Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.

Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.

XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.

Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.

Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.

Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.

Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.

Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.

Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people with knowledge of the matter.

Local union leaders voted in favor of a tentative labor agreement that UPS and the Teamsters reached July 25, an important step toward finalizing a deal that covers about 340,000 workers.