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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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Remember the "labor" behind Labor Day. The summer of 2023 has seen ongoing disputes between labor unions and transportation companies, but those differences are nothing new. The first Labor Day parade in 1882 was actually a workers' strike.
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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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