DOT Blitz Week starts tomorrow, and brokers are bracing for one of the toughest weeks in years. Plus: $10.1M in stolen freight leads to five years in prison, Forward Air loses 40% of its value, diesel prices hit produce costs, and more.
Aurora's driverless trucks are moving real loads between Dallas and Houston right now, and nobody is in the cab. Plus: RXO signals a strong freight rebound, Ken Adamo joins Ease Logistics, rail got faster to Mexico, and more.
Aurora signed two major partnerships in one week. Spot rates just hit an all-time high. A Chicago cross-dock blew up Reddit over how shippers load trailers. And someone dug into Super Ego's carrier network — the safety scores are not okay.
Yellow Corp. accuses Teamsters of causing its financial crisis, leading to benefit payment deferment and potential labor strike threats.
Yellow Corp. blamed the International Brotherhood of Teamsters for its inability to make monthly contributions to the Central States Funds. Yellow sought a payment deferral due to ongoing negotiation with the Teamsters and the quest for additional funding. The company filed a $137 million lawsuit against the union alleging breaches of the collective bargaining agreement. Yellow proposes consolidating terminals, increasing labor efficiency, and lowering cost structure for competitive edge.
While Yellow offered significant wage increases, Teamsters viewed this as a rescue attempt for the struggling freight company. With missed plan contributions and potential labor strikes looming, Yellow seeks meaningful negotiations to overcome the crisis.
Source: FreightWaves
Someone should be asking why it's only the Central States Fund that is not extending benefits to it's members. The Western States and New England funds have not threatened to withold benefits. Central States received $36 billion federal bailout in December.
— Crisis Line (@slapythesnowman) July 20, 2023
Yellow’s statement tonight is telling-
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) July 20, 2023
“The 22,000 Teamsters employed by Yellow as well as the 8,000 non-union employees may soon become the Teamsters collateral damage.”
Dying words, unfortunately. pic.twitter.com/hyGVm0zKOF
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
Join over 14K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
