Daily Infographic: How much money does Amazon make on Prime Day?
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FPInnovations completes baseline tests for off-road platooning project
FPInnovations says it has completed baseline tests for its off-highway truck platooning project, which aims to improve efficiency in Canada’s forestry sector while addressing the lack of qualified drivers. The […]
Yellow customers see danger and opportunity in Teamsters fracas
Yellow (NASDAQ: YELL) just narrowly avoided bankruptcy for the fifth time since 2009. The potential for collapse is still looming, though. That’s scaring some customers off, according to three brokers and two industry experts interviewed by FreightWaves. Recent notes from investment banks like Bank of America and Stifel have also pointed to customers quietly diverting…
Strike risk rises as Yellow punts on more than $50M in required contributions
A delinquency notice was issued Monday showing less-than-truckload carrier Yellow Corp. failed to make required contributions to health and welfare and pension funds for the month of June and that it is planning to withhold payments for July. The two periods total more than $50 million, according to a letter from Central States board of…
DAT, Convoy drop lawsuits against each other
Load board DAT Solutions and digital freight brokerage Convoy have agreed to drop their lawsuits against each other, according to a notice filed by the two companies’ attorneys on Monday in an Oregon federal district court. The notice specifies that the parties agreed to dismiss their claims “with prejudice,” meaning that neither party can refile…