NBC News: Price hikes loom for consumers with the loss of Yellow trucking
The U.S. just lost as much as 15% of its small-batch trucking capacity — and consumers are likely to feel the effects in higher prices as the holiday season rolls around.
The U.S. just lost as much as 15% of its small-batch trucking capacity — and consumers are likely to feel the effects in higher prices as the holiday season rolls around.
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Cargo theft events have increased for yet another quarter, according to the latest CargoNet data, and trucking stakeholders have taken notice as to inform carriers as to how they can stay safe.
Produce shippers have been enjoying a substantial drop in transportation costs this year after enduring some of the highest freight rates ever during the COVID-19 pandemic.
Overall, rate movements have aligned with the first forecast we released in October 2022 and the update published in Q1.
Overall, rate movements have aligned with the first forecast we released in October 2022 and the update published in Q1.
With bankruptcy looming for the major LTL carrier and its low-cost services, shippers will likely see rate hikes for similar services.
ACT Research reports higher Class 8 sales in June, adding to elevated levels in May, and the group’s VP attributes the surge, in part, to more operators exiting the market, allowing carriers that remain to refresh their fleets with younger trucks.
Yellow Corp.'s pending bankruptcy is a move that has long seemed inevitable, one that shuts the doors on a company just short of its 100th anniversary and ends a tumultuous 15 years.
Yellow Corp.'s pending bankruptcy is a move that has long seemed inevitable, one that shuts the doors on a company just short of its 100th anniversary and ends a tumultuous 15 years.