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The Latest Breaking News from FreightWaves

Distressed shipping company files Chapter 7 bankruptcy liquidation

California-based trucking company files Chapter 7 bankruptcy to liquidate its assets after shutting down operations.

The Street

Major shipping company shuts down; no bankruptcy filing yet

U.S. Postal Service mail hauling contractor closes down all operations, but has not yet filed for bankruptcy.

The Street

Another distressed trucking company files Chapter 11 bankruptcy

New Jersey-based trucking company joins a number of other logistics companies that have filed for bankruptcy this year.

The Street

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Distressed shipping company files Chapter 7 bankruptcy to liquidate

The Texas-based logistics company closed its business, laid off employees and filed for Chapter 7 bankruptcy liquidation.

The Street

Historic shipping company closes down in Chapter 7 bankruptcy

A 92-year-old trucking company has permanently shut down and filed for Chapter 7 liquidation.

The Street

Another key shipping firm files Chapter 7 bankruptcy liquidation

California logistics company shuts down operations and will liquidate in Chapter 7 bankruptcy.

The Street

The Yellow trucking company meltdown, explained

Yellow's demise stems from an exodus of customers, union strife and longstanding financial troubles.

WEKU

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Ohio Train Derailment Is Another Excuse for Mudslinging and Conspiracy Theorizing

Plus: Did the Pentagon shoot down a hobby radio balloon?, Kentucky abortion ban can be enforced, and more...

Reason

Company fires 2,700 workers while they were sleeping days before Thanksgiving

Workers at Mississippi-based furniture company received text saying they were terminated just before midnight on 21 November

The Guardian - US

Subseasonal Trucking Market Still Soft And Loose

The U.S. truckload market is still soft, with accepted contract shipments running approximately 5.5% lower than the year-ago period, and loose, as only 5.5% of contract truckload tenders are being rejected by carriers.

Benzinga

Texas Court Reverses $7.4 Million Trucking Accident Verdict

A Texas appeals court has reversed a $7.4 million verdict against a trucking company, its owner and one of its drivers after evidence presented at the trial didn't support the jury's findings.

Benzinga

Viewpoint: How Machine Learning Is Revolutionizing E-Commerce

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Benzinga

CN Upbeat On 2nd Half Of 2022 Despite Macro Uncertainties

Despite looming economic uncertainties in the second half of 2022, Canadian railway CN expects volume gains in grain and brisk intermodal activity to support the railway in the back half of the year, according to executives on CN's second-quarter 2022 earnings call.

Benzinga

Higher attrition rates dampen CSX plans for operational rebound

Although a higher than anticipated attrition rate in the second quarter is slowing the pace of operational improvements, CSX still expects to continue to improve its service metrics in the third and fourth quarters.

Benzinga

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news in one place.

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Benzinga

What's changed at Navistar a year after Traton's $3.7B takeover?

A year after Traton Group's $3.7 billion takeover of Navistar International Corp., the German truck holding company's sway is noticeable in new faces, a bigger push on electric trucks and a decidedly Swedish influence in product development.

Benzinga

Trucking Industry Concerned About SEC's Proposed Climate Rules

Small and large carriers alike are wondering how the Securities and Exchange Commission's proposed climate disclosure rules could affect their businesses.

People

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