Yellow Corp. pointed the finger at the International Brotherhood of Teamsters on Wednesday evening, saying the union is responsible for its “inability to make its monthly contribution to Central States Funds.” The less-than-truckload carrier made a request to Central States in June to defer upcoming benefits payments as it attempts to come to terms with…
The shipping industry has placed a massive bet on liquefied natural gas as an alternative fuel — as a bridge between traditional fuel oil and whatever comes next, whether it’s methanol, ammonia, hydrogen or something else. Shipowners have spent billions of dollars fitting ships to burn LNG. What if they’ve made an extremely expensive mistake?…
Less-than-truckload carrier XPO announced Wednesday a change at the chief financial officer position. Current CFO Carl Anderson is resigning effective Aug. 11 “to rejoin a former colleague in an industry where he worked for over a decade.” Anderson has been with XPO (NYSE: XPO) less than one year. Kyle Wismans, current senior vice president of…
While speculation throughout the industry rises over Yellow Corp.’s ultimate fate and some question which shippers and intermediaries have already stopped working with the company, one outfit has made it public that it won’t be placing loads with the less-than-truckload carrier. On Wednesday, a representative with broker Uber Freight (NYSE: UBER) confirmed to FreightWaves it…
Supply chain visibility platform IntelliTrans and rail equipment sensor provider Nexxiot are partnering to create a product aimed at providing asset-level monitoring in real time. The product will integrate Nexxiot’s data with IntelliTrans’ platform and enable IntelliTrans’ customers to receive real-time network insights, location monitoring and other IoT-sensing data, the companies said Tuesday. Nexxiot’s data…