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The International Brotherhood of Teamsters said late Sunday that it had been notified that less-than-truckload carrier Yellow Corp. has ceased operations and will file for bankruptcy. “Today’s news is unfortunate but not surprising,” stated Sean O’Brien, Teamsters general president. “Yellow has historically proven that it could not manage itself despite billions of dollars in worker…
Hawaiian Airlines has commenced operating a second Airbus A330-300 cargo jet for Amazon on a new route between New York’s JFK airport and the retail behemoth’s West Coast air logistics hub in San Bernardino, California, the company reported in quarterly earnings Tuesday. Under a transportation services agreement that kicked in last year, Amazon (NASDAQ: AMZN)…
Less-than-truckload carrier Pitt Ohio announced it has expanded its next-day service in and out of New England, a Monday news release said. The Pittsburgh-based carrier, which primarily provides regional service in the Northeast, mid-Atlantic and Midwest, said the new service will now be offered out of three more terminals. The company said its previous standard…
Universal Logistics Holdings’ first-quarter results showed year-over-year (y/y) decreases in its trucking, intermodal and managed brokerage segments, while the company’s total revenue increased 12.5% to $491.9 million. “The first quarter was certainly a challenging environment for our transactional transportation business, but overall, I’m extremely pleased with our results,” CEO Tim Phillips said during an earnings…
Pitney Bowes CEO Marc Lautenbach continues in his job despite the election of four director candidates proposed by Hestia Capital Management to its board. Shareholders voted at the Pitney Bowes Inc. annual meeting Tuesday to approve four of the board candidates proposed by the investment firm. However, longtime IT executive Lance Rosenzweig, Hestia’s choice to…