
Montgomery Transport LLC in Birmingham, Alabama, suddenly announced it was closing effective immediately on October 9, putting hundreds of truck drivers and other employees out of work.
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Years of scandal and mismanagement at Nikola Motors finally come to a head as the battery-electric and hydrogen-fuel-cell truck maker files for Chapter 11 bankruptcy.
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Other auto haulers stand to benefit from the demise of Jack Cooper Transport, which lost its two biggest customers this year.
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Citing an unsustainable cash burn and an inability to establish reliable revenue streams, hydrogen fuel cell truck OEM Hyzon's board of directors has voted to dissolve the company.
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California-based Matheson Trucking, a major USPS contractor known for its adoption of CNG-powered tractors, will be closing their doors, after filing for bankruptcy protection in 2022.
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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.
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Volvo Group is paying $210 million to buy the Proterra Powered business unit, which has provided battery technology, drivetrains, vehicle electrification and e-mobility technology to vehicle makers. as part Proterra's Chapter 11 bankruptcy proceedings.
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After decades of struggling financially, Yellow filed for Chapter 11 bankruptcy protection over the weekend. The less-than-truckload carrier had ceased operation July 30.
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With longtime trucking giant Yellow shutting down and reported to be planning to file for bankruptcy, what is the impact on the trucking industry, in particular LTL?
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Yellow Corp., one of the longest-serving American trucking companies, ceased operations over the weekend and has announced it will be filing for bankruptcy.
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