Yellow

J.D. Power: Commercial vehicle auction volumes steady but prices down

A new report by J.D. Power Valuation Services finds that although auction volume for commercial vehicles in February was similar to that of January, prices fell unexpectedly. The report also suggests that the March 5 sale of equipment – mainly trailers and single-axle day cabs – as part of a liquidation by defunct carrier Yellow Corp. is having a significant impact on prices in March.

The number of late-model sleepers sold in February was comparable to the January figure. However, prices dropped...

https://www.freightwaves.com/news/j-d-power-commercial-vehicle-auction-volumes-steady-but-prices-down

Yellow asks court to toss claims it failed to give layoff notifications

Yellow’s Tuesday filing in a Delaware bankruptcy court said claims stemming from its failure to provide 60-day notices to employees ahead of mass layoffs should be thrown out, or at least materially reduced.

Counsel for the company said WARN Act requirements don’t apply as the defunct less-than-truckload carrier’s shutdown was abrupt and the result of the Teamsters union’s refusal to allow a second round of operational changes that were integral to its survival.

The turnaround plan dubbed One...

https://www.freightwaves.com/news/yellow-asks-bankruptcy-court-to-toss-layoff-notification-claims

Jack Cooper-led bid for Yellow back on table

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A going concern bid for the remaining assets of bankrupt Yellow Corp. appears to be back on the...

https://www.freightwaves.com/news/jack-cooper-led-bid-for-yellow-back-on-table

XPO is hitting record levels of LTL service

XPO recently saw a historic surge in service levels, signaling a new era for its less-than-truckload business.

With this service quality achievement, the freight giant is not just moving goods — it’s raising the bar for efficiency and customer satisfaction.

In a recent discussion with FreightWaves’ Isaiah Buchanan, Anthony Hoereth, senior vice president of sales at XPO, explained how the company has been able to reach the highest service levels in its 40-year LTL history.

In 2021, the company laid...

https://www.freightwaves.com/news/xpo-is-hitting-record-levels-of-ltl-service

Check Call: The brink of broker-carrier relationships

(Gif: GetYarn)

A story that is seeming to become all too familiar is carriers being left high and dry following a broker’s bankruptcy filing. Earlier this year there was Surge Transportation that went through Chapter 11, a restructuring bankruptcy, but all outstanding debt before the filing date is subject to court approval for payments. 

Now as Convoy truly winds down operations, carriers are left holding the metaphorical bag, not the physical bag as that would indicate they had received...

https://www.freightwaves.com/news/check-call-the-brink-of-broker-carrier-relationships

Check Call: It’s all coming together

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EST. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

(Gif: Tenor) 

Better together is a phrase that didn’t die in the pandemic as BNSF Railway, Grupo México Transportes (GMXT) and J.B. Hunt Services have taken the phrase literally. These three companies are working...

https://www.freightwaves.com/news/check-call-its-all-coming-together

ArcBest sees 20% increase in shipments at core accounts

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Less-than-truckload carriers continue to report higher shipment counts following Yellow’s exit, but...

https://www.freightwaves.com/news/arcbest-sees-20-increase-in-shipments-at-core-accounts

The story behind Taylor Swift’s $100K trucker bonus – WTT

On today’s episode of WHAT THE TRUCK?!? Dooner is talking about the $100,000 bonus Taylor Swift gave to the truckers pulling her $1.4 billion-grossing The Eras Tour. We’ve got the full story on how the largest bonus in concert history was given out.

Ross Kennedy is here to rant about Incoterms, the Yellow fallout, food rejects, drunk truckers and LK-99.

Tai’s Walter Mitchell wants brokers to own who they really are. Are the tech-enabled capabilities of these providers overhyped and is the market...

https://www.freightwaves.com/news/the-story-behind-taylor-swifts-100k-trucker-bonus-wtt

Yellow’s final friday; port strikes; and escalating fuel costs – WTT

On today’s episode of WHAT THE TRUCK?!? Dooner is talking about the impending bankruptcy at Yellow that’s reported to go down Monday. What’s next for the company, what are employees saying and what options are out there for the displaced?

CNBC’s Lori Ann LaRocco gets us up to date on labor action at West Coast ports. With an on-again, off-again strike up in Canada, what impact is this having on freight and rail? Plus, could SoCal ports be next?

Trauxit’s Joe Stevens went from being an...

https://www.freightwaves.com/news/yellows-final-friday-port-strikes-and-mackonomics-for-owner-operators-wtt

Yellow drivers speak out; UPS backup plans; beating cancer and a down market – WTT

On today’s episode of WHAT THE TRUCK?!? Dooner is talking to Jay and Dwayne, a pair of Yellow drivers about what’s going down at the company. At the 11th hour on Sunday, the company was spared a strike but the clock is ticking on further action from the Teamsters union. With shippers pulling freight left and right, can Yellow pull itself out of this death spiral?

Yellow isn’t the only company on the clock. With a UPS strike looming over Aug. 1, shippers are being urged to come up with...

https://www.freightwaves.com/news/yellow-buys-time-ups-backup-plans-beating-cancer-and-a-down-market-wtt

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