Freight brokers face Q4 turbulence with tariffs, the end of de minimis, an 80% USPS traffic collapse, and a proposed $85B rail merger.
Our guest today is Samir Burdzovic, Founder at Elysium Enterprise. We go behind the scenes of their newest platform designed to help trucking companies, his thoughts on AI, and much more.
When invited to the grand opening of DHL Express Finlandās brand-new ā¬100M carbon-neutral terminal, you donāt say no.
Yellow Corp. shuts down after years of financial struggles. This move could lead to higher rates and benefits for rival carriers.
After years of financial troubles, Yellow Corp., laden with a $730 million government loan, has finally ceased operations. Here are some critical figures surrounding its closure:
Its exit is predicted to increase rates for former Yellow Corp. clients but benefit rival large LTL carriers.
Simultaneously, the Yellow Corp.'s bankruptcy highlights the risks associated with high-cost labor and Teamsters battles, suggesting that the alternative might lie in technology-driven solutions. Many logistics companies are turning to automation and process optimization to reduce labor dependency and improve margins.
Source: Logistics Management
If the Yellow bankruptcy highlights the risks of high-cost labor and Teamsters battles, what is the alternative?
— Benjamin Gordon šŗš¦šāļø (@benjaminhgordon) July 31, 2023
Increasingly, we are seeing smart logistics companies deploying technology to automate processes, reduce labor dependency, and create higher-margin supply chainā¦
FedEx Freight is delaying enforcement of new density-based LTL classification rules until Dec. 1. Shippers must still prepare for stricter data requirements.
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
The European unit could potentially fetch around $2 billion, based on industry estimates.
GLS Group divests US freight divisions to DC Logistics, focusing on parcel services. Deal closes Sept. 1, 2024. DC aims for top 20 LTL carrier status.
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