Trucking

John Kingston Monday, November 10, 2025

Freight tech VC-backed Zuum files for chapter 11 protection

The growing list of bankruptcies in trucking has caught up a significant new participant from the freight tech part of the business: Zuum . The startup that has been operating since 2021 filed for chapter 11 bankruptcy protection in Federal Bankruptcy Court for the Central District of California Thursday. Zuum is based in Irvine, California.  […]

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Eric Kulisch Thursday, October 30, 2025

2,000 drivers left UPS after taking buyouts, analyst says

About 2,000 unionized delivery drivers accepted a buyout offer from UPS in the third quarter, according to an estimate by Satish Jindel, a long-time parcel shipping consultant and president of ShipMatrix.  UPS CEO Carol Tomé said during Tuesday’s earnings briefing that the buyouts will cost the company $175 million. The Atlanta-based parcel logistics giant has […]

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Ashley Coker Prince Wednesday, October 29, 2025

OTR Solutions launches Truly Instant Funding — the future of fintech in logistics

OTR Solutions, the leader in logistics-focused back-office technology and financial solutions, today announced the launch of Truly Instant Funding, the industry’s most advanced factoring solution, giving carriers access to much needed liquidity within minutes of invoice upload, 24/7/365, to any bank account. Built to give carriers true financial control, this innovation marks a defining moment […]

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