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.
August 22, 2023Top 100 For-Hire | Less-Than-Truckload | Truckload/Dedicated | Intermodal/Drayage | Motor Vehicle/Driveaway | Tank/Bulk
Air/Expedited | Refrigerated | Flatbed/Heavy Specialized | Package/Courier | Household Goods/Commercial | Mail
Top Refrigerated (Truckload & LTL) Carriers
No rankings are available for this year.
Extras
UPS Workers Approve New Union Contract
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.
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.
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.
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.
Trucking Industry Reports Predictably Weak Q2
The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.
August 9, 2023Searches for UPS Jobs Soar Following Union Deal
UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.
UPS Lost More Business Than Expected on Strike Threat
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 Files for Chapter 11 Bankruptcy
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.