Freight broker survival tips for Q2 2025 and beyond: boost margins, adopt tech, avoid fraud, and stay competitive in a volatile freight market.
Plus, the latest on CDL bribery schemes, one freight company's Trump meme bet, severe weather impacting freight, and more.
Fraudulent CDL schemes in Washington and Massachusetts reveal unqualified drivers passed with bribes.
Yellow Corp. defers contributions, risking a Teamsters strike. The move is an attempt to conserve liquidity while securing additional financing.
Yellow Corp., a truckload carrier, may face a potential strike by its Teamsters workforce as the company has deferred its required contributions for June and July, to preserve liquidity while seeking additional financing. The deferrals, worth approximately $50 million, impact pension and healthcare payments for workers covered by Central States Funds. Despite possessing over $100 million in cash, Yellow’s attempt to defer payments is causing unrest among its workers and may lead to a strike if payments aren't made promptly.
Source: FreightWaves
I think the chances of an agreement between UPS and the Teamsters is far more likely than one between Yellow and the Teamsters.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) July 19, 2023
The Teamsters need UPS as much as UPS needs the Teamsters. Unfortunately, it looks like the Teamsters have already written Yellow off.
Fraudulent CDL schemes in Washington and Massachusetts reveal unqualified drivers passed with bribes.
U.S. trucking firms, including Balkan Express, file Chapter 11 amid market strain; FreightWaves tracks 2025 closures.
Today we sat down with Angie Twardawa, Co-Founder of RoadLites, a safety lighting solutions brand. She shares insights into their innovative products, the latest advancements in safety lighting, and how regulations and features differ between Europe and the U.S.
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
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