A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals.
U.S. Postal Service contractor Matheson Flight Extenders (MFE), which operates 44 mail sorting and terminal handling services across the country, filed paperwork this week stating that it plans to cut more than 660 jobs at two of its facilities in Atlanta and in Brandywine, Maryland, by Oct. 15.
The Minneapolis City Council approved an ordinance this week sharply increasing compensation for Uber and Lyft drivers, but the mayor’s signature is needed for it to become law.
Traveling all 41 miles of the SH 130 toll road will cost drivers about $32. The value proposition lies primarily in saved time and predictability, a commodity that invariably aligns with money in the transportation world.
U.S. officials have called for a dispute panel over Mexico’s plan to stop importing genetically modified corn from farmers in the United States.
For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.
Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.
Since the closure of the third-largest LTL carrier, Averitt Express has seen an influx of 2,000 daily shipments — and hasn’t missed a beat.
Two former Yellow Logistics employees have opened a new brokerage office at Radiant Logistics.
This month’s State of Freight webinar focused on robust volumes in July and rejection rates that aren’t budging.
With capacity far in excess of demand, the parcel market is in for a very uncertain future.
Yellow Corp. told a judge Thursday that it has selected bankruptcy financing lenders and that Estes Express Lines has entered a $1.3 billion stalking horse bid for its terminals.
Veteran business leader Steve Girsky acknowledges challenges but points to Q4 as the culmination of fuel cell truck startup Nikola’s efforts.
Walmart posted revenue gains of 5.7% in its fiscal 2024 second quarter, paced by a 6.4% gain in U.S. same-store sales.
OnLine Transport Inc. acquires 90-truck carrier A/T Transportation in Indiana.
The $9 million felony fraud case against Frances Hall, who was convicted of killing her trucking magnate husband in 2016, continues to move through the courts.
Regulators are leveraging their power to once again weigh in on state laws affecting truck drivers.
Ditat is planning to roll out its new user interface, which will improve the overall appearance of its TMS, making it more mobile-friendly.
Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing.
Less-than-truckload carrier Saia sees freight surge in the first two weeks of August.
Canadian carrier Highlight Motor Group is building a $250 million facility near Toronto that includes offices, warehouse space, a truck yard and a repair shop.
Five new indictments have been handed down by the U.S. attorney in the New Orleans-area scam to stage collisions with trucks and collect insurance dollars.
Werner Enterprises’ CEO said Tuesday that the worst of the cycle is in the rearview and that he will remember which shippers stood by the company during the recent freight recession.
Amazon Shipping appears to cater to businesses that may want to use the company just for parcel deliveries.
Lightning eMotors has enough parts to build electric vehicles through the end of the year, but it needs new capital soon to stay in business.
Daimler Truck CEO Martin Daum will add the role of CFO while the Supervisory Board searches for a permanent replacement for Jochen Goetz.
Shipment declines accelerated in July while total freight spend remained under pressure.
A Dana Inc. supplier used non-conforming rolled metal tubes in two lots of drive shafts, leading to Daimler Truck and Navistar recalls.
Hino Motors trucks have been recalled because of inaccurate readings on how much fuel remains in 70- and 90-gallon tanks.
The fleet management ecosystem has undergone a serious technological transformation over the past several years, leading to more data being collected than ever before.
This week in Borderlands: Lectra sees more manufacturers leave Asia for the Americas; steel wire maker opens $22M logistics hub in South Texas; GrubMarket acquires Pharr, Texas-based London Fruit; and chemical logistics provider to open distribution facility in Arizona.
Nikola is recalling about 209 Class 8 battery electric trucks following 2 battery fires, but the trucks can stay in service pending a fix.
Third-party logistics provider ITS Logistics in its August report is warning clients of capacity issues both on the road and rails.
Like all technology, ELDs can malfunction. When that happens, drivers need to know what to do to stay compliant with Federal Motor Carrier Safety Regulations.
The inevitable dilution from a recent increase in authorized shares has led former and current Nikola executives to sell.
Regulators may use waivers to give California and Washington more power over truck driver work rules that the Trump administration found were preempted.
An attorney for Yellow Corp. said Friday he’s hopeful to have in place by early next week a bankruptcy financing deal superior to what the company was previously offered.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
New York City this week launched a 90-day “warning only” program to tackle overweight vehicles on the Brooklyn Queens Expressway as a new way to deal with the aging highway.
Some of Tesla’s all-electric Class 8 Semi trucks are running loads 12 hours a day for PepsiCo.
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.
UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract. This is just the beginning for jobs in the physical economy.
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.
“Leadership has got to make sure they have the right information, as well as the right driver at the right time for the right reason,” said Lytx’s Jeff Martin.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.
A proposal requiring automatic braking on trucks needs more than a 60-day comment period, state agencies and brake manufacturers assert.
Hyliion Holdings has enough cash and investments to run its business through 2024 without raising new capital.
Yellow Corp. released second-quarter financials Wednesday following a bankruptcy petition earlier in the week.
The U.S. Postal Service’s non-GAAP loss nearly doubled year over year, while shipping volume was down slightly and revenue was flat.
