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Funny Freight Friday: Sometimes a meme is worth a thousand words.
Here's how Rapido is supporting cross-border freight operations between the US and Mexico, solving logistics challenges with expert advisory, staffing solutions, and strategic partnerships.
Yellow delays final paychecks to its laid-off employees by a day and has $92.9M in vacation pay up in the air after bankruptcy.
Yellow, having recently filed for bankruptcy, announced that its employees expecting their final paychecks on Thursday will instead receive them on Friday, due to a court hearing. The company, ceasing operations on July 28, laid off the majority of its 30,000 workforce. Amidst this, $92.9 million in vacation pay for employees remains uncertain. Two non-Teamster-represented employees stated they got their final payments but no compensation for unused vacation time. The Teamsters organization has publicly critiqued Yellow's decisions and expressed support for the affected members. The company has sought bankruptcy protection multiple times in the last 15 years and previously received a $700 million U.S. Treasury loan in 2020.
NEW: Yellow truck drivers and dockworkers told me they didn't receive their paycheck today — which was supposed to be the last one before the trucking giant shuttered operations$YELL said they will pay tomorrow
— Rachel Premack (@rrpre) August 10, 2023
$92.9M in PTO pay remains in limbo https://t.co/NTqMbXlGnM
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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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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