Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The marketâs brutal, sure, but for freight agents with the right tools, itâs prime hunting season. Hereâs how theyâre making it work.
Yellow Corp. ends its century-long service, resulting in job losses for 30,000 employees and reflecting a potential industry crisis.
After almost 100 years of service, Yellow Corp., a leading less-than-truckload (LTL) company, has ceased operations. Yellow, which ranks No. 13 on the Transport Topics Top 100 list of largest for-hire carriers in North America, has been grappling with severe financial difficulties. A catastrophic loss of volume due to shippers diverting freight to other LTL carriers, fears of a Teamsters strike, and a crushing debt of at least $1.5 billion have contributed to the company's downfall.
Yellow's shutdown has resulted in immediate job losses for its 30,000 employees and the closure of company-owned properties.
Source: Transport Topics
— Dooner đŽââ ïž (@TimothyDooner) July 30, 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 companyâs stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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