[ad_1] Updated Dec. 7, 2023 7:24 pm ET Yellow rejected an offer to revive the bankrupt trucker and rehire thousands of its former workers, effectively ending a long-shot effort to…
Tag: Freight Transport/Logistics
Yellow Rivals Scoop Up Truck Terminals in Bankruptcy Auction
[ad_1] Yellow is set to raise more than $2 billion after a bankruptcy auction that will disperse much of its national network of truck terminals among rivals, casting deeper doubt…
Bankrupt Bed Bath & Beyond Seeks $300 Million From MSC Line for Pandemic Shipping Charges
[ad_1] The bankruptcy estate of Bed Bath & Beyond has filed the largest ever lawsuit with the Federal Maritime Commission, seeking around $300 million from Mediterranean Shipping Co. for allegedly…
WSJ News Exclusive | The Biggest Delivery Business in the U.S. Is No Longer UPS or FedEx
[ad_1] Listen to article (2 minutes) Amazon.com has grabbed the crown of biggest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes. The Seattle e-commerce giant…
Crews Extinguish Fire After CSX Train Derailment in Kentucky
[ad_1] Updated Nov. 23, 2023 5:40 pm ET Hundreds of emergency workers in Kentucky put out a large fire on Thursday after a CSX freight train carrying molten sulfur derailed…
American Airlines Dangles $250,000 Bonuses to Poach FedEx and UPS Pilots
[ad_1] The next recruiting hotspot for U.S. airlines in need of experienced pilots is FedEx and United Parcel Service. PSA Airlines, a regional carrier owned by American, is offering bonuses…
DHL Owner Deutsche Post Sees Earnings at Lower End of Guidance
[ad_1] DHL owner Deutsche Post narrowed its 2023 guidance toward the lower end of its previous outlook, after its expectations of an economic recovery didn’t materialize, and reported lower third-quarter…
Maersk to Cut 10,000 Jobs as Cargo Boom Ends
[ad_1] Updated Nov. 3, 2023 8:16 am ET Shipping and logistics giant A.P. Moller-Maersk said it would cut more than 10,000 jobs, as a pandemic-fueled cargo boom has ended, leaving…