On today’s episode of WHAT THE TRUCK?!? Dooner is talking about the impending bankruptcy at Yellow that’s reported to go down Monday. What’s next for the company, what are employees saying and what options are out there for the displaced? CNBC’s Lori Ann LaRocco gets us up to date on labor action at West Coast…
This week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
Universal Logistics Holdings posted second-quarter revenue decreases in its trucking, brokerage and intermodal segments due to declines in freight volumes and rates, company officials said. Operating revenue in Universal Logistics’ trucking division decreased 24% year over year (y/y) to $81.2 million, compared to $106.5 million for the same period last year. Total revenue in the…
Yellow, the third-largest less-than-truckload company that’s in the midst of financial chaos, is laying off an unknown number of office employees, most of which were nonunion. Employees were notified of the layoffs on Friday morning in voice-only calls. At least three executives laid off large portions of their teams: Yellow Chief Information Officer Annlea Rumfola…
In a week that saw the field of viable autonomous trucking developers shrink again — more on Waymo Via waving buh-bye for now below — Aurora Innovation (NASDAQ: AUR) disclosed that T. Rowe Price Investment Management Inc. purchased $125 million of new stock issued in a $600 million private placement. Uber Technologies, already a major…