UK Transportation & Storage sector hit hardest with 59% decrease in business births in Q2 2023 vs Q2 2022 The business experts at Forbes Advisor have conducted an analysis of the most recent UK business demography statistics report from the Office for National Statistics. Findings indicate a significant decline in the number of businesses added […]
“Yellow’s closure is a substantial blow to America’s economy and the company’s 30,000 hardworking employees and their families in all 50 states.” In light of the announcement by Yellow Corp. that it has ceased operations, American Trucking Associations President and CEO Chris Spear issued the following statement and encouraged former Yellow employees to access a […]
In second quarter, truck shipments fall 9% nationwide as volume drops 27% in Northeast region Truck freight volume and spending in the second quarter of 2023 declined by the highest levels since the early days of the pandemic, the latest U.S. Bank Freight Payment Index revealed. Spending by shippers dropped 10.9% compared to the second quarter of […]
Enhances Claims Management and Facilitates Better Outcomes Through an Integrated Solution with Origami Risk Gradient AI, enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, announced that American Trucking and Transportation Insurance Company, a Risk Retention Group (ATTIC, RRG) selected Gradient AI’s claims management solution to predict claim risk, triage claims, and close […]
“The Shippers Conditions Index rose in May as it became more obvious that there would be abundant capacity available in the system for longer during 2023“ FTR’s Shippers Conditions Index (SCI) rose in May to 8.6 from a 7.1 reading in April. The environment for shippers was moderately more favorable in May due to lower […]
The Teamsters Union was served legal notice today that Yellow Corp. is ceasing operations and filing for bankruptcy The Teamsters Union was served legal notice today that Yellow Corp. is ceasing operations and filing for bankruptcy. “Today’s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions […]
