TPM: Declining shipments will drive consolidation in US LTL sector
A gloomy outlook for demand and rates in the US trucking market will drive consolidation ...
A dispute with the Teamsters union in the US is hobbling the restructuring of less-than-truckload (LTL) carrier Yellow.
The union is seeking to block major elements of the company’s consolidation efforts and, in a further escalation, has demanded Yellow stop using other carriers to move some of its freight.
The LTL carrier has lagged its rivals, struggling to make profits as others were posting record results. It tabled a net deficit of $15.5m for the fourth quarter of 2022 and faces nearly ...
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