66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
Freight brokers are measuring their inboxes wrong. Most inbound email is monitoring, not work. And the longtail categories that look like noise are costing real margin. Here's how to audit what's actually in your inbox, and why it matters in 2026's margin-first market.
Large-scale layoffs hit Yellow Logistics employees amidst rumors of impending bankruptcy. A potential lifeline from Apollo is being discussed.
Employees at Yellow Logistics, an independent subsidiary of Yellow Corp, have been caught in a whirlwind of job terminations as part of widespread layoffs within the company.
One employee spoke of the sudden notice for a company-wide conference call during which they were informed of the company's financial incapacity to continue operations and consequent employee terminations. The layoffs reportedly affected a total of 100 to 150 people, including managers.
Amidst this uncertainty, reports indicate that Yellow is close to securing debtor-in-possession financing from Apollo Global Management. This move would place the investment firm in a position to reclaim Yellow’s outstanding debt of $1.5 billion in a potential liquidation scenario.
Source: FreightWaves
Employees at Yellow Logistics confirmed to FreightWaves they were terminated Tuesday as part of widespread layoffs at the independent subsidiary of Yellow Corp. But whether this was tied to an actual shutdown of the 3PL was not clear Tuesday night.https://t.co/4XYclgD1Ek
— FreightWaves (@FreightWaves) August 2, 2023
C.H. Robinson and Uber Freight are expanding cross-border LTL services as U.S.–Mexico trade surges.
FedEx Freight is delaying enforcement of new density-based LTL classification rules until Dec. 1. Shippers must still prepare for stricter data requirements.
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
The European unit could potentially fetch around $2 billion, based on industry estimates.
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