A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In the latest episode of "The Freight Caviar Podcast", we sit down with Danny Frisco, CEO & Co-Founder at Rapido Solutions Group. He discusses the advantages and disadvantages of outsourcing and Rapido's future growth plans.
Plus, an EV maker partners with Ryder to test a hybrid diesel system, HappyRobot releases an AI update for brokers, and load board traffic declines over the past 3 months.
After years of financial troubles, Yellow Corp., laden with a $730 million government loan, has finally ceased operations. Here are some critical figures surrounding its closure:
Yellow Corp. held about 7% of the nation's 720,000 daily LTL shipments last year.
Due to recession fears, an estimated 8% to 10% excess capacity in the LTL sector will likely absorb the impact of Yellow Corp.'s cessation.
The closure leaves unionized carriers with approximately a 22% share of the LTL market.
The debt includes a $730 million loan from the federal government, making U.S. taxpayers a 30% equity stakeholder in Yellow.
Its exit is predicted to increase rates for former Yellow Corp. clients but benefit rival large LTL carriers.
Simultaneously, the Yellow Corp.'s bankruptcy highlights the risks associated with high-cost labor and Teamsters battles, suggesting that the alternative might lie in technology-driven solutions. Many logistics companies are turning to automation and process optimization to reduce labor dependency and improve margins.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
[Alexandria, VA, December 20, 2023] — The Transportation Intermediaries Association (TIA) is excited to welcome Curtis Garrett, founder of Understand LTL,
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