Company completes all major milestones of plan announced April 29 OVERLAND PARK, Kan., July 22, 2011 /PRNewswire/ — YRC Worldwide Inc. (Nasdaq: YRCW) announced today it has successfully closed the financial restructuring plan announced April 29, completing the last remaining milestones. YRC Worldwide has: Issued new convertible notes for the infusion of $100 million in new capital. Increased liquidity by…
William B. Cassidy | Mar 29, 2011 4:35PM GMT The Journal of Commerce Online – News Story Tight truckload capacity pushes freight to LTL, puts pressure on pricing Less-than-truckload carriers say they increasingly are handling heavier freight typically moved by truckload carriers as capacity in that sector tightens. Heavier freight is showing up in increased tonnage and average shipment weights…
R.G. Edmonson | Mar 14, 2011 9:03PM GMT The Journal of Commerce Online Industry caught off guard by earlier than expected directive The air cargo industry is trying to sort out a new security directive from the Transportation Security Administration that effectively increases the level of surveillance on high-risk international shipments. The National Industrial Transportation League told its members this…
Future Freight Flows What is Future Freight Flows? The future rarely moves in predictable, incremental ways. Often seemingly small changes in technology, demographics, regulations, economics, or a myriad of other factors have dramatic and unintended impacts on how companies source, manufacture, distribute and operate in general. These non-linear impacts are very difficult to predict using traditional forecasting methods and techniques…
FMCSA Issues Proposed Rule on Hours-of-Service Requirements for Commercial Truck Drivers The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) today issued a regulatory proposal that would revise hours-of-service (HOS) requirements for commercial truck drivers. The publication of this proposed rule coincides with the timeframe established in a court settlement agreement that requires FMCSA to publish a final…
The strike started in Philadelphia on Monday and continues today. All terminals remain closed as of this morning. Terminal workers, members of the ILA (International Longshoremen’s Association), have shut down the Port of New York and New Jersey. Despite a court injunction obtained by the New York Shipping Association, local ILA New York and New Jersey members continue to strike. …