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Government, Business, Equipment, For-Hire

Used Truck Market Can Likely Handle Yellow Liquidation

Used trucks and trailers owned by bankrupt Yellow Corp. are set to come up for auction in unprecedented numbers, but the market can handle it, say observers.

Keiron Greenhalgh | Staff Reporter
August 31, 2023
Government, Business, Equipment, Safety, For-Hire

Flatbed and Cargo Safety Depends on Securement

Making sure flatbed cargo is secured for transit goes beyond meeting applicable regulations, which cannot cover every contingency, experts contend.

Stephen Bennett | Special to Transport Topics
August 28, 2023
Business, For-Hire

Yellow’s Terminals: Analysts Expect More Bids

Analysts are expecting more players to take part in an upcoming auction for the 169 terminals owned by Yellow Corp. beyond those who already have raised their hands.

Keiron Greenhalgh | Staff Reporter
August 24, 2023
Business, Logistics, For-Hire

Yellow’s Shutdown Opens Up LTL Market for Competitors

The Yellow Corp. shutdown is having a downstream effect on the less-than-truckload space as freight volumes flow toward competitors.

Connor D. Wolf | Staff Reporter
August 24, 2023
Business, Logistics, For-Hire

Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics

A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.

Keiron Greenhalgh | Staff Reporter
August 23, 2023
Business, Breaking News, For-Hire

UPS Workers Approve New Union Contract

The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.

Dan Ronan | Senior Reporter
August 22, 2023
Government, Business, Equipment, For-Hire

Estes Offers $1.3 Billion for Yellow Terminals

Estes Express Lines is in line to buy the terminals of bankrupt less-than-truckload rival Yellow Corp. after submitting a $1.3 billion bid, a court heard Aug. 17.

Keiron Greenhalgh | Staff Reporter
August 17, 2023
Government, Business, Equipment, For-Hire

Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders

An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.

Jonathan Randles | Bloomberg News
August 16, 2023
Government, Business, Equipment, For-Hire

Yellow Looks to Finalize Bankruptcy Loan

Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.

Keiron Greenhalgh | Staff Reporter
August 11, 2023
Business, Logistics, For-Hire

Forward Air Plans Merger With Omni Logistics

Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction.

Connor D. Wolf | Staff Reporter
August 10, 2023