Trimac Transportation Ltd. has purchased two North American bulk haulage carriers in the past few weeks, and has plans to accelerate its ongoing buying spree.
September 1, 2023Search
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Brian Antonellis of Fleet Advantage and TMC General Chairman Radu Mihai discuss the urgent need for targeted training programs for heavy-duty technicians that build a capable, future-ready workforce.Â
Used Truck Market Can Likely Handle Yellow Liquidation
Used trucks and trailers owned by bankrupt Yellow Corp. are set to come up for auction in unprecedented numbers, but the market can handle it, say observers.
August 31, 2023Flatbed and Cargo Safety Depends on Securement
Making sure flatbed cargo is secured for transit goes beyond meeting applicable regulations, which cannot cover every contingency, experts contend.
August 28, 2023Estes Offers $1.3 Billion for Yellow Terminals
Estes Express Lines is in line to buy the terminals of bankrupt less-than-truckload rival Yellow Corp. after submitting a $1.3 billion bid, a court heard Aug. 17.
August 17, 2023Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
August 16, 2023Yellow Looks to Finalize Bankruptcy Loan
Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.
August 11, 2023Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
August 3, 2023Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck
Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.
August 2, 2023Ryder Posts Q2 Loss on Market Weakness, UK Exit Charge
Ryder System Inc. posted an $18 million loss in the second quarter of 2023, compared with a profit of $239 million in the year-ago period.
July 27, 2023Schroeder Embraces Safety in Trucking Championships
FedEx Freight driver David Schroeder, Ohio's trucking champion who will be competing at nationals in his home state, embraces safety on and off the skills course.
July 18, 2023