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ArcBest Stock Buyback Is this an attempt to thwart a takeover attempt? LTL giants ABF, TForce and Yellow are all heading into the end of their existing labor contracts. Yellow is probably the most stable since the United States government provided a HUGE PPP investment during Covid. That leaves TForce and ABF to fight alone… or will it be together?…
Avoiding Labor Disruptions in Trucking Negotiations between the Teamsters union and three major less-than-truckload (LTL) carriers, ABF, Yellow, and TForce, have been closely watched by the transportation industry. The talks have centered on issues such as wages, benefits, and working conditions for unionized drivers and other employees. As of February 2023, the negotiations were ongoing, with both sides expressing some…
LTL Volumes and Costs Remain High Freightwaves reported on August 12, that July LTL volumes, according to a Cass report, are 15.5% over July 2019 and prices are up 46% year over year* If your company is experiencing LTL delays and higher than expected costs, you are not alone. LTL carriers are experiencing record volumes and prices, as you would…
LTL giant UPS Freight is in the cross hairs of Canadian firm TFI. The offer appears to be an $800M all cash offer from TFI who will rename the company TForce Freight. Click Here for full the TFI Press Release
Looks like the YRC name is going to fade away as YELLOW has been resurrected! With that, Yellow is hiring 1500 drivers and expanding their in house driver training program. This is decidedly good news in an industry with diminishing capacity
December LTL volumes ‘remain healthy’