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Dark Horse Bidder Makes Second Offer for Yellow Assets

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.

December 7, 2023

Ryder Reveals First Two Companies in EV Fleet Program

Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.

December 7, 2023

Canada Cartage Acquires GTI Group

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.

December 4, 2023

Estes Express Says It Is Doing Well Post-Cyberattack

Executives from Estes Express Lines recently shared details and lessons learned about the company’s response after an October cyberattack hampered the carrier’s operations.

November 21, 2023

Forward Air Files Counterclaim Against Omni on Merger

Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.

November 13, 2023

Werner Enterprises Reports Earnings Drop on Steady Revenue

Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.

November 2, 2023

Forward Air Reports 82% Earnings Drop During Q3

Forward Air Corp. reported an 82.2% drop in earnings during the third quarter of 2023 as revenue declined amid a weak freight environment, the company reported Oct 30.

November 1, 2023

Jack Cooper Making $2 Billion Bid for Bankrupt Yellow

Jack Cooper Transport is reportedly making a nearly $2 billion bid to snatch up the assets of Yellow, the trucking firm that collapsed in late July and filed for bankruptcy.

October 31, 2023

Court Approves Yellow Administrators’ Auction Plans

A court on Oct. 27 approved plans by the administrators of Yellow to use auctioneers to sell the company’s rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.

October 30, 2023

XPO Reports Revenue Increase Despite Tough Conditions

XPO posted an increase in revenue but a dip in profit during the third quarter amid a challenging freight environment, the company said Oct 30.

October 30, 2023