Latest news with #FreightWaves
Yahoo
a day ago
- Business
- Yahoo
Yellow Corp. to sell 4 terminals for $6.8M
In a motion before a federal bankruptcy court in Delaware, defunct less-than-truckload carrier Yellow Corp.'s estate is seeking to sell four terminals valued at $6.8 million. The owned properties include a 68-door terminal in Knoxville, Tennessee, valued at $2.6 million, a 46-door facility in Southington, Connecticut ($2.8 million), a 31-door terminal near Baton Rouge, Louisiana ($1.2 million), and a 12-door location in Tupelo, Mississippi ($285,000). The named buyers include construction and building services companies as well as a wholesale fuel and lubricant distributor. It appears no LTL carrier was active in the latest asset sales. As the liquidation process draws to a close, fewer carriers have been involved. The last sale motion to the court included some transportation and logistics companies, including Saia (NASDAQ: SAIA), but also other non-LTL entities. A separate filing with the court on Friday showed that Yellow is rejecting unexpired leases on four terminals with a total of 328 doors. Yellow's estate has unloaded more than 200 terminals valued at roughly $2.4 billion since the liquidation began at the end of 2023. More FreightWaves articles by Todd Maiden: Proxy adviser backs activist's move to reshape Forward Air board J.B. Hunt expands premium intermodal offering to shippers in Mexico ArcBest taps CH Robinson veteran to fix asset-light business The post Yellow Corp. to sell 4 terminals for $6.8M appeared first on FreightWaves.
Yahoo
a day ago
- Business
- Yahoo
DOT streamlining $5.4B for bridge projects
WASHINGTON — The Trump administration on Monday announced $5.4 billion available for major bridge projects in a funding program that Transportation Secretary Sean Duffy says will be relieved of Biden-era approval requirements. The new funding opportunity, administered by the Federal Highway Administration, includes $4.9 billion for major bridge projects through FHWA's Bridge Investment Program and up to $500 million to repair or replace bridges in rural areas through the agency's Competitive Highway Bridge Program. The money will help improve approximately 42,000 bridges across the country 'that are in dire need of repair,' according to the administration. 'The previous administration handcuffed critical infrastructure funding requirements to woke DEI [diversity, equity and inclusion] and Green New Scam initiatives that diverted resources from the Department's core mission,' Duffy said in a press release announcing the funding. 'Under the Trump Administration, America is building again.'Applicants – which include state and local governments and metropolitan planning organizations – will no longer have to explain how a project will consider climate change and environmental justice in the planning stage and in project delivery. Under the Biden administration, applicants had to show, for example, how the project would reduce greenhouse gas emissions in the transportation sector and the extent to which the project avoided adverse environmental impacts to air or water quality and to endangered species. They were also expected to address negative impacts on disadvantaged communities. In addition, under the previous administration's DEI and workforce requirements, applicants had to include an equity assessment evaluating whether a project 'would create proportional impacts and remove transportation related disparities to all populations in a project area,' the U.S. Department of Transportation noted. Applications for the Bridge Investment Program must be submitted by Aug. eligible for the $500 million in rural bridge grants under the Competitive Highway Bridge Program include the state departments of transportation for Alaska, Arkansas, Iowa, Kansas, Kentucky, Louisiana, Maine, Mississippi, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Utah, West Virginia, Wisconsin and Wyoming. Applications for that program must be submitted by Aug. 4. Biden: US will pay to rebuild Francis Scott Key Bridge Top 10 states that won Biden's bridge-fixing windfall US DOT awards $225 million for rural bridges Click for more FreightWaves articles by John Gallagher. The post DOT streamlining $5.4B for bridge projects appeared first on FreightWaves.
Yahoo
4 days ago
- Business
- Yahoo
J.B. Hunt expands premium intermodal offering to shippers in Mexico
J.B. Hunt Transport Services announced the latest iteration of Quantum, its premium intermodal offering, on Friday. Quantum de Mexico will provide cross-border service to Mexican shippers with 'service-sensitive' transportation needs utilizing the networks of Western Class I railroad BNSF Railway (NYSE: BRK.B) and Mexico's largest rail provider, GMXT. In line with J.B. Hunt's (NASDAQ: JBHT) current Quantum offering, customers can expect 95% on-time delivery and up to one less day of transit time versus the standard intermodal service. The offering is designed to better compete with time-sensitive, highway freight hauled by truck. 'Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings,' said Spencer Frazier, head of sales and marketing at J.B. Hunt, in a news release. 'The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship.'To ensure premium service, new tracking systems will provide real-time shipment visibility. Quantum loads will be given priority status for drayage moves and railcar loading and unloading. Support staff from all three companies will provide around-the-clock service. Major Mexican markets served include Mexico City, Guadalajara and Monterrey to go along with key touch points in the U.S. like Chicago, Dallas-Fort Worth, the U.S. West Coast and other locations in the eastern U.S. The three companies partnered in 2024 to provide Mexico inbound-outbound intermodal service through the Eagle Pass Gateway. The new service was announced on Friday at an industry event in Puerto Vallarta, Mexico. J.B. Hunt also announced the opening of a new office in Queretaro, Mexico, in conjunction with the service launch.'Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics,' said Jon Gabriel, group vice president of consumer products at BNSF. 'Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers.' More FreightWaves articles by Todd Maiden: ArcBest taps CH Robinson veteran to fix asset-light business Truckload spot rates to continue upward trend, RXO says Activist investor pushes Forward Air to execute 'value-maximizing sale' The post J.B. Hunt expands premium intermodal offering to shippers in Mexico appeared first on FreightWaves.
