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For-Hire News
Government, Business, Equipment, For-Hire

Yellow Looks to Finalize Bankruptcy Loan

Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.

Keiron Greenhalgh | Staff Reporter
August 11, 2023
Business, Logistics, For-Hire

Forward Air Plans Merger With Omni Logistics

Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction.

Connor D. Wolf | Staff Reporter
August 10, 2023
Business, Logistics, For-Hire

Trucking Industry Reports Predictably Weak Q2

The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.

Connor D. Wolf | Staff Reporter
August 10, 2023
Government, Business, For-Hire

Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts

Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.

August 9, 2023
Business, For-Hire

Searches for UPS Jobs Soar Following Union Deal

UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.

Azul Cibils Blaquier | Bloomberg News
August 8, 2023
Business, Logistics, For-Hire

UPS Lost More Business Than Expected on Strike Threat

Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.

Keiron Greenhalgh | Staff Reporter
August 8, 2023
Government, Business, Breaking News, For-Hire

Yellow Files for Chapter 11 Bankruptcy

Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.

Dan Ronan | Senior Reporter
August 7, 2023
Business, Logistics, For-Hire

XPO Reports Q2 Income, Revenue Decline

XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.

Dan Ronan | Senior Reporter
August 4, 2023
Government, Business, Logistics, For-Hire

Yellow Closure Reshuffles LTL Sector

Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.

Dan Ronan | Senior Reporter
August 3, 2023
Business, Logistics, For-Hire

Schneider Sees Drop in Q2 Earnings

Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.

Dan Ronan | Senior Reporter
August 3, 2023
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