In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
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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.
Nearly 1% of ALL truckers in America are likely to lose their jobs on Monday when Yellow files bankruptcy. 50k+ people. #Recession #Stocks pic.twitter.com/yqnKTFrcRG
— The Butcher of Wall Street Marcel Kalinovic (@BossBlunts1) July 27, 2023
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