Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
Class-action suit targets Yellow Corp. for violating WARN Act through abrupt layoffs. Seeks damages for employees across all subsidiaries.
Yellow Corp. faces a class-action suit for allegedly violating the Worker Adjustment and Retraining Notification (WARN) Act by not providing a 60-day layoff notice to its 30,000 employees. The suit, led by former employee Armando Rivera, seeks damages, including wages, benefits, and severance pay for affected employees.
Yellow is accused of abruptly terminating its workers across its subsidiaries, YRC Freight, Holland, New Penn, and Reddaway, without advance notice, amidst a rapid shift in operations and looming bankruptcy. The plaintiffs will argue against the WARN Act's exceptions for sudden company shutdowns, while Yellow is likely to justify its actions with arguments of 'unforeseeable business circumstances' and financing efforts.
I'm WARNing You.
— Matthew Leffler (@ArmchairAtty) August 3, 2023
Yellow is facing a lawsuit for allegedly failing to provide the required 60-day advance notice to nearly 30,000 workers ahead of a mass layoff that began last week. Yellow's impending bankruptcy could challenge the conditions under which union contracts survive…
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
Less-than-truckload carrier, Yellow Corp., has filed a $137 million lawsuit against the Teamsters union amid a severe financial crisis.
Less-than-truckload carrier Yellow Corp. faces a financial crisis, potentially running out of cash by August. The Teamsters union, citing past mismanagement, refuses another bailout.
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