Industry News YRC Worldwide (YRCW), parent to YRC Freight and regional LTL carriers Holland, New Penn and Reddaway, announced the U.S. Treasury will provide a loan of $700 million under the CARES Act. The loan agreement calls for the U.S. Treasury to receive 29.6% equity ownership in YRCW. Class 8 retail truck sales fell 43.5% […]
Industry News JOC’s Truckload Capacity Index (TCI)(TCI) continued its decline for the 4th straight quarter as large carriers eliminated capacity. The large carriers reduced capacity upwards of 4% by reducing their independent contractors and foregoing hiring new drivers. DAT Solutions has acquired Freight Market Intelligence Consortium (FMIC) from Chainalytics. The acquisition highlights the market is […]
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