Central States extends health insurance coverage for Teamsters employees, averting a planned Monday strike at less-than-truckload carrier Yellow Corp.
A Kansas judge on Friday denied Yellow Corp.’s request to halt a strike by the Teamsters, which the company says will force it into bankruptcy.
A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday.
Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.
Pam Transportation Services reported a sharp decline in earnings during the second quarter.
Less-than-truckload carrier Yellow Corp. says it’s the union’s fault for its cash-strapped predicament.
Less-than-truckload carrier XPO said its chief financial officer is leaving and that it has filled the role internally.
Truck broker Uber Freight said Wednesday it has decided to stop placing loads with Yellow Corp. as the carrier faces a potential worker strike.
Mark Manera talks driver fitness at FreightWaves’ Enterprise Fleet Summit.
Teamsters issued a strike notice at Yellow shortly after the carrier said it would defer two months of required benefits contributions.
J.B. Hunt Transport Services missed second-quarter expectations Tuesday and said it is still uncertain how peak season will play out.
In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned.
Logistics real estate giant Prologis beat second-quarter estimates Tuesday but lowered its rent growth forecast for 2023 as the market cools from peak activity.
Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
The Logistics Managers’ Index registered another all-time low in June as inventories throughout the supply chain continued to contract.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
Less-than-truckload carrier ABF Freight announced a new five-year collective bargaining agreement has been ratified by its union employees.
Yellow Corp. sent a letter to the White House on Thursday seeking assistance in negotiating with the Teamsters.
Some Wall Street analysts weigh in on which less-than-truckload carriers would most likely pick up the slack if Yellow shuts down.
Shares of Yellow Corp. plummeted Tuesday as a lawsuit against Teamsters revealed the company’s options are dwindling and it will be out of cash in a few weeks.
Logistics warehouse owner Prologis announced Monday the $3.1 billion acquisition of an industrial real estate portfolio owned by Blackstone.
The National Motor Freight Traffic Association said less-than-truckload industry participants are seeing benefits from using electronic bills of lading.
XPO announced the completion of a capacity expansion project in the Western part of its network.
Less-than-truckload carrier Yellow Corp. has asked pension and health and welfare fund plan administrators for a two-month extension.
Roadrunner has announced more long-haul, direct service lanes.
Some brands are looking to their supply chain to gain a competitive advantage.
ABF Freight has outlined the details of its new labor agreement with its union employees.
Broker RXO said it was continuing to execute on longer-term goals even as the freight market awaits the next catalyst.
Management from J.B. Hunt said it needs to see more data before making a call that the industry is exiting a freight recession.
Freight volumes and spending fell sharply in May, but Cass Information Systems maintains an outlook that the bottom of the cycle is near.
The latest exchange between the Teamsters union and Yellow Corp. suggests the carrier is running out of time and money.
Less-than-truckload carrier Yellow reported another large drop in volumes Friday after the market closed.
ArcBest holds on to tonnage growth in the April-May period but yields take a notable step lower.
ArcBest announced Thursday that its chief yield officer is stepping down and will be replaced internally.
Trappers Transport announced Wednesday it has acquired Plett Trucking in a deal that combines two Winnipeg, Canada-based temperature-controlled transportation and logistics providers.
Less-than-truckload carrier ABF Freight announced Wednesday that it reached a tentative labor agreement with the Teamsters.
Prologis said the recent interest in logistics space in Mexico is just the beginning of what could be decades of demand.
Less-than-truckload provider Forward Air said Tuesday that demand momentum has improved as the second quarter has progressed.
Yellow and the Teamsters appear to be moving further apart on reaching a deal anytime soon.
Less-than-truckload carrier XPO reported another modest tonnage decline in May, which was in line with trends at Saia and much better than Old Dominion’s report.
The Logistics Managers’ Index registered contraction for the first time ever in May as transportation-related metrics weighed heavily on the data set.
Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.
Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.
RIST Transport acquired less-than-truckload peer AMA Transportation in a deal that creates a major regional player in the Northeast, according to an industry insider.
Ikea announced it has acquired cloud-based supply chain and warehouse management software provider Made4net.
