The U.S. just slapped a 25% tariff on steel and aluminum imports. Plus: Super Bowl freight surged 38%, a $600K chassis theft ring was busted at the Port of LA, and Amazon’s strong Q4 fueled speculation about an Old Dominion acquisition.
Yellow, the freight shipping company, is reportedly limiting pickup operations nationwide. The decision follows a significant drop in shipments due to the threat of a strike. In an internal memo leaked to FreightWaves, the company said that it is focusing on delivering existing shipments and ongoing communication with employees amid union discussions. Employees revealed that Yellow ceased pickups in the Northeast, Ohio, California, and Texas.
Customers have been pulling their freight from Yellow amidst bankruptcy fears. Yellow has been financially struggling since the Great Recession, and according to a Morgan Stanley survey, 97% of shippers working with Yellow are considering shifting to other companies.
Most don’t understand how YUGE this is, people in logistics do. I own transportation company over 20 years (longer than I trade) has been worst year in transport I’ve ever seen but this if goes to cleaners is big supply chain mess. Largest LTL carrier in USA , Walmart, Uber… https://t.co/zjgzPy57LK
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.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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