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The post FreightWaves Infographics: Estes acquires 7 leased terminals from Yellow appeared first on FreightWaves.
The post FreightWaves Infographics: Estes acquires 7 leased terminals from Yellow appeared first on FreightWaves.
Yellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the less-than-truckload carrier will file bankruptcy on Monday, according to three employees who attended the video call. Yellow (NASDAQ: YELL) is the third-largest LTL company and employs some 30,000 workers, including around 22,000 Teamsters members. The…
Retail diesel prices measured by the benchmark Department of Energy/Energy Information Administration average price have now risen four consecutive weeks. This week’s number was up 5.2 cents a gallon to $3.865. It’s the highest level since a posting of $3.894 on May 6. The four consecutive weeks of increases in the price used for most…
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)…
Battery electric trucks face cost headwinds (Photo: Jim Allen/FreightWaves) Recent releases by Ryder System and Knight-Swift highlight the growing awareness of the added costs required for fleets that face increased pressure to transition to electric vehicles. A major challenge for long-haul trucking is cost, and current incentives from the Inflation Reduction Act only cover up…
An Illinois-based trucking and logistics company, which contracted with the U.S. Postal Service to haul mail and had over 650 employees, including more than 480 drivers, abruptly ceased operations Thursday, according to sources familiar with the closure. Former truck drivers for Midwest Transport Inc. (MTI), headquartered in Robinson, Illinois, told FreightWaves that they received telephone…
WASHINGTON — An owner-operator-backed bill aimed at preventing a speed mandate for trucks is getting heavy pushback from safety groups aligning with small-business trucking’s big-business competition. A coalition that includes Advocates for Highway and Auto Safety, the Truck Safety Coalition, the National Safety Council (NSC) and Road Safe America are lobbying lawmakers to oppose the…