More than one-third of shippers and brokers polled said they were still searching for a permanent less-than-truckload provider following Yellow’s exit.
Forward Air’s planned merger with Omni Logistics hit a roadblock this week as a Tennessee court said it will decide next month if shareholders get a vote.
Soft economic conditions have prompted many companies to swap out previously devised growth strategies for more conservative “stay afloat” plans. This is not the case for XPO.
Two subsidiaries of trucking conglomerate TFI International have been sued by the EEOC over alleged discrimination against two gay employees who ultimately were fired.
Estes Express Lines was named the winning stalking horse bidder in Delaware bankruptcy court on Thursday.
FedEx’s fiscal first-quarter results give efficiency the nod over growth. (Photo: Jim Allen/FreightWaves)
The Teamsters union asked the U.S. Senate to look into Yellow’s bankruptcy proceedings as part of a broader review a judiciary committee is conducting on bankruptcy manipulation.
Two debt rating agencies, Fitch and S&P, rated Forward Air’s newly issued debt from its Omni deal and were mostly positive.
Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.
Forward Air’s August tonnage improved from July but likely came in lower than expected.
Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.
Forward Air defends its latest deal that will position it as a supplier and a competitor to its customers.
A hedge fund with a stake in Yellow Corp.’s debt and equity is looking for more influence as the bankrupt company begins to unwind assets.
ArcBest said Monday that shipments from its primary less-than-truckload customers have increased 20% since June.
“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.
Forward’s plan to acquire a large forwarder has stakeholders concerned.
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.
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.
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.
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.
Yellow’s bankruptcy filing suggests that secured creditors are likely to be paid in full.
Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.
Less-than-truckload carrier Yellow Corp. is reported to be close to a deal with one of its current lenders to obtain debtor-in-possession financing to facilitate a bankruptcy.
Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.
On an earnings call with analysts, Saia’s CEO and CFO tried to address the pending collapse of Yellow without mentioning the company’s name.
Saia’s second-quarter earnings show a decline in volume but by a relatively small amount.
ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.
On Thursday, Yellow Corp. said it is seeking a buyer for its logistics business and the union said negotiations have been fruitless.
Even truckload companies are being asked how a Yellow collapse might benefit them; Covenant had an answer on its second-quarter earnings call.
At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.”
Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.
A letter from the Teamsters negotiating committee on Tuesday showed it has been unable to come to terms with less-than-truckload carrier Yellow Corp.
“As a result of these unfortunate circumstances and the impact on the network, we are limiting pick-up operations in all terminals,” the memo states.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Central States extends health insurance coverage for Teamsters employees, averting a planned Monday strike at less-than-truckload carrier Yellow Corp.
Some 30,000 Yellow employees may find themselves unemployed. Yellow truck drivers said they’ll likely find work at nonunion shops.
A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday.
As less-than-truckload carrier Yellow Corp. faces a potential work stoppage by its largely union workforce, an action that would likely force it to close its doors, we take a look back at some of the top stories in the past year.
FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.
Less-than-truckload carrier Yellow Corp. says it’s the union’s fault for its cash-strapped predicament.
In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned.
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.
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.
Some truck drivers at Yellow are worried about their retirement plans. Others fear their jobs may be eliminated in the coming months.
The Digital LTL Council’s API road map will cover the freight data stream from “quote to cash.”
Canada and Mexico are seeing tremendous growth as a result of nearshoring efforts. This has generated significant interest in cross-border capabilities.
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.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
Trucking giant Yellow said it may run out of money sometime this month.
Yellow Corp. sent a letter to the White House on Thursday seeking assistance in negotiating with the Teamsters.
Yellow has suffered from financial mediocrity that has led to the inevitable outcome.
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.
The National Motor Freight Traffic Association said less-than-truckload industry participants are seeing benefits from using electronic bills of lading.
Less-than-truckload carrier Yellow Corp. has asked pension and health and welfare fund plan administrators for a two-month extension.
About $2.3 trillion was spent to keep the nation’s logistics system operating in 2022, according to the 34th State of Logistics Report.
Pennsylvania’s governor says Interstate 95 in northeast Philadelphia will reopen to traffic in two weeks, far sooner than anticipated.
ABF Freight has outlined the details of its new labor agreement with its union employees.
Yellow wants to make massive changes in its operations. Teamsters is blocking them – even though the trucking company could shutter.
The latest exchange between the Teamsters union and Yellow Corp. suggests the carrier is running out of time and money.
Outgoing Old Dominion CEO Greg Gantt made his final appearance at the UBS conference and looked back on the company’s road to the top of the heap.ODFL