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Top related persons:
Tom Nightingale - 4 “ - 2 ” - 2 Satish Jindel - 2 — - 1 Cowen - 1 Mark Roper - 1 Roper - 1
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AFS Logistics - 4 New York CNN - 2 CNN - 2 UPS - 2 Teamsters - 2 Business - 1 Service - 1 New - 1

Search resuls for: "Tom Nightingale"


6 mentions found


☆ From bankruptcies to price wars, the US freight recession is reshaping the industry
  + stars: | 2024-07-28 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +1 min
The freight recession will likely remain drag on into a sixth quarter, according to AFS Logistics. Bankruptcies and aggressive competition have defined the industry downturn, the firm told Business Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere's no end in sight for the freight recession, and the downturn is reshaping dynamics in the industry. This story is available exclusively to Business Insider subscribers.
Persons: Tom Nightingale, —, Cowen Organizations: AFS Logistics, Business, Service
☆ Laid off Yellow drivers are going to have a tough time finding similar quality jobs
  + stars: | 2023-08-01 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
Roper, who turns 59 in October, said he’s not ready to retire and has already started applying for jobs elsewhere. He’s worked 28 years at Holland Freight, which Yellow bought in 2005. In contrast, less-than-truckload carriers have relatively low driver turnover, an average of 18% to 20%, according to Jindel, which means those jobs, already less numerous than truckload jobs, are open far more rarely. He said he’s already gotten some positive response from some of the LTL carriers he’s applied to, so he’s hopeful. But if that doesn’t work out, he said, he’ll consider looking at jobs in the truckload sector.
Persons: Mark Roper, Roper, he’s, hasn’t, He’s, “, ”, they’re, ” Roper, Satish Jindel, he’ll, Covid, Tom Nightingale Organizations: New, New York CNN, Holland Freight, CNN, UPS, ABF, Drivers, AFS Logistics, Teamsters Locations: New York, truckload
☆ Stocks are having their best run since 2021. Can they beat the August doldrums?
  + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
On average, August has been the worst performing month for stocks since 1986, according to Morningstar. That means the dwindling number of traders who remain must take extra care in a such a potentially volatile environment. 99-year-old trucking company Yellow shuts downYellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers, reports my colleague Chris Isidore. He said the company began taking on significant amount of debt 20 years ago in order to acquire other trucking companies. “Now their debt service is just enormous,” he said, pointing to $1.5 billion in debt on its books.
Persons: Morningstar, It’s, it’s, ”, Michael Landsberg, Landsberg, “, ” Jackson, Jerome Powell, Barbie, Barbie ”, “ Oppenheimer, Eva Rothenberg, “ Barbenheimer ”, “ Barbie, Chris Isidore, Satish Jindel, Tom Nightingale, Read Organizations: CNN Business, Bell, New York CNN, Nasdaq, Apple, Landsberg Bennett, Wealth Management, Federal Reserve Bank of Kansas, Fed, Dow, AMC, Oppenheimer AMC Theaters, CNN, Warner Bros, Corp, Teamsters, AFS Logistics, “ Locations: New York, Jackson Hole , Wyoming, Washington, Nashville , Tennessee
☆ UPS has to pass along higher labor costs in broad-based price increases, says AFS Logistics CEO
  + stars: | 2023-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUPS has to pass along higher labor costs in broad-based price increases, says AFS Logistics CEOTom Nightingale, CEO of AFS Logistics, joins 'Power Lunch' to discuss the immediate effect of the trucking company Yellow's shutdown, a potential glut in freight capacity, and who will be most affected by price increases by increased shipping costs.
Persons: Tom Nightingale Organizations: UPS, AFS, AFS Logistics
☆ Truckers Expect an Inventory-Driven Rebound Later This Year
  + stars: | 2023-02-01 | by ( Liz Young | ) www.wsj.com   time to read: +4 min
Trucking companies are pinning hopes for a rebound in freight demand on the second half of this year, saying their retailer customers expect to resume restocking after winding down inventories over recent months. Carrier executives say they are hearing from their shipping customers that they expect to return to a more normal ordering cycle this year and start moving bigger volumes closer to the fall shopping season following volatile retail spending and distribution in 2022 that left them overstocked. Inbound volumes at U.S. ports are also down, suggesting fewer goods from overseas are flowing into domestic freight networks. “Trucking is definitely down right now,” said Tom Nightingale, CEO of AFS Logistics, a Shreveport, La.-based logistics operator. She said on a Jan. 18 earnings conference call that the company “has good signals” from shipping customers that they plan to pick up their ordering in the second quarter.
☆ Renewed threat of rail strike has supply chain managers ramping up contingency plans
  + stars: | 2022-10-20 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
Logistics managers are dusting off their plans for a possible railroad strike in November that could wreak havoc on the supply chain and cost the U.S. economy up to $2 billion a day. "Now is not the time to introduce new demands that rekindle the prospect of a railroad strike," the NCCC said in a statement. Tom Nightingale, CEO of AFS Logistics, tells CNBC that logistics managers are fielding calls from customers in anticipation of a possible strike. "Shippers had a lot of sensitivity to the potential rail strike," Nightingale said. "Shippers don't want cargo with a limited shelf life sitting at a rail yard, particularly commodities like chemicals and refrigerated food and beverage," he said.
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