Flexport acquires Convoy technology stack for undisclosed sum
Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.
Flexport in conversations to buy Convoy’s technology stack
Flexport would hire a small team of Convoy employees and take on its technology stack. That could keep the trucking startup’s app functioning for customers.
Convoy’s shutdown exposes the desperate state of trucking
The ultra-buzzy trucking startup Convoy could have fixed trucking. Instead, it shut down suddenly to the shock of industry insiders.
What’s behind the reports of ‘unprecedented’ retail theft
Practically every retail chain in the U.S. has been sounding the alarms on external theft. It’s not as simple as it seems.
Werner subsidiary fires 4 truck drivers after union petition filing
One terminal of trucking giant Werner filed to join the Teamsters union. Teamsters said key organizers were terminated afterward.
American manufacturing is coming back. So are strikes.
Amid the historic UAW strike, we’re seeing more militant labor leadership than ever. It’s a sign that the American economy is healthy.
We’ve got a truck parking crisis. Who should solve it?
Truck drivers are pressed to find safe parking. A patchwork of entrepreneurs seem keen to expand options.
Flexport board fired CEO Clark, sources say
The prominent former Amazon executive agreed to resign from the CEO role. Flexport founder Ryan Petersen will take back his role.
Flexport CEO Dave Clark steps down
Former Amazon executive Dave Clark told FreightWaves that Flexport founder Ryan Petersen wants to redirect Flexport’s mission.
I rode with an ice road trucker to the Arctic Circle. Here’s what it was like
Alaskan trucking fleets are desperate for truck drivers. They make up to $170,000 a year. But the job isn’t easy.
Coyote Logistics restructures, lays off unspecified number
Coyote, a $5.2 billion freight broker, just announced layoffs again. The trucking industry is in a recession.
Why Teamsters allowed 22,000 union jobs to vanish
Following the bankruptcy of trucking giant Yellow, some 22,000 union workers are unemployed. It may be a spooky sign for the labor movement.
Yellow employees getting paid a day late; $92.9M in vacation time in limbo
Yellow said employees who expected their paychecks Thursday would receive them Friday. However, it remains unclear when workers will receive pay for accrued vacation days.
Yellow is ceasing ‘regular operations’ on Friday
Yellow told nonunion employees that all locations are shutting down or seeing layoffs. The trucking company said regular operations cease Friday.
Yellow exec tells sales staff company will file bankruptcy Monday
At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.”
Stephens says Yellow is burning up to $10M a day
Industry watchers believe a Yellow bankruptcy is inevitable. Some of the company’s 30,000 employees are starting to feel nervous too.
Yellow limits pickups nationwide, leaked memo says
“As a result of these unfortunate circumstances and the impact on the network, we are limiting pick-up operations in all terminals,” the memo states.
‘Big trouble’: Yellow truck drivers ponder next moves amid potential bankruptcy
Some 30,000 Yellow employees may find themselves unemployed. Yellow truck drivers said they’ll likely find work at nonunion shops.
Yellow customers see danger and opportunity in Teamsters fracas
Brokers say some shippers are steering clear of the troubled trucking carrier. Other customers are flocking to Yellow.
Yellow truck drivers sound off on troubled fleet, Teamsters
Some truck drivers at Yellow are worried about their retirement plans. Others fear their jobs may be eliminated in the coming months.