Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
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.
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
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.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
