Less-than-truckload carrier Yellow Corp. is reported to be close to a deal with one of its current lenders to obtain debtor-in-possession financing to facilitate a bankruptcy.
Like other trucking OEMs, Daimler Truck rode higher prices to solid second-quarter results while incoming orders fell.
DHL Group forecasts $7.7 billion in earnings before interest and taxes should a recovery take hold early in the second half.
Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.
Uber Freight’s negative EBITDA was improved from the first quarter, but revenue has declined steadily for more than a year.
Teamsters local unions representing 340,000 full- and part-time workers at UPS Inc. voted Monday to endorse the tentative five-year agreement.
Volume declines ate into TFI International’s revenue in the second quarter.
About half of diverted parcels, almost exclusively to FedEx, will not return to UPS, consultancy ShipMatrix says.
Truckload carrier Heartland Express reported worse-than-expected second-quarter results on Monday.
J.B. Hunt Transport is helping Nikola reduce its inventory of battery-electric trucks and adding to the order bank for fuel cell models.
Same-day or next-day Prime deliveries are four times greater than in 2019, Amazon’s Herrington says.
Companies that are able to make data-driven decisions gain a competitive edge over their peers in any market.
Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations.
“Poor CSA scores can lead to warning letters from the FMCSA, more inspections, higher insurance rates and negative publicity,” said J. J. Keller & Associate Inc.’s Josh Lovan.
Volvo Trucks North America is recalling 63,095 vehicles because the windshield wiper motor may fail, limiting visibility in rainy conditions.
Over 57% of roadside inspections result in at least one violation. Reliance Partners’ director of DOT regulatory compliance shares regulations that drivers and carriers commonly overlook.
Canada-based transportation provider Titanium Transportation announced Monday the acquisition of Georgia-based truckload carrier Crane Transport.
The Teamsters union said late Sunday it received a legal notice that Yellow Corp. will be filing bankruptcy.
Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.
This week in Borderlands: BNSF Railway rethinks its plan to build a Texas logistics center after community opposition; Paschall Truck Lines adds a new cross-border terminal; Niagara Bottling will build a logistics center in Central Texas; and the Commerce Department honors three Texas-based export businesses.
