A Delaware bankruptcy court ruled Wednesday that approximately $7.8 billion in pension withdrawal liability claims against bankrupt less-than-truckload carrier Yellow’s estate will remain under its jurisdiction and not be decided by arbitrators as numerous pension funds had sought. The court denied motions from the multiemployer pension plans (MEPPs) to which Yellow (OTC: YELLQ) contributed on…
Companies across the supply chain have been laser-focused on improving their visibility options over the past several years. While most companies understand that visibility paves the way for increased efficiency and better coordination throughout the life cycle of a shipment, many leaders in the space do not yet have a solid understanding of partial versus…
Change is a constant in the transportation industry. Technological advancements, regulatory developments, environmental considerations and more require trucking businesses to continually adapt to an ever-evolving operational landscape. Staying informed is crucial to navigating change and thriving amid uncertainty. To that end, FreightWaves spoke to Sarah Wicker, VP of sales and marketing for telematics provider EROAD,…
Freight movements between the U.S. and Mexico continue to grow, and ongoing nearshoring efforts show no signs of slowing. As more goods move across the border, conversations between carriers and insurance providers regarding B-1 truck drivers from Mexico are happening more frequently. While B-1 truck drivers from Mexico are able to enter the U.S. to…
UPS says a projected rebound in parcel demand combined with an aggressive strategy for network consolidation and automation to reduce excess capacity and labor costs will drive double-digit profit margins by 2026. Up to 200 facilities are slated for closure over a five-year period. The optimization plan, code-named Network of the Future, is expected to…