Yellow not paying — yet — even as potential strike looms
In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned.
In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned.
A former third-party CDL skills tester in Idaho was recently sentenced to two years in prison for his role in a three-year bribery scheme.
Truckstop has acquired FreightFriend, an AI-powered carrier relationship management platform.
Union pilots at UPS are ready to show solidarity with Teamsters workers if there is a strike, which would ground UPS Airlines.
Low-volume contract lanes are often overlooked due to their size, but if mismanaged, these small volumes can have a large impact on a shipper’s bottom line.
Exempting former prison inmates from certain CDL training rules could not ensure that safety standards would be upheld, according to federal regulators.
A strike is looming at Yellow — and it could finally be the end for the long-troubled trucking company.
Brokers say some shippers are steering clear of the troubled trucking carrier. Other customers are flocking to Yellow.
Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.
Former Celadon subsidiary Jaguar Transportation has been acquired by a consortium of U.S., Mexican investors.
Odyssey Logistics got an increase in its outlook from Moody’s, a change from earlier ratings agency actions on 3PLs.
While carriers are usually responsible for paying for claims, claim disputes burden freight brokers with more work — and they might end up footing the bill due to coverage gaps. Reliance Partners can help.
The production of electric trucks is still so small that it’s easy to overlook the hundreds subject to recall campaigns.
The hiring of John W. Dietrich as CFO is part of a broad finance revamp at FedEx.
A Georgia-based trucking company, which reported a significant drop in revenue this year compared with the previous two years, filed for bankruptcy liquidation on July 14.
Tesla has unveiled its first production electric Cybertruck, the company tweeted Saturday, two years behind schedule.
Work at UPS may continue past July 31 should the Teamsters’ rank and file need to weigh contract terms.
This week in Borderlands: $18B LNG export terminal project moves forward at Texas seaport; DHL investing $560M to expand supply chains in Mexico, South America; German manufacturer announces 1st facility in Mexico; and CBP seizes nearly $4 million in meth from a California border crossing.
Robert Bosch expects $5.3 billion in sales by 2030 from building equipment that makes and uses hydrogen.
UPS’ nonunion employees have begun training for a possible work stoppage.
The U.S. Department of Labor is seeking nearly 1,400 Arizona drivers owed $5.6 million in back pay and damages after they were misclassified as independent contractors.
Daimler Truck forecasts a sunny outlook for its business, especially in North America and Europe.
Some truck drivers at Yellow are worried about their retirement plans. Others fear their jobs may be eliminated in the coming months.
A collective bargaining agreement between TForce Freight and the Teamsters comes 18 days before the current contract expires.
Uber Freight has implemented layoffs in its legacy digital brokerage operations in the second round of cuts this year.
Tom Linebarger introduced Jennifer Rumsey as his handpicked successor as CEO of Cummins. Now she is adding the role of board chair.
The mobile vehicle maintenance service Torque by Ryder is now available in seven states.
The closely watched Cass report sees a new cycle, which is actually the start of the market bottom in freight markets.
The Digital LTL Council’s API road map will cover the freight data stream from “quote to cash.”
Barnhart Transportation, a Pennsylvania-based carrier with 170 trucks, has been acquired for $53 million by Houston-based SMG Industries.
Canada and Mexico are seeing tremendous growth as a result of nearshoring efforts. This has generated significant interest in cross-border capabilities.
The first meeting of FMCSA’s Truck Leasing Task Force has put lease-purchase agreements under more intense scrutiny.
Earnings at supply chain software provider E2open were a mixed bag, better than a year ago but weaker sequentially.
In its first meeting with analysts since going solo, Daimler Truck projected revenue growth of 40%-60% in the second half of the decade.
Thousands of driver and package handler jobs could be lost if the Teamsters strike UPS, the head of consultancy ShipMatrix says.
Yellow has reached a waiver deal with a group of lenders that will give it some breathing room as it seeks to right its sinking ship.
This week in Borderlands: New Mexico lands first major auto parts manufacturing plant; FedEx closing facility in Texas; Nippon Express opens logistics warehouse in Arizona; and San Diego customs agent charged with taking bribes.
Nikola is still short of votes to double its outstanding shares, but Delaware’s governor can give the company what shareholders have not.
o prepare for a compliance review, motor carriers should rely on the expertise of a third-party expert that understands the nuances of how FMCSA determines safety ratings.
Prices realized for newer truck models in auctions and trade-ins are falling because of high use during the pandemic.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
The BLS report on truck transportation in June showed a slight decline from May, but revisions mean job levels are higher than April.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
After months of carping, California and engine makers agree to flexibility on emissions but hold to the state’s tough mandates.
DHL Express cut the ribbon Thursday on the first hub ever opened in Atlanta by an air express carrier.
FedEx is encouraging UPS shippers to get off the fence today. It is also setting policies for onboarding.
Trucking giant Yellow said it may run out of money sometime this month.
Class 8 orders in June remained muted as manufacturers focused on reducing their backlogs of unbuilt trucks.
Single-sourcing of carriers doesn’t guarantee the best prices, experts say.
A former driver for Ameritrans Express, a contract delivery company that hauls mail for the U.S. Postal Service, says he and other workers wonder whether they will be paid after the company filed for bankruptcy protection.
The Logistics Managers’ Index registered another all-time low in June as inventories throughout the supply chain continued to contract.
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
No new talks are scheduled after the Teamsters rejected a UPS proposal.
FreightWaves spoke with research scientist David Correll about how much progress has been made toward addressing workforce challenges.
