Bankrupt Celadon Group Inc. canceled its Wednesday asset auction of Taylor Express after approving White Willow Holding’s $14.5 million bid.
Shippers in a Morgan Stanley survey are optimistic over the macro environment and expect rate improvement moving forward. Plus, Chinese New Year impacts and supply chain sustainability takes a hit.
Ex-chief financial officer of Hyndman Transport accuses Celadon in affidavit of depleting funds generated by profitable core business in Canada and hurting former drivers’ and others employees’ ability to claim more than C$2 million in unpaid compensation.
Celadon Group plans to ask Canadian court to recognize its U.S. Chapter 11 case as judge takes further steps to lock down Hyndman Transport assets.
Technological change is requiring a fresh vision to help manage trucking operations. Here are three opportunities to take advantage of now.
BIMCO, BOLT, Commercial Jet and Kane Is Able also announce executive appointments.
Chicago company nearly doubles its size with “likely the first acquisition of several.”
Commercial liability insurance rates continue to spiral, with costs passed through to businesses and consumers. A primary culprit is a corrupt personal injury legal system where attorneys drive medical care. It’s time to change that.
FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.
A new cap-and-trade carbon emissions bill unveiled in Oregon last week continues to draw criticism from the trucking industry that helped derail similar legislation last year. “If you look at the latest version for the upcoming session, it’s not much different than [last year’s] House Bill 2020,” said Jana Jarvis, head of the Oregon Trucking […]
Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. Predicting where wholesale rack diesel prices will go has always been tricky. SONAR, FreightWaves’ forecasting platform introduces next day wholesale rack ULSD predictive prices.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Toyota begins production at its new Tacoma plant in Mexico; fatal shooting reported at family-owned trucking company in San Antonio; new superintendent appointed for international commercial bridges; and CBP seizes $1.5 million in cocaine inside shipment […]
Bankrupt Celadon receives $14.5 million bid for Taylor Express as it plans liquidation of remaining assets
(Updated with comments from Love’s spokeswoman on size of growth in 2019). Love’s Travel Stops’ growth plans this year are in line to slightly more aggressive than those of 2019 and 2018. In a prepared statement Thursday morning, the truck stop and store operator said it was going to open “up to” 40 stores this […]
Sale of Winnipeg terminal for C$4.25 million to commercial real estate firm appears set to be tied up in Canadian courts, where U.S. trucking giant’s failure to initiate timely bankruptcy proceedings north of the border may come back to haunt it and its creditors.
An overview of driver feedback trends found high rates of satisfaction with co-workers and staffing issues.
Freight volumes and tender rejections range-bound for now
Jim Blaze explores the decline of railroad freight volume and what may happen going forward.
Trucking insurance premiums have skyrocketed in recent years, driven by nuclear verdicts, but instead of complaining, trucking companies should take steps to stop incidents from happening.
The expansion is roughly in line with those of recent years.
