Lower shipment weights and the loss of some project freight won in the early days of Yellow Corp.’s wind-down a year ago weighed on metrics at ArcBest’s asset-based unit in August. The company’s asset-based segment, which includes results from less-than-truckload carrier ABF Freight, saw tonnage fall 10% year over year in August, following a 12.5%…
Oil markets are in the middle of a major downward rout, and the weekly retail diesel benchmark price used for most fuel surcharges is having trouble keeping up with the sell-off in the futures market. The Department of Energy/Energy Information Administration average retail diesel price fell 2.6 cents a gallon to $3.625 in a price…
A final Chapter 11 plan to liquidate Yellow’s remaining assets could include a reorganization wherein the defunct company’s major shareholders backstop a rights offering to stand up a subleasing or real estate investment trust to manage the remaining properties. The plan would include the payment of all allowed general unsecured claims, leaving the reorganized equity…
Trucking industry leaders are finally starting to feel better about the state of the market. That optimism could be a crucial part of actually arriving at a better future. Every quarter, Truckstop and Bloomberg team up to poll industry leaders about their current market sentiments. The surveys paint a powerful picture of how perception is…
The need for change in the logistics industry Despite the ongoing surge of technological advances throughout the logistics industry, many companies struggle with persistent inefficiencies. These challenges are not just minor inconveniences but critical bottlenecks that can significantly impact a company’s bottom line and competitive edge. The cost of these inefficiencies goes beyond operational hiccups;…