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The post Daily Infographic: European cargo airline Cargolux launches aerial firefighting unit appeared first on FreightWaves.
China Cargo Airlines has postponed until April plans to launch scheduled freighter service to Miami, which will make it the first Chinese carrier to operate between the city and mainland China. Worldwide Flight Services had announced in December that the all-cargo airline would begin three weekly flights this month, utilizing Boeing 777s, from its base…
A Wednesday note to investors from Stephens, a financial services company, estimates that Yellow may soon breach a key requirement on its cash reserves. Based on a July 10 liquidity disclosure, Stephens estimated that Yellow was burning $4 million in cash each week in the second quarter of 2023. In that same filing, Yellow disclosed…
A Delaware bankruptcy court blessed the sale of 23 of bankrupt less-than-truckload carrier Yellow’s leased service centers on Friday. The second round of terminal sales will fetch $83 million, according to court filings. A Dec. 20 filing with the court originally showed the results from the two-day auction that began on Dec. 18. The latest…
U.S. parcel shipping activity is expected to grow 5% per year over the next five years, continuing what is expected to be an increase over pre-pandemic volume projections despite a slowdown in 2022, according to an annual parcel shipping index published Tuesday by global shipping and mailing company Pitney Bowes Inc. By 2028, annual U.S….
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves’ Rachel Premack about the drama over at Yellow. The carrier has told the Teamsters it will be out of money by August, but the union says it’s not going to bail the company out again. We’ll find out if Yellow can survive and…
Significant attention has been given to advancing warehouse management systems (WMS) in the FreightTech landscape, revolutionizing operations within physical buildings for enhanced transparency and optimization. However, yard management systems (YMS) have received less investment, and their innovations have been relatively dormant compared to WMS. YMS has traditionally relied on manual processes with limited technological support….