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.
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.
Single-sourcing of carriers doesn’t guarantee the best prices, experts say.
Less-than-truckload carrier ABF Freight announced a new five-year collective bargaining agreement has been ratified by its union employees.
Yellow Corp. sent a letter to the White House on Thursday seeking assistance in negotiating with the Teamsters.
Negotiations between the Teamsters union and Yellow Corp. remain ongoing, with the fate of the nation’s third-largest LTL carrier hanging in the balance. Yellow is facing stiff resistance from the Teamsters over proposed operational changes that would consolidate operations between purchased regional carriers New Penn and Holland and integrate them into Yellow’s nationwide network.
Some Wall Street analysts weigh in on which less-than-truckload carriers would most likely pick up the slack if Yellow shuts down.
XPO’s Miami-area facility had a contract between the Teamsters and the company, but the union has been voted out.
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.
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Less-than-truckload carrier Yellow Corp. has asked pension and health and welfare fund plan administrators for a two-month extension.
ABF Freight has outlined the details of its new labor agreement with its union employees.
UPS has told the Teamsters union it will install air conditioning and air induction vents in its package cars, union tweets.
The latest exchange between the Teamsters union and Yellow Corp. suggests the carrier is running out of time and money.
Less-than-truckload carrier ABF Freight announced Wednesday that it reached a tentative labor agreement with the Teamsters.
Yellow and the Teamsters appear to be moving further apart on reaching a deal anytime soon.
The California State Assembly voted 54-3 to ban autonomous trucks without safety drivers from the state’s roadways.
The Teamsters union has authorized a strike at ABF Freight.
In the latest bid to block the AB5 independent contractor law from implementation in California’s trucking sector, two key groups are quoting the author of the law.
