Sunday, December 22

Tag: Trucking

Electric Mandates Have California Truckers Charging Overtime
29Dec By adminNo Comments
World

Electric Mandates Have California Truckers Charging Overtime

Dec. 29, 2023 12:52 pm ETCompton, Calif.Electric trucks are supposed to save the world, but they’re wasting Mike Stanley’s time. Mr. Stanley, a longtime trucker whose rectangular beard flows down to his chest, now leads operations in the main Los Angeles office of IMC, a Tennessee-based drayage trucking company that carries cargo to and from U.S. ports and rail yards. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Star on the Political Scene: The Chip Industry
29Dec By adminNo Comments
Technology

The New Star on the Political Scene: The Chip Industry

Updated Dec. 29, 2023 12:06 am ETSemiconductors have played the starring role in state visits. Nvidia’s chief executive was feted by heads of state like a visiting dignitary. Government delegations have shuttled around the globe hobnobbing with chip makers. For an industry that suddenly finds itself as a geopolitical showpiece, the attention is a mixed bag.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Star on the Political Scene: The Chip Industry
29Dec By adminNo Comments
World

The New Star on the Political Scene: The Chip Industry

Updated Dec. 29, 2023 12:06 am ETSemiconductors have played the starring role in state visits. Nvidia’s chief executive was feted by heads of state like a visiting dignitary. Government delegations have shuttled around the globe hobnobbing with chip makers. For an industry that suddenly finds itself as a geopolitical showpiece, the attention is a mixed bag.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Yellow Rejects Bid to Revive the Collapsed Trucking Company
8Dec By adminNo Comments
World

Yellow Rejects Bid to Revive the Collapsed Trucking Company

Updated Dec. 7, 2023 7:24 pm ETYellow rejected an offer to revive the bankrupt trucker and rehire thousands of its former workers, effectively ending a long-shot effort to reverse the collapse of one of the country’s biggest freight carriers. Lawyers for Yellow told the group seeking to resurrect the trucking company in a letter Wednesday that its bid was “not viable” and that Yellow is moving ahead with the sale of about 130 truck terminals that raised almost $1.9 billion at a bankruptcy auction this month. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow 
8Nov By adminNo Comments
World

Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow 

Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers that would halt the liquidation of trucking giant Yellow and seek to resurrect the shuttered business, according to people familiar with the matter. The improbable effort would require the Treasury Department to defer repayment for several years of a $700 million loan provided to Yellow under a Covid pandemic-era bailout, one of several debts that helped push one of the country’s biggest truckers into collapse earlier this year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Yellow’s Rivals Are Getting a Boost From the Trucker’s Demise
31Oct By adminNo Comments
World

Yellow’s Rivals Are Getting a Boost From the Trucker’s Demise

The collapse of one of the largest U.S. trucking companies is propping up competitors in a lean freight market.XPO, ABF Freight and Saia are among the carriers reporting strong growth in pricing power, shipment volumes and other key measures during the most recent quarter in trucking’s less-than-truckload sector, a high-stakes corner of the market in which carriers combine freight from multiple customers in a single trailer. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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