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Top related persons:
Charlie Riedel - 1 Sarah Riggs Amico - 1 Jack Cooper - 1 George Walker IV - 1
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trucking’s
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Associated Press - 1 Teamsters - 1 Associated - 1

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3 mentions found


☆ New Offer Seeks to Revive Collapsed Trucker Yellow
  + stars: | 2023-11-30 | by ( Paul Berger | ) www.wsj.com   time to read: 1 min
Yellow was the third-largest carrier in trucking’s less-than-truckload sector, in which freight from multiple customers is combined in a single trailer. Photo: Charlie Riedel/Associated PressBankrupt trucker Yellow is considering an offer to revive the carrier and rehire thousands of its former workers as it weighs competing bids at a court-supervised auction that would disperse its nationwide network of truck terminals to rivals. Sarah Riggs Amico, executive chair of auto carrier Jack Cooper Transport, is leading a bid that would replace Yellow, which shut down over the summer, with a smaller, leaner trucking company that aims to win back some of the billions of dollars worth of freight business that has shifted to a range of other carriers.
Persons: Charlie Riedel, Sarah Riggs Amico, Jack Cooper Organizations: Associated Press Locations: trucking’s
☆ Yellow’s Rivals Are Getting a Boost From the Trucker’s Demise
  + stars: | 2023-10-31 | by ( Paul Berger | ) www.wsj.com   time to read: 1 min
Freight carrier Yellow shut down operations after 99 years in business. Here’s how ballooning debt and a standoff with the Teamsters union led to Yellow’s downfall. Photo: George Walker IV/Associated PressThe collapse of one of the largest U.S. trucking companies is propping up competitors in a lean freight market. XPO , ABF Freight and Saia are among the carriers reporting strong growth in pricing power, shipment volumes and other key measures during the most recent quarter in trucking’s less-than-truckload sector, a high-stakes corner of the market in which carriers combine freight from multiple customers in a single trailer.
Persons: George Walker IV Organizations: Teamsters, Associated Locations: trucking’s
☆ Truckers Expect Softer Holiday Shipping on Waning Retailer Demand
  + stars: | 2022-10-29 | by ( Liz Young | Paul Page | Jeffrey Tucker | ) www.wsj.com   time to read: +6 min
Freight companies are preparing for what executives are calling a muted peak season, as dimming shipping demand from overstocked retailers ripples across U.S. shipping markets. Several big operators say they are seeing freight demand drop off rather than pick up heading into what is typically their busiest period of the year. Clothing retailer Ministry of Supply Inc. stocked up on inventory for the peak season with orders that arrived too late for last year’s winter season and items that arrived early this year. DAT Solutions LLC, a load board that matches trucks to available loads, said its index for spot market demand fell sharply from August to September, to the lowest point since February. “If you’re a carrier exposed to the spot market, you’re hurting.
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