Earlier this month, less-than-truckload giant Yellow filed for bankruptcy, leading to over 30,000 lost jobs and an intense bidding war over the defunct company’s terminals. It also led to a sudden LTL capacity nosedive.
The market is still depressed, but recent layoffs and closures have fueled enough uncertainty to make some players wonder about changing market tides.
“The LTL industry is unique right now. Rates are increasing and yet carriers are laying off, or in Yellow’s case, closing their...
https://www.freightwaves.com/news/is-there-relief-in-sight-for-trucking-companies