Renzo and Andrea Rosso Push OTB’s Sustainability Agenda to New Heights
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Forward Air CEO Out Following Messy Merger
Weeks after the firm agreed to the acquisition of Omni Logistics, Forward Air is on the hunt for a new chief…
Yellow Corp. Pays Back $850M CARES Act Loan
The less-than-truckload shipper paid back a controversial Covid-era government loan six months after filing…
Cargo Theft Has Nearly Doubled Since 2019
Cargo theft accelerated at a rapid pace in 2023, and the logistics industry should expect more of the same in…
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3PLs Penske Logistics, Kenco Lay Off Combined 300
Despite the layoffs, transportation and warehousing add 15,500 jobs in January, says a new jobs report from…
Yellow Disputes Pension Fund’s $6 Billion Claims, Citing Federal Bailout
"This is 'free money' that the Central States Pension Fund does not need," Yellow attorneys wrote in a…
TuSimple to Voluntarily Delist from Nasdaq After ‘Exhaustive’ Review
The independent board committee making the decision said "the benefits of remaining a publicly traded company…
Forward Air, Omni Logistics See ‘Writing on the Wall,’ Amend Merger
Both logistics companies have agreed to settle their litigation against one another, targeting to complete…
Trucking Titan TFI Makes $1.1 Billion Deal as Yellow Offloads More Terminals
TForce Freight parent TFI International will pony up $386 million in cash as part of the deal for heavy-haul…
Forward Air Divests Last-Mile Business to Hub Group for $262 Million
Already looking to get out of its $3.2 merger with Omni Logistics, Forward hopes the sale can help it shift…
Coyote Logistics Cuts Staff Via ‘Voluntary Separation’ Program
"A relatively small" number of staff were given the option to leave the UPS-owned 3PL two weeks after…
‘Tremendous Outcome’: Yellow Gets Court Nod to Sell 130 Assets
The bankrupt behemoth still hopes to secure buyers for the 46 owned and 147 leased terminals remaining in its…
Yellow Rivals Purchase Properties at Bankruptcy Auction
XPO acquired 28 of the defunct trucking company's service centers for $870 million.
Yellow’s Fate Remains Unclear After Rescue Bid
Sarah Riggs Amico, executive chair of auto hauler Jack Cooper, reportedly submitted an offer for Yellow…
FedEx Delivery Driver Shot in Denver Carjacking
Elsewhere in logistics, a Michigan man was sentenced to 17 years in prison for using a sham trucking firm to…
Forward Air Countersues Omni Logistics, Wants Out of $3.2B Merger
"Forward Air has yet to provide any refutation of the strategic rationale of the planned combination," Omni…