Less than Truckload (LTL)

Yellow’s 325-door California terminal fetches $55M

In dribs and drabs, bankrupt Yellow Corp.’s handlers continue to liquidate assets. A Tuesday filing with the U.S. Bankruptcy Court in Delaware showed the estate will fetch $55 million for terminating a lease on a 325-door property in Bloomington, California.

The filing said the offer represents the “highest or otherwise best value for the Lease” after Yellow (OTC: YELLQ) marketed the property for 20 months through its broker CBRE and its bankruptcy adviser Ducera.

The landlord is listed as NATMI...

https://www.freightwaves.com/news/yellows-325-door-california-terminal-fetches-55m

Yellow creditors’ battle over $550M-plus carcass heats up

Yellow Corp. and some of its creditors remain at odds over a final bankruptcy plan for the liquidation and distribution of the estate’s remaining assets, which now include $550 million in cash. The bankrupt less-than-truckload carrier’s unsecured creditors told a federal bankruptcy court in Delaware on Monday that it would submit its own plan in the coming days.

Counsel for Yellow (OTC: YELLQ) said it didn’t have the votes to proceed on its previously proposed plan but that it was still hopeful...

https://www.freightwaves.com/news/yellow-creditors-battle-over-550m-plus-carcass-heats-up

Roadrunner adds new lanes to long-haul network

Less-than-truckload carrier Roadrunner announced Tuesday that it has added 278 lanes to its direct metro-to-metro, long-haul network.

Roadrunner’s (OTC: RRTS) latest additions were made to outbound service in major metro markets like Atlanta; Cleveland; Detroit; Grand Rapids, Michigan; and Nashville, Tennessee.

“In our latest expansion, one-third of the lanes are more than 1,000-miles long, which as the preeminent long-haul LTL carrier in the nation, is our ‘sweet spot,’” stated Tomasz Jamroz,...

https://www.freightwaves.com/news/roadrunner-adds-new-lanes-to-long-haul-network

Knight-Swift adds LTL veteran to board as it targets Northeast expansion

Knight-Swift Transportation announced Friday that Doug Col, former chief financial officer at less-than-truckload carrier Saia, joined its board of directors effective Thursday.

Col retired from Saia in May after 10 years of service. He joined in 2014 as vice president and treasurer and was tapped to be CFO in 2020.

Col joins Knight-Swift (NYSE: KNX) as it looks to add a major presence in the Northeast – the last significant hole in what will become a national LTL footprint.

He was with Saia (NASDA...

https://www.freightwaves.com/news/knight-swift-adds-ltl-veteran-to-board-as-it-targets-northeast-expansion

ArcBest takes on TL freight to fill empty capacity

Transportation and logistics provider ArcBest reported less severe volume declines in its asset-based operations during February as it took on more truckload freight to buoy throughput at its terminals.

Fort Smith, Arkansas-based ArcBest (NASDAQ: ARCB) announced Monday after the market closed that tonnage in the asset-based unit, which includes results from less-than-truckload subsidiary ABF Freight, was down just 2% year over year in February following a 9.2% decline in January. The February...

https://www.freightwaves.com/news/arcbest-takes-on-tl-freight-to-fill-empty-capacity

Deutsche Bank Eyes Industrial Rebound, respalda estas acciones de transporte

Los inversores deben favorecer las existencias de transporte atado industrial con iniciativas idiosincráticas de autoayuda, según un informe que relata la cobertura del espacio por parte de Deutsche Bank. La firma de inversión emitió calificaciones de «Comprar» en tres operadores de carga menos que...

https://fullavantenews.com/deutsche-bank-eyes-industrial-rebound-respalda-estas-acciones-de-transporte/?lang=es

Deutsche Bank eyes industrial rebound, endorses these transportation stocks

Investors should favor industrial-tethered transportation stocks with idiosyncratic, self-help initiatives, according to a report relaunching Deutsche Bank’s coverage of the space. The investment firm issued “buy” ratings on three less-than-truckload carriers, a pair of railroads and a couple other companies on Friday.

Equity research analyst Richa Harnain told clients the industrial complex appears ready to shake a two-year downturn and that any turnaround could be amplified by the new...

https://www.freightwaves.com/news/deutsche-bank-eyes-industrial-rebound-endorses-these-transports

Teamsters to appeal decision freeing Yellow from WARN liability

The Teamsters union told former Yellow Corp. union employees that it will file an appeal on their behalf after a federal bankruptcy court in Delaware last week denied their claims that the company had failed to provide adequate notice ahead of layoffs.

Worker Adjustment and Retraining Notification Act claims from approximately 22,000 members accused the company of failing to provide 60 days’ notice prior to mass layoffs in 2023. In its Feb. 26 ruling, the court decided that Yellow (OTC: YELLQ)...

https://www.freightwaves.com/news/teamsters-to-appeal-decision-freeing-yellow-from-warn-liability

Operador Regional LTL con sede en el noreste A. Duie Pyle expandiéndose en Ohio

El operador regional de carga menos que el camión A. Duie Pyle (ADP) está empujando hacia el oeste, con planes para varios centros de servicio en Ohio, incluso cuando conserva un acuerdo de larga data con otro operador LTL que le había permitido atender a los clientes en el estado de Buckeye. John...

https://fullavantenews.com/operador-regional-ltl-con-sede-en-el-noreste-a-duie-pyle-expandiendose-en-ohio/?lang=es

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