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The United Auto Workers failed in its effort to organize a Mercedes-Benz plant in Alabama, but the loss on Friday was a good result for a first effort in a historically anti-union state, labor professors and analysts said. Employees at the Vance, Alabama, plant voted 56% against joining the union. Until the UAW won overwhelmingly last month at a Volkswagen plant in Tennessee, the union had repeatedly failed to organize a foreign-owned automaker in the region for its nearly 90-year existence.
Shipping group CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red Sea disruption, but expects an influx of new ships to weigh on the market later in the year, it said on Friday. France-based CMA CGM, the world's third-largest container line, reported first-quarter net profit of $785 million, recovering from a $90 million loss in the final quarter of 2023. That was down from a net profit of $2.01 billion in the first quarter of 2023, when CMA CGM was emerging from a post-pandemic shipping boom that generated record earnings and a flurry of acquisitions in port terminals, logistics and the media.