Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
OTR Solutions launches OTR365 Ecosystem and OTRintelligence, combining AI-powered automation with 24/7 instant funding to transform freight factoring for carriers and brokers.
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
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
Join over 12K+ 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).
