Management from Old Dominion Freight Line noted demand has ticked up in recent days but didn’t attribute the increase to troubles at Yellow Corp. Over the last few days, shipments per day have increased from 47,000 to 50,000, however, management said it’s typical to see volumes step higher at the end of July. The carrier…
The B.C. Ministry of Transportation and Infrastructure said that as of Aug. 1, enforcement officers in the province may issue violation tickets to carriers who fail to equip a commercial […]
A Wednesday note to investors from Stephens, a financial services company, estimates that Yellow may soon breach a key requirement on its cash reserves. Based on a July 10 liquidity disclosure, Stephens estimated that Yellow was burning $4 million in cash each week in the second quarter of 2023. In that same filing, Yellow disclosed…
Uncertainties about consumer behavior and anticipated lower grain volumes are among the headwinds that are giving CN a bearish outlook for the second half of 2023, according to executives’ comments during the Canadian railway’s earnings call to discuss second-quarter 2023 financial results. “We can only forecast based on what our customers are telling us ……
By Alan Amling Editor’s note: The dust has barely settled on the tentative five-year contract reached Tuesday by UPS Inc. and the Teamsters union. There is no shortage of opinions. One of the more informed is that of Alan Amling, who spent 27 years at UPS, retiring in 2019 as vice president of corporate strategy….