Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Amid mixed signals, Yellow Corp, the third-largest LTL company, may be on the brink of bankruptcy, posing a significant impact on the logistics sector.
Yellow Corporation, the third-largest LTL company in the US, seems to be on the brink of bankruptcy, as indicated by the company's SVP of sales during a video call with staff. It was communicated that the company planned to file bankruptcy on Monday and that Friday would be the last day for sales staff. Although the company backtracked on the bankruptcy statement later, the initial announcement sent shockwaves through the company's workforce of 30,000.
The flip-flopping narrative has created a cloud of uncertainty over the trucking company's fate, raising questions about its financial stability and future course of action. Such a bankruptcy could significantly impact the logistics and transportation sectors.
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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