A Thursday opinion from a federal bankruptcy judge said Yellow didn’t provide proper notification ahead of layoffs but its actions were in good faith, meaning the claims may be reduced.
Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.
Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.
A federal bankruptcy court has denied a request to reconsider its ruling on withdrawal liability claims against Yellow Corp.
A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.
Less-than-truckload carrier Saia saw a modest backup in financial results during the third quarter but reasserted confidence that it’s on the right path with its terminal growth strategy.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.
Yellow’s Chapter 11 plan before a federal bankruptcy court includes up to $100 million in payments to employees holding paid-time-off and commission claims.
A Wednesday court filing showed bankrupt Yellow Corp. will begin accepting indications of interest for its remaining terminals next week with the hope of closing the property sales in January.
A Delaware bankruptcy court denied a request to stay the deposition of Teamsters union leader Sean O’Brien regarding his involvement in failed negotiations with Yellow Corp. last year.
A Delaware bankruptcy judge said Friday that Yellow is on the hook for withdrawal liabilities but that the amounts will be capped.
Shortly after testifying about the days leading up to Yellow’s 2023 bankruptcy, its former head, Darren Hawkins, has taken on a new role leading the North American Chassis Pool Cooperative.
The BLS report for August showed another decline in truck transportation jobs and another increase in warehouse employment.
Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.
Teamsters union leader Sean O’Brien will have to appear at an in-person deposition that could determine the fate of up to $244 million in WARN Act claims against Yellow’s estate.
Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.
A shareholder-backed bankruptcy plan for Yellow Corp. would satisfy all allowed unsecured claims and leave shareholders with a real estate investment trust to manage the remaining properties.
Yellow Corp., which is close to submitting a final Chapter 11 plan, can retain real estate broker CBRE to sell its remaining terminals, a Delaware bankruptcy court said Friday.
Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.
Creditors to Yellow’s estate say professional fees are racking up while its advisers delay a realistic Chapter 11 plan in hopes of producing an unlikely recovery for shareholders.
Republican lawmakers are leaning on the Department of Justice to provide an update on an investigation into more than 60 multiemployer pension plans that were overpaid from a government bailout package.
Yellow’s non-pension-affiliated creditors as well as its shareholders may soon know the fate of their stake in the defunct less-than-truckload carrier’s estate.
Less-than-truckload carrier Saia announced two new terminal openings on Monday and said it will now open 18 to 21 terminals this year versus a prior expectation of 16.
Forward Air said Wednesday that interim Chief Financial Officer Jamie Pierson will assume that role on a permanent basis and that it has added James Faught as chief accounting officer.
Less-than-truckload carrier Saia continues to open terminals acquired from bankrupt Yellow Corp.
Forward Air announced it has hired two-time YRC Worldwide chief financial officer Jamie Pierson.
Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.
The outcome of nearly 25,000 claims by employees that Yellow Corp. gave inadequate notice before mass layoffs may not be resolved this year.
Less-than-truckload carrier Saia has opened two terminals as part of a plan to open up to 20 this year.
A Delaware bankruptcy court overseeing Yellow’s liquidation said Wednesday it will hear the case regarding nearly $8 billion in pension withdrawal liability claims against the estate.
Yellow’s breach-of-contract suit against the Teamsters union has been dismissed by a federal court in Kansas.
A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.
Yellow’s estate is roughly halfway through the liquidation of more than 300 terminals, a court order showed Friday.
2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.
A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.
A Delaware bankruptcy court approves the first round of Yellow’s terminal sales.
Yellow Corp. has reportedly rejected a bid that would resurrect the company from bankruptcy.
A Delaware bankruptcy court filing shows several prominent less-than-truckload carriers hold $1.9 billion in winning bids for 130 of Yellow’s terminals.
Saia’s fourth-quarter update shows it is retaining the freight it onboarded as a result of Yellow’s collapse.
A filing in a Delaware bankruptcy court said the auction for Yellow’s terminals is ongoing and that winning bids may not be revealed until Tuesday.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
Car hauler Jack Cooper Transport has been rumored to be behind a bid for Yellow Corp. just four years removed from its own bankruptcy.
A bankruptcy judge said Friday that Yellow Corp. can move forward with a plan to use liquidators to dispose of rolling stock.
Tuesday filings before a Delaware bankruptcy court are asking for the use of professional auction houses in the disposition of Yellow’s trucks and trailers.
American Trucking Associations CEO Chris Spear uses his annual address to urge motor carriers to fight for industry well-being.
Estes Express Lines was named the winning stalking horse bidder in Delaware bankruptcy court on Thursday.
Following the bankruptcy of trucking giant Yellow, some 22,000 union workers are unemployed. It may be a spooky sign for the labor movement.