Supply chain visibility provider Descartes beat first-quarter estimates, and management said they are optimistic about recent trends.
Alterna Equity Partners announced Wednesday the acquisition of waste and industrial materials carriers Attaway Hauling and Choice Bulk Carriers.
The Teamsters union has authorized a strike at ABF Freight.
Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.
Forwarder Worldwide Logistics Group announced it has acquired customs brokerage P. W. Bellingall.
Intermodal executives from J.B. Hunt and Schneider are hopeful for improving demand in the second half of 2023 but acknowledge it’s still too early to tell.
Trimac Transportation completes the acquisition of propane and butane carrier Transport Sylvain Lasalle.
Transportation and logistics conglomerate R&R Express announced its second deal of the year on Monday.
An annual survey from Descartes shows how brokers and forwarders are adjusting to the downside of the cycle.
Roadrunner announced Wednesday further enhancements in many of the less-than-truckload lanes it operates.
Less-than-truckload carrier Yellow Corp. sees its credit ratings fall further as it attempts to hash out a deal with the Teamsters.
Data published Monday from freight payments provider Cass says the industry may be close to entering a new cycle.
AskWaves looks at how cross-border LTL demand may change as supply chain maps are redrawn.
Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.
Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.
Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.
Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.
Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.
Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.
The Logistics Managers’ Index hit a new low in April as transportation metrics weighed on the data set.
Canadian trucking and logistics provider Mullen Group announced the acquisition of less-than-truckload and truckload carrier B. & R. Eckel’s Transport.
Truckload carrier Heartland Express missed first-quarter expectations.
Saia’s revenue trends in April are much better than its less-than-truckload peers.
ArcBest on Friday stood by its strategy to take on lower-margin business.
Trimac Transportation said Thursday it has completed the acquisition of AIP Logistics.
Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.
Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.
Link Logistics maintained high occupancy and rent growth in the first quarter.
Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.
Yellow Corp. has approved the Teamsters’ selection to the company’s board of directors.
Pam Transportation saw first-quarter earnings fall as the truckload market searches for a bottom.
Yellow confirms that it has asked the Teamsters to open up the National Master Freight Agreement a year early as talks around proposed network changes have stalled.
Schneider said Friday it will be a strategic intermodal carrier for the Canadian Pacific Kansas City rail line from Mexico to Chicago.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
XPO fills vacant chief operating officer role with an Old Dominion veteran.
Logistics real estate operator Prologis believes headwinds facing the supply side will prop up occupancy and rents into 2024.
Warehouse operator Prologis reported first-quarter results in line with expectations Tuesday.
J.B. Hunt missed first-quarter expectations Monday as weak intermodal and trucking trends plagued the quarter.
J.B. Hunt Transport Services missed analyst expectations for the first quarter on Monday.
Transportation shipments and rates back up during March, according to Cass Information Systems.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
Truckload rates will continue falling at a steep rate in the second quarter while less-than-truckload rates level, a report from a large 3PL asserts.
A first-quarter survey of shippers showed inventories are being drawn down and that a second-half freight recovery remains in play.
Forward Air said Monday it is adding an intermodal drayage operation in Linden, New Jersey, to serve Port Newark.
ArcBest announced Thursday that Treasurer Matt Beasley will assume the role of chief financial officer in May.
Yellow Corp. calls out Teamsters union officials for negotiating in bad faith and says it has the votes to push through its proposed operational changes.
Radiant Logistics said Monday it has completed a financial restatement process that resulted in very minor changes.
The Teamsters union fires another shot at Yellow Corp. in a battle over proposed changes to operations.
AskWaves takes a look at the trade group that sets freight classifications for the less-than-truckload industry and where it’s headed.
The Teamsters union said Thursday it has rejected less-than-truckload carrier Yellow Corp.’s plan to restructure operations at more than 200 terminals.
Temperature-controlled warehouse operator RLS Logistics has planted a flag in the Midwest.
Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.
La adquisición de U.S. Xpress por 808 millones de dólares no frenará sus planes de crecimiento
In a first-quarter earnings preview, Deutsche Bank analyst Amit Mehrotra said he expects an in-line type quarter but voiced some concerns.