FleetOwner Top 5 Stories of the Week - Aug 20th, 2023
 
 
Estes bids for Yellow terminals | Nuclear verdicts
FleetOwner Top 5 Stories of the Week | View online
 
August 20, 2023
Defunct Yellow, once the third-largest and oldest LTL, also has received preliminary bankruptcy financing offers from its largest investor and other interested parties, one of Yellow's lawyers tells a judge.
Less-than-truckload rivals are adapting—in their pricing and other strategies—to take on thousands of shipments that the former No. 6 FleetOwner 500 carrier stopped taking in late July.
A newly arrived hedge fund, Citadel, and the shuttered less-than-truckload carrier’s largest equity investor, MFN Partners Management, also have teamed to provide an interim $142.5 million to wind down...
U.S. Chamber study joins older work by ATRI in cataloging the rise in cases over $10 million, saying the mean award is up to $31.8 million, and also noting evolving "reptile" methods and citing states that are breaking into wider leads in large verdicts.
As emissions timelines inch closer, particularly in California, the company is preparing by working with both shippers and carriers, collecting the data needed to decarbonize its national brokerage network...
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How does a truck maker update a legend? Very, very carefully. Peterbilt GM Jason Skoog explains the nearly 10-year process behind "possibly" the last truck in the iconic line that goes back to the Model 351 in the 1950s.