Knight-Swift has closed on the more than $800 million acquisition of U.S. Xpress.
This week in Borderlands: Vertical farms in Texas are designed to disrupt fresh produce supply chains; Mexico imposes a 50% tariff on white corn exports from the U.S.; Quality Custom Distribution is opening a new facility in Texas; and CBP officers seized nearly 900,000 fentanyl pills in California.
Less-than-truckload carrier ABF Freight announced a new five-year collective bargaining agreement has been ratified by its union employees.
As a new Florida immigration law takes effect, some truckers have taken to social media to call for a statewide boycott.
The Teamsters on Friday said “significant movement” being made with UPS, but that it will not prevent them from continuing to exercise “leverage.”
Private equity giant The Carlyle Group is no longer the owner of car hauler United Road as a debt restructuring has led to new equity.
Ameritrans Express LLC, a contract delivery service for the U.S. Postal Service, has filed for Chapter 11 bankruptcy amid claims by some of its contractors that they have not been paid since March.
The VP of safety at Reliance Partners joined Dooner during Monday’s episode of WHAT THE TRUCK?!? to discuss trends that could be contributing to crash fatalities.
“People that are integrating with AI will be able to significantly save money and move ahead of others that are not looking at AI as a promising tool for the industry,” Ezlogz CEO CJ Karman said.
3PL RXO has had its outlook dropped to stable by S&P, but its debt rating held steady.
Yellow Corp. sent a letter to the White House on Thursday seeking assistance in negotiating with the Teamsters.
Ditat helps Artur Express grow revenue by bringing its detention-monitoring and management capabilities into real time.
A heavily competitive marketplace will restrain price increases at UPS, experts say.
FreightWaves SONAR has launched the Index-Linked Contracts solution to help shippers and carriers get consistent service and volumes.
The voluntary structure of NHTSA’s automated vehicle testing initiative will hinder the agency’s ability to modify AV safety regulations down the road, OOIDA contends.
Partnering with Relay for digital fuel payments — and utilizing its integration through Amous — has completely eliminated fuel theft for PURE, saving the company an average of $10,000-$15,000 per month.
At FreightWaves’ Future of Supply Chain event in Cleveland, Craig Fuller gives his monthly outlook on the freight market, and he is bearish.
These new API offers from p44 represent the next step in supply chain connectivity, paving the way to a more transparent and collaborative future.
People remain invaluable in solving the unanticipated problems that arise in the course of everyday operations.
By focusing on customer change management, FreightTech providers see real results with AI-driven technology.
California’s Supreme Court will review a lower court and appellate court decision to settle the question of Prop 22’s constitutionality.
Yellow has suffered from financial mediocrity that has led to the inevitable outcome.
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Some Wall Street analysts weigh in on which less-than-truckload carriers would most likely pick up the slack if Yellow shuts down.
Government sponsors are finding ways to add capacity for truck parking through long-standing federal grant programs.
Contract rhetoric with UPS has ratcheted up as the Teamsters walk away from the table and issue a new ultimatum.
By making integrations accessible and affordable, Bitfreighter enables brokers to enter into the once-dreaded “EDI conversation” with shippers on the front end, using connectivity as a selling point.
With offerings like its Clean Advantage Card and Fuelman Mastercard with EV payment capabilities, Fuelman is anticipating the current and upcoming expense management needs of fleet managers as they begin their electrification transition.
More than 60 small trucking companies are collectively owed millions of dollars after a Mississippi-based logistics firm folds, files for bankruptcy liquidation.
Daylight recently opened the first LEED-certified trucking facility in Texas, proving its continued commitment to both sustainability and the people of the Lone Star State.
Authorities arrested four Mexican nationals in connection with the deaths of 53 migrants found abandoned last year in a locked tractor-trailer.
AI is helping the logistics industry solve a massive coordination problem to establish transportation reliability and save shippers, carriers, and brokers a serious amount of time and money.
XPO’s Miami-area facility had a contract between the Teamsters and the company, but the union has been voted out.
Supply chain-focused startups Cart.com, Nuvocargo and CargoBot recently secured a combined $102 million in venture capital.
Mexico-based transporter Traxion has acquired Las Vegas-based BBA Logistics for $10 million.
Without agreement, Teamsters General President Sean M. O’Brien will demand UPS present its last, best and final offer.
Shares of Yellow Corp. plummeted Tuesday as a lawsuit against Teamsters revealed the company’s options are dwindling and it will be out of cash in a few weeks.
Criminals looking to steal high-value cargo are attracted to the vulnerabilities associated with international border crossings.
FreightWaves’ Future of Supply Chain rapid-fire demo best-in-show winners include Ryder, Trucker Tools, Truckstop and Turvo.
The newly approved Ground Advantage product combines three existing Postal Service offerings into one.
Logistics warehouse owner Prologis announced Monday the $3.1 billion acquisition of an industrial real estate portfolio owned by Blackstone.
The marketplace is at its most fragile when rates plummet and virtually every carrier is scouting out opportunities to earn more. Unfortunately, many of the “too good to be true” rates carriers come across in a precarious market are just that: not true.
FreightWaves’ Innovation Alley at the Future of Supply Chain event featured FreightTech demos from Ezlogz and Bridgestone Mobility Solutions/Azuga.
Hydrogen’s historical link to the Hindenburg disaster is receding as its use as a transportation fuel grows.
J. J. Keller advises that with on-site investigations and fines growing, carriers should focus efforts on compliance and record management.