Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
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.
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.
Yellow Corp., the less-than-truckload carrier, is reported to be out of cash by August, unless a proposed change of operations gets approved. However, the Teamsters union, asserting years of company mismanagement, refuses to bail out Yellow again. Yellow had previously received billions from the union and a $700 million COVID-relief loan from the government. The proposed changes would allow Yellow to expand purchased transportation and alter work rules, which the union claims violate the current contract.
Source: FreightWaves
Teamsters brass said that less-than-truckload carrier Yellow Corp. informed them it will be out of money by August if a proposed change of operations isn’t approved. The union says Yellow has been mismanaged for years and vows to not bail it out again.https://t.co/Cx28ncjNPv
— FreightWaves (@FreightWaves) June 13, 2023
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!
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