Optym lands strategic investment from industry backer Venture 53
The undisclosed investment will support Optym’s enhance of transportation optimization solutions.
The undisclosed investment will support Optym’s enhance of transportation optimization solutions.
In this edition: The art of cold outreach; the ongoing autoworkers strike; and when will the next cyberattack come?
Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.
Estes Express Lines was named the winning stalking horse bidder in Delaware bankruptcy court on Thursday.
A U.S. bankruptcy judge approved several orders Friday, paving the way for Yellow to unload assets and repay creditors.
Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.
“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.
A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals.
Yellow Corp. told a judge Thursday that it has selected bankruptcy financing lenders and that Estes Express Lines has entered a $1.3 billion stalking horse bid for its terminals.
Inside this edition: FTC proposes to ban noncompetes; the nonshortage shortage of medicine; and Estes moves to hand down the family business.
Estes Express Lines announced Tuesday that Webb Estes has been named president and chief operating officer.
“We understand that the transition from Kuebix to MyCarrier may seem stressful for some of our shippers, but Estes, Trimble and MyCarrier are committed to simplifying the process,” said President and CEO Rob Estes.
No hace falta ser un experto para saber que el sector del transporte por carretera tiende a confiar demasiado en sus raíces heredadas. Después de todo, para un sector empresarial […]
The Top 500 list of the largest U.S.-based for-hire trucking fleets is ranked on the basis of tractor count.
‘’La conclusión es que nuestros empleados tienen muchas
oportunidades de trabajo si las quieren”’, dice Kalem
Central Freight Lines says rival LTL carrier Estes Express, based out of Richmond, Virginia, is interested in scooping up some of the Waco, Texas-based 2,100 drivers and employees, after FreightWaves broke the news Saturday that the LTL carrier was ceasing operations.
The CEO of North America’s largest privately held LTL carrier makes a passive investment in the digital freight-matching firm.
Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.
Keynoting a FreightWaves summit, Rob Estes, head of Estes Express Lines, says current conditions are unprecedented.
Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.
In today’s edition of The Daily Dash, it’s been one year since the collapse of Celadon, and FreightWaves talks to some former drivers. Plus, Estes has been hit with a COVID-related lawsuit and Covenant is bumping up driver pay.
Meanwhile, a suit against Amazon suggests federal or state agencies, not the courts, may be where disputes are settled.
Carriers, logistics businesses and technology providers make the cut in 2020.
Possible fines range from $13,000 to $130,000.
DDC FPO announced on Sept. 23 that Estes Express Lines will use its machine-learning, software-as-a-service (SaaS) program, DDC Intelligence, to mitigate its bill of lading volume.
As freight conditions continue to deteriorate, along with tariffs imposed on a variety of goods and a prolonged U.S.-China trade war, some less-than-truckload carriers are closely examining their operational budget to remain competitive.