Lowe’s has been changing the way it deploys trucks to deliver goods and has garnered a spot on FreightWaves’ annual list honoring shippers.
The federal heavy vehicle use tax year began on July 1, and taxes for 2023–2024 are due by Aug. 31.
Once the world’s hottest parcel market, China hit the skids in 2022 as the economy experienced a frail recovery from the pandemic, a Pitney Bowes report said.
Atlanta-based FleetCor Technologies reported fuel transaction revenue of $399 million in the second quarter, a 6% year-over-year increase.
Less-than-truckload carrier CrossCountry Freight Solutions announced Tuesday it has closed on the acquisition of Express 2000 Transportation.
About 1 million daily packages were diverted from UPS and 200,000 more did not enter the system due to lost sales.
Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.
“Waterfall tracking” means that a visibility provider, like Trucker Tools, automatically assigns the best available tracking method to each individual load based on information provided when the track was created and what the company already knows about the carrier.
Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
Cargo operations at a Texas border port were temporarily delayed Tuesday by an influx of migrants.
UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters.
Spencer Patton says a widening wage and benefit gap with rival UPS will make it hard for FedEx Ground contractors to recruit qualified drivers.
Cash-strapped electric bus and battery maker Proterra Inc. sought bankruptcy protection Monday and plans to operate during reorganization.
Most Volvo and Mack electric trucks built since 2019 will get new batteries because of a fire risk caused by loose material in the batteries.
Using an asset-light model, JHT delivers new trucks to dealerships and customers.
Modern tour planning tools — like HERE Tour Planning API — make next-generation route visibility and optimization possible.
Yellow’s bankruptcy filing suggests that secured creditors are likely to be paid in full.
Less-than-truckload carrier Yellow Corp. on Sunday filed for bankruptcy, putting to end the 99-year-old trucking firm.
Daimler Truck said CFO Jochen Goetz died in a “tragic incident,” but the company gave no cause of death for the 52-year-old executive.
This week in Borderlands: A stronger Mexican peso could pose challenges for U.S.-Mexico trucking; Tesla seeks $100 million to build Semi truck charging stations; OmniTRAX taps a former Amazon exec to lead its Texas railroad; and cargo truck processing returns to a Texas border crossing.
DOT’s inspector general recommends FMCSA take steps to clamp down on foreign carrier safety compliance.
FedEx Corp. has laid off more than 900 workers at facilities across the country since June.
Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.
Getting drivers on the road faster boosts productivity, says CRST, which was conditionally granted a CDL exemption renewal.
Less-than-truckload carrier XPO said it would add capacity to meet the increased demand created by Yellow’s departure.
The Bureau of Labor Statistics’ latest report shows truck transportation jobs at a level in July less than last October.
Steve Girsky, the man responsible for bringing Nikola public three years ago, is taking over as CEO — the third chief executive in a year.
Less-than-truckload carrier XPO saw shipments and tonnage surge in July as a competitor shut down.
Could Kodiak leverage some of the work Navistar has in on a redundant chassis for a Class 8 autonomous truck?
Canadian truck drivers say companies are withholding millions in unpaid wages, but recouping money proves difficult.
Two suspects were killed after a truck driver for Werner Enterprises was taken hostage while parked in his rig at an Ohio truck stop early Wednesday.
Texas-based flatbed carrier Daseke does not expect to see improvement in the freight market the rest of the year.
Werner Enterprises reported an earnings miss for the second quarter on Thursday after the market closed.
Supply chain technology provider Trimble posts impressive Q2 results and says truck spot rates may have “bottomed out.”
Amazon’s earnings per share of 65 cents nearly doubled consensus estimates.
Class 8 truck orders rose in July, but they are still in the summer doldrums and trail replacement demand.
The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.
Jeremy Reymer, CEO and founder of DriverReach, is joined on this episode of Taking The Hire Road by a great friend and innovative leader, Justin Clarke. Clarke is the founder and CEO of F|Staff, an on-demand truck driver staffing company.
Multimodal provider Schneider National reeled in its 2023 earnings outlook by roughly 13% on Thursday.
GXO Logistics is one of few companies to better its 2023 estimates and raise its guidance.
Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.
When drivers are recognized for their hard work, they’re more likely to feel satisfaction at their jobs, and it gives them a reason to work toward company goals.
Owner-operators Toni and Chris Murphy of New Egypt, New Jersey, said it’s been hard to fight back against an invisible tech-savvy fraudster who stole their trucking company’s identity.
A Yellow employee has filed a class-action lawsuit over the company’s failure to provide advance notices of mass layoffs.
New C.H. Robinson CEO Dave Bozeman waxed philosophical on his first earnings call with analysts.
GXO’s full-year EPS guidance was raised by 5 cents, while adjusted EBITDA was increased by $10 million.
RXO was flat between the first and second quarters, and that proved to be a turnoff for investors in the 3PL.
Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless.
Deutsche Bank’s Amit Mehrotra says cumulative 8.8% per-package increases over five years should balance out elevated labor costs for the UPS contract duration.
An NLRB action is being viewed by the Teamsters as providing an incentive for companies to consider independent contractors as employees.
