less-than-truckload News Updates

The U.S. Court of Appeals for the Third Circuit affirmed a September 2024 decision by Judge Craig Goldblatt that left Yellow on the hook for $6.5 billion in claims by the pension plans.

On a panel at the FTR conference, when asked how the reclassification was going so far, Echo Global Logistics Senior Vice President Marty Martin said: “I’d put it in the TBD category.”

Three more less-than-truckload service terminals once operated by Yellow are close to finding new owners, including two in Canada, according to a court filing.

The Phoenix-based truckload motor carrier posted net income of $34.2 million, or 21 cents a diluted share, for the three months ending June 30. That was 68.7% higher than last year.

Carriers across the various segments of the trucking industry navigated difficult business conditions in 2024 as freight market conditions remained unfavorable.

Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.

FitzMark expanded its footprint in the freight brokerage sector by acquiring High Point Logistics and Pentonix Freight.

Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.

Goodyear has introduced the Cooper WORK Series Regional Haul All-position 2, a SmartWay-verified commercial truck tire designed for superregional and less-than-truckload fleets.

FTR expects contract truckload rates to increase 2.2% on a full-year basis in 2025, adding that by the end of 2025, contract rates will be rising 5% year on year.