Trucking companies are under close scrutiny, as the transportation sector contributes heavily to CO2 emissions, with trucks accounting for much of the growth in emissions from heavy-duty vehicles over recent decades.
Plus: Top 8 turkey producing states, cartel's trucking drug network uncovered, Macy's exposes $154M delivery expense fraud, and more.
Epay Manager’s F3 2024 rapid-fire demo showcased seamless TMS integration, AI-powered invoicing, and dispute resolution, helping freight brokers streamline workflows, save time, and improve cash flow. Watch the full demo now!
Yellow Corp. defers contributions, risking a Teamsters strike. The move is an attempt to conserve liquidity while securing additional financing.
Yellow Corp., a truckload carrier, may face a potential strike by its Teamsters workforce as the company has deferred its required contributions for June and July, to preserve liquidity while seeking additional financing. The deferrals, worth approximately $50 million, impact pension and healthcare payments for workers covered by Central States Funds. Despite possessing over $100 million in cash, Yellow’s attempt to defer payments is causing unrest among its workers and may lead to a strike if payments aren't made promptly.
Source: FreightWaves
I think the chances of an agreement between UPS and the Teamsters is far more likely than one between Yellow and the Teamsters.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) July 19, 2023
The Teamsters need UPS as much as UPS needs the Teamsters. Unfortunately, it looks like the Teamsters have already written Yellow off.
Windrose Semi reveals striking similarities to Tesla's design. Here are the features, performance, and industry implications of their electric truck.
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.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
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).
