BNSF’s net income for the second quarter of 2023 fell 24% year over year (y/y) from $1.66 billion to $1.26 billion. Parent company Berkshire Hathaway attributed the second-quarter earnings decline primarily to lower overall freight volumes and higher nonfuel operating costs, which were partially offset by lower fuel costs. Total revenues for the western U.S….
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Less-than-truckload carrier Yellow Corp. has filed for bankruptcy, putting to end the 99-year-old trucking firm. In its Chapter 11 filing in a Delaware court Sunday, the company estimated its assets and liabilities at $1 billion-$10 billion. “It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business,” said…
Daimler Truck CFO Jochen Goetz, an architect of the company’s split off from Daimler AG into a stand-alone company, died “suddenly and unexpectedly” on Saturday, the German truck maker said Sunday. Goetz, 52, was a member of Daimler Truck Holding AG’s Board of Management. Daimler did not reveal a cause of death. In a news…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A stronger Mexican peso could pose challenges for U.S.-Mexico trucking; Tesla seeks $100 million to build Semi truck charging stations; OmniTRAX taps a former Amazon exec to lead its Texas railroad; and cargo truck processing returns…