Yahoo
4 days ago
- Business
- Yahoo
Lawmakers reintroduce ban on hauling horses in double-deck trailers
WASHINGTON — Rep. Steve Cohen, D-Tenn., has been advocating for more humane transportation of horses by livestock haulers since 2008, but he believes he finally has the support to get legislation addressing the issue through Congress. Cohen and Reps. Dina Titus, D-Nev., and Brian Fitzpatrick, R-Pa., reintroduced on Thursday the Horse Transportation Safety Act, a bill to ban the transportation of horses across state lines in double-deck trucks or trailers containing two or more levels stacked on top of one another. 'Double-deck trailers do not provide adequate headroom for adult horses, and accidents involving double-deck trailers are a terrifying reminder that the practice is also dangerous to the driving public,' Cohen said in a press statement. 'I look forward to seeing this measure move forward as it did last year and be signed into law. Transporting horses can be precarious even under the best circumstances, and we should not compound the risks with unsafe double-deck trailers.'Double-deck trailers can accommodate livestock such as cattle and hogs but usually do not provide enough headroom for horses to stand upright. The U.S. Department of Agriculture issued rules in 2001 prohibiting livestock haulers from using double-deck trailers to carry horses to slaughter. 'The purpose of the regulations is to establish minimum standards to ensure the humane movement of equines to slaughtering facilities via commercial transportation,' USDA stated in the rule. However, the rules did not ban the commercial transport of horses in double-deck trailers over long distances to feedlots, for example, or to other interim points before they are transferred to single trailers for final transportation to a slaughter facility. Cohen's bill would close this loophole. 'Transporting horses in stacked double-deck trailers isn't just inhumane – it's dangerous,' Fitzpatrick said. 'These trailers were never designed for animals of this size and using them puts both horses and drivers at serious risk. This bill is long overdue, and it's time to get it across the finish line.'The bill made it through the House twice, in 2020 and 2022, when it was attached to larger pieces of legislation, but has yet to get through the Senate. If passed, the measure would likely affect only a small sector of trucking, based on owner-operator data. In a 2022 member survey conducted by the Owner-Operator Independent Drivers Association Foundation, only 1% of respondents indicated that livestock trailers were the type of trailers they primarily pull. FreightWaves has reached out to OOIDA for comment. Lawmaker introduces bill codifying English proficiency for truckers Legislation aims to jump-start rollout of driverless vehicles Lawmakers propose tax relief for truck drivers Click for more FreightWaves articles by John Gallagher. The post Lawmakers reintroduce ban on hauling horses in double-deck trailers appeared first on FreightWaves.
Yahoo
4 days ago
- Business
- Yahoo
Blitz week breakdown: top violations; authority approvals down 50%; tariffs?
This embedded content is not available in your region. On episode 844 of WHAT THE TRUCK?!? Dooner is catching up with SearchCarrier's Garrett Allen. His new site allows you to easily look up any carrier and see how often it's been put out of service, inspected and more. We're also diving into his blitz week dashboard to break down this year's top violations. Konexial's Jerry D'Addesi on the latest in AI load matching, double broker prevention and edge computing. Is the FMCSA starting to take freight fraud more seriously? After FMCSA's identity verification became mandatory in April 2025, published authority counts dropped by over 50%. We'll take a look at the numbers. And in headlines: tariffs on, tariffs off; fast food restaurants vs fleet sizes; excessive LEGO sets and more. Chapters 3:04 New authority approvals down 50% 5:19 Tariffs on, tariffs off, tariffs on8:16 Fleet sizes vs. fast food restaurant locations 10:52 Konexial | Jerry D'Addesi 16:54 FreightTech innovations | Jerry D'Addesi 20:15 Too much LEGO 22:40 SearchCarriers | Garrett Allen27:41 Blitz week breakdown | Garrett Allen Catch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM's Road Dog Trucking Channel 146. Watch on YouTube Check out the WTT merch storeVisit our sponsor Subscribe to the WTT newsletter Apple Podcasts Spotify More FreightWaves Podcasts The post Blitz week breakdown: top violations; authority approvals down 50%; tariffs? | WHAT THE TRUCK?!? appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
