Yellow limits pickups nationwide, leaked memo says

Yellow appears to be halting pickups in some areas of the Northeast, as well as Ohio, California and Texas, according to account executives who spoke to FreightWaves anonymously and company communication shared with FreightWaves.  Nationwide, Yellow said in a memo sent to employees and shared to FreightWaves on Tuesday it was “limiting” pickup operations in…

Zim downsizing its container ship fleet as demand disappoints

Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was first reported in late June and fresh details are now emerging. There have been reports this week of seven early charter terminations by Zim as well as two sublets. Two…