We sat down with Nate Johnson, the CEO of GLCS, to unpack the critical role of authenticity in leadership and what it really takes to stay ahead of cyber threats. Plus, our featured carrier this week.
Plus: Canada backs off digital tax after tariff threats, Werner beats a $100M verdict, Samsara teams up with HappyRobot to bring AI voice into freight ops... and more in today's newsletter.
Samsara aims to improve its services with investment with HappyRobot
Amid mixed signals, Yellow Corp, the third-largest LTL company, may be on the brink of bankruptcy, posing a significant impact on the logistics sector.
Yellow Corporation, the third-largest LTL company in the US, seems to be on the brink of bankruptcy, as indicated by the company's SVP of sales during a video call with staff. It was communicated that the company planned to file bankruptcy on Monday and that Friday would be the last day for sales staff. Although the company backtracked on the bankruptcy statement later, the initial announcement sent shockwaves through the company's workforce of 30,000.
The flip-flopping narrative has created a cloud of uncertainty over the trucking company's fate, raising questions about its financial stability and future course of action. Such a bankruptcy could significantly impact the logistics and transportation sectors.
Nearly 1% of ALL truckers in America are likely to lose their jobs on Monday when Yellow files bankruptcy. 50k+ people. #Recession #Stocks pic.twitter.com/yqnKTFrcRG
— The Butcher of Wall Street Marcel Kalinovic (@BossBlunts1) July 27, 2023
The CVSA is renewing its push for electronic truck IDs and extensive safety reforms
New FMCSA rules on English proficiency go into effect June 25. Trucking schools and fleets are pivoting.
Federal charges have been brought against Texas-based Shaquan Jelks for managing trucking firms in violation of FMCSA shutdown orders, misusing PPP funds, and obstructing safety investigations.
Senate bill proposes mandatory English tests for new truck drivers before CDL approval.
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