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.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Bart De Muynck; Jon Adams; Hamish Woodrow; Lewie Pugh
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.
Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing.
Less-than-truckload carrier Saia sees freight surge in the first two weeks of August.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Aaron Peck; Mitch Violett; Kent Williams; Markel McCloud
An attorney for Yellow Corp. said Friday he’s hopeful to have in place by early next week a bankruptcy financing deal superior to what the company was previously offered.
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.
Yellow Corp. released second-quarter financials Wednesday following a bankruptcy petition earlier in the week.
In this edition: breaking down the 2023 FIFA Women’s World Cup, the unforeseen side effect of rising demand in Mexico, and Yellow officially declares Chapter 11 bankruptcy.
Yellow’s bankruptcy filing suggests that secured creditors are likely to be paid in full.
Less-than-truckload carrier Yellow Corp. on Sunday filed for bankruptcy, putting to end the 99-year-old trucking firm.
Less-than-truckload carrier XPO said it would add capacity to meet the increased demand created by Yellow’s departure.
Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.
A Yellow employee has filed a class-action lawsuit over the company’s failure to provide advance notices of mass layoffs.
Employees at Yellow Logistics were terminated Tuesday.
Less-than-truckload carrier Yellow Corp. is reported to be close to a deal with one of its current lenders to obtain debtor-in-possession financing to facilitate a bankruptcy.
In this edition: The fallout from Yellow’s anticipated bankruptcy, UPS loses big to FedEx, and Hub Group throws down against the competition.
Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.
Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations.
The Teamsters union said late Sunday it received a legal notice that Yellow Corp. will be filing bankruptcy.
Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.
On an earnings call with analysts, Saia’s CEO and CFO tried to address the pending collapse of Yellow without mentioning the company’s name.
ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.
On Thursday, Yellow Corp. said it is seeking a buyer for its logistics business and the union said negotiations have been fruitless.
The saga of less-than-truckload carrier Yellow may be coming to a close based on reporting that Yellow’s senior vice president of sales told staff their last day would be this Friday, and that the carrier would file for bankruptcy on Monday.
Even truckload companies are being asked how a Yellow collapse might benefit them; Covenant had an answer on its second-quarter earnings call.
At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.”
Industry watchers believe a Yellow bankruptcy is inevitable. Some of the company’s 30,000 employees are starting to feel nervous too.
Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.
A letter from the Teamsters negotiating committee on Tuesday showed it has been unable to come to terms with less-than-truckload carrier Yellow Corp.
“As a result of these unfortunate circumstances and the impact on the network, we are limiting pick-up operations in all terminals,” the memo states.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Central States extends health insurance coverage for Teamsters employees, averting a planned Monday strike at less-than-truckload carrier Yellow Corp.
The less-than-truckload sector has been disrupted by a very public dispute between Yellow and the Teamsters. Rates have already seemingly responded and may continue to see support.
Some 30,000 Yellow employees may find themselves unemployed. Yellow truck drivers said they’ll likely find work at nonunion shops.
A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday.
As less-than-truckload carrier Yellow Corp. faces a potential work stoppage by its largely union workforce, an action that would likely force it to close its doors, we take a look back at some of the top stories in the past year.
FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.
Less-than-truckload carrier Yellow Corp. says it’s the union’s fault for its cash-strapped predicament.
Truck broker Uber Freight said Wednesday it has decided to stop placing loads with Yellow Corp. as the carrier faces a potential worker strike.
Teamsters issued a strike notice at Yellow shortly after the carrier said it would defer two months of required benefits contributions.
In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned.
In this edition: What happens if Yellow and UPS stop delivering? And acquisition is Redwood’s game.
Brokers say some shippers are steering clear of the troubled trucking carrier. Other customers are flocking to Yellow.
Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.
A collective bargaining agreement between TForce Freight and the Teamsters comes 18 days before the current contract expires.
In this edition: When the pipeline turns to people; reefer markets take off; and Yellow lives to see another day.
Yellow has reached a waiver deal with a group of lenders that will give it some breathing room as it seeks to right its sinking ship.
Yellow Corp. sent a letter to the White House on Thursday seeking assistance in negotiating with the Teamsters.
Negotiations between the Teamsters union and Yellow Corp. remain ongoing, with the fate of the nation’s third-largest LTL carrier hanging in the balance. Yellow is facing stiff resistance from the Teamsters over proposed operational changes that would consolidate operations between purchased regional carriers New Penn and Holland and integrate them into Yellow’s nationwide network.
Some Wall Street analysts weigh in on which less-than-truckload carriers would most likely pick up the slack if Yellow shuts down.
