Yellow Escapes $300M WARN Act Liability in Federal Ruling
Federal court affirms Yellow qualified as a 'faltering company' when it laid off 22,000 union workers in July 2023. New Jersey employees may still see limited…
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
CMA CGM Buys FedEx Supply Chain for $1.4B, Triples Warehouse Footprint
French ocean carrier acquires FedEx's contract logistics arm, adding 80 warehouses and 10,000 workers to its North American 3PL subsidiary Ceva.
M&A advisors call 2027 'record-breaking' for trucking deals
Tenney Group says buyers can no longer sit on capital, expects deal volume to spike after three flat years.
Insurance Costs Climb as State Laws Erode Federal Preemption Shield
Cover Whale CRO says legislative patchwork and underwriting failures are driving carrier insurance premiums higher, not just nuclear verdicts.
Schneider Names New Truckload, Intermodal Chiefs as Filter Takes CEO Role
Green Bay carrier promotes from within as Mark Rourke moves to executive chairman. Steve Wells, who ran Cowan Systems, now leads the $2.5B truckload unit.
586 Indiana Warehouse Jobs Cut as Small Carriers File Bankruptcy
Humano, SIMOS close Avon operations in August. Five freight and logistics companies filed Chapter 11 or Chapter 7 in the past two weeks.
Three Logistics Firms Buy Trucking Capacity and Cross-Border Services
AmeriLux adds 68 trucks and flatbed capacity in Green Bay. ANDY and Imperative target customs and cross-border lanes.
Goldman Sachs offers free 12-week business course and $52K loans to carriers
The 10,000 Small Businesses program targets the owner-capacity bottleneck that breaks fleets before they hit a physical truck limit.
Echo Adds Intra-Mexico Trucking to Cross-Border Portfolio
Chicago 3PL now offers city-to-city freight, port drayage, and managed transport across Mexico, betting on nearshoring demand.
Werner Dedicated Contract Rates Climb After Early-2026 Acquisition
Omaha carrier reports rate gains in dedicated truckload segment following acquisition that closed in first quarter.
M&A Multiples Jump 321% as Buyers Chase Tech, Not Truckload Scale
Average transportation deal size has more than tripled since 2023. Buyers are paying premiums for AI automation and scarce border infrastructure, not…
Teamsters Vote to Challenge UPS Over Roadie Gig-Driver Use
Union claims UPS subsidiary violates 2023 contract by routing deliveries to nonunion gig workers, while UPS says Roadie handles same-day orders outside the…