XPO, Estes Express Lines, and Saia were among less-than-truckload companies that purchased Yellow terminals during a recent court-supervised auction following the company’s bankruptcy. About 75% of Yellow’s properties will be sold, for nearly $1.9 billion.
With the explosive growth of the freight market during the COVID-19 pandemic, cargo theft and fraud surged. Thieves stole more than $31 million in shipments just in the third quarter of 2023.
After trucking companies had to fork over thousands of dollars to get their trucks that had been towed off by a Memphis towing company, their complaints resulted in the company getting its permit suspended. A new study on predatory towing practices shows it's not an isolated case.
With its acquisition of The GTI Group, Canada Cartage Corporation is expanding into the U.S. market for the first time in its 110-year history.
United Petroleum Transports is in the process of acquiring Patriot Transportation Holding and its subsidiary Florida Rock & Tank Lines.