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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? Get out the…
Transport Topics is reporting that the US economy showed steady business activity in February, with gains in the services sector offsetting declines in manufacturing. The report cites the IHS Markit flash composite purchasing managers’ index (PMI), which came in at 58.8 for the month, down slightly from January’s reading of 58.7, but still signaling strong growth. The services sector, which…
Washington D.C. – The U.S. House of Representatives will vote next week on a surface reauthorization bill that would impose a huge insurance hike on trucking companies. The five-year $547 billion INVEST in America Act is filled with highly contentious measures which would have deep impacts on the trucking industry. Perhaps none more so than a provision which would increase the minimum amount of…