Court won’t hear Berkshire claims over Haslam’s Pilot payments next month

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The Haslam family and Berkshire Hathaway will square off in a Delaware court next month in their...

https://www.freightwaves.com/news/court-wont-hear-berkshire-claims-over-haslams-pilot-payments-next-month

Jacobs leading takeover of software company as he readies next move

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Brad Jacobs has chosen the vessel for his next act.

The man who put together the XPO freight...

https://www.freightwaves.com/news/jacobs-leading-takeover-of-software-company-as-he-readies-next-move

Amerijet feels financial pinch as cargo business deteriorates

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Amerijet, racing to reverse the cargo airline’s negative cash flow after the recent firing of CEO...

https://www.freightwaves.com/news/amerijet-feels-financial-pinch-as-cargo-business-deteriorates

Auction for Yellow’s terminals ‘remains ongoing’

An auction for Yellow Corp.’s terminals hasn’t ended yet, a Delaware court filing revealed late Friday.

The auction for the bankrupt company’s less-than-truckload terminals began Tuesday morning, with an expectation that winning bids would be revealed Friday. The court document said it may now be Tuesday (Dec. 5) before the new owners of the service centers are made public.

Yellow operated roughly 300 terminals before it ceased operations at the end of July. Some of its property leases have...

https://www.freightwaves.com/news/auction-for-yellows-terminals-remains-ongoing

BMO’s transportation sector data suggests trucking credit markets worsening

The fiscal fourth-quarter earnings of major trucking lender BMO, the former Bank of Montreal, appear to show a sudden and significant weakening of trucking credit metrics.

BMO’s transportation bank of business — its gross loans and acceptances — rose to approximately CA$15.7 billion ($11.6 billion) in the quarter, its highest on record. But within that rising book of business, gross impaired loans climbed to CA$170 million, up from CA$113 million a quarter earlier — a more than 50% increase —...

https://www.freightwaves.com/news/bmos-transportation-sector-data-suggests-trucking-credit-markets-worsening

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