Why Now Is the Best Time to Be an Independent Freight Agent
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
Yellow Corp. ends its century-long service, resulting in job losses for 30,000 employees and reflecting a potential industry crisis.
After almost 100 years of service, Yellow Corp., a leading less-than-truckload (LTL) company, has ceased operations. Yellow, which ranks No. 13 on the Transport Topics Top 100 list of largest for-hire carriers in North America, has been grappling with severe financial difficulties. A catastrophic loss of volume due to shippers diverting freight to other LTL carriers, fears of a Teamsters strike, and a crushing debt of at least $1.5 billion have contributed to the company's downfall.
Yellow's shutdown has resulted in immediate job losses for its 30,000 employees and the closure of company-owned properties.
Source: Transport Topics
— Dooner 🏴☠️ (@TimothyDooner) July 30, 2023
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).