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We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
The Teamsters union and Yellow Corp. are locked in a dispute over the "One Yellow" initiative. This plan, aimed at integrating Yellow's regional networks, faces resistance due to its potential impact on truck drivers' roles and job security.
Yellow Corp., a major U.S. trucking company, is in a dispute with the International Brotherhood of Teamsters over its "One Yellow" initiative, which seeks to consolidate its regional networks into one super-regional network, involving the closure of 24 facilities. This move could drastically alter the roles of nearly 1,000 truck drivers and has been met with resistance from the union. Despite Yellow's significant debt and the financial necessity of this consolidation, Teamsters' new president, Sean O’Brien, maintains a hard stance against the proposed changes, reflecting a shift from the union's historical leniency towards Yellow.
Source: FreightWaves
Abdul Jaludi knows his job as a driver at Yellow Corporation, one of the largest trucking fleets in the US, is better than most trucking gigs. He’s home most nights, gets paid vacation and sick leave, and “doesn’t pay a penny” for his medical benefits. https://t.co/ga8aLy5tQA
— FreightWaves (@FreightWaves) June 15, 2023
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
We are currently getting insider information from a freight broker who is dealing with this situation.
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