Plus: New Mexico tops winter crash rates, Freight Essentials files a RICO case against WWEX, C.H. Robinson partners with Highway to combat fraud, and more.
"The study shows where truck drivers face the most threat in winter. Icy roads and poor visibility not only put lives at risk but also disrupt critical supply chains during the festive season."
Here’s How to Get That Time Back.
Struggling truckload carrier Yellow Corp. gains a reprieve from lenders, waiving certain financial targets, and giving the company time to navigate challenges from the Teamsters union and bankruptcy threats.
Yellow Corp., a less-than-truckload carrier, has negotiated a deal with its lenders that absolves it from meeting certain financial targets. In exchange for this leeway, Yellow Corp. has agreed to a series of stipulations, including reporting to a third-party "operational adviser." This agreement gives Yellow Corp. the breathing space it needs to navigate ongoing conflicts with the Teamsters Union and potential bankruptcy threats. The company also sold a terminal in Compton, California, for $80 million as part of its reorganization efforts to pay off over $1.3 billion in loans and right its balance sheet.
Source: WSJ
Yellow Trucking should be targeted
— dahnaad ahshaad (@ahshaad) July 10, 2023
for a financial investigation by the
GOP Congress, & soon to be out of
money, after blowing a $700 Million
taxpayer backed loan from former
president donald trump in 2019, not
a peep from crime fighter mccarthy pic.twitter.com/dfHGNgBOEP
Windrose Semi reveals striking similarities to Tesla's design. Here are the features, performance, and industry implications of their electric truck.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
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).
