Ocean freight rates are rising due to supply constraints, route changes, and peak season prep. Here’s what’s driving the increases and what to expect next.
Arrive Logistics' May 2024 Freight Market Update reveals key trends, rising rates, and import forecasts. Here's a rundown of the latest insights on freight demand and supply.
The controversial story of G Face, "The King of Double Brokers," takes a turn with new information regarding his dealings with the Mexican Mafia and the U.S. Drug Enforcement Administration.
Yellow Corp. plans to sell Yellow Logistics Inc. amidst unresolved labor disputes and financial troubles. Potential bankruptcy looms as negotiations stall.
Yellow Corp. announced plans to sell its logistics unit, Yellow Logistics Inc., while concurrently struggling to negotiate with unions representing its less-than-truckload carrier segment. While no details about potential buyers or the unit's revenue were disclosed, it has been highlighted as one of the fastest-growing 3PLs in the industry. Meanwhile, ongoing labor disputes threaten Yellow Corp.'s financial stability, as it faces debt restructuring requirements and allegations of deliberately withholding contribution payments for employee benefits. These issues, alongside a potential strike, have raised concerns about the company's potential bankruptcy.
Source: FreightWaves
Yellow Logistics, a Third-Party Logistics Broker and Subsidiary of Yellow Corporation, Flourishes as Shippers and Vendors Turn to 3PL Logistics Providers$yell will sell it to pay the debts
— Dean (@Dean13151) July 27, 2023
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Levity helps fast-moving 3PLs and freight brokers to do more with less by automating the most time-consuming and repetitive email tasks.
Shipwell's sale of its brokerage arm to CloudTrucks allows the company to refocus on the core of its SaaS platform.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
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