Month: November 2025

Bankrupt Yellow Corp. has agreed to terms with 14 multiemployer pension plans regarding more than $7.4 billion in claims stemming from the former less-than-truckload carrier’s 2023 shutdown. A motion filed this week with a federal bankruptcy court in Delaware is seeking approval for term sheets allowing roughly $1.5 billion in withdrawal liability and other claims… Continue reading Yellow settles with pensions

Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truckers lift nationwide blockades after reaching deal; Jisu Fortune arrives in Mexico with more than 5,000 vehicles from China; and Dual Borgstena opens a new automotive plant in Coahuila, creating up to 900 jobs. Truckers… Continue reading Borderlands Mexico: Truckers lift nationwide blockades after reaching deal 

FedEx Corp. has canceled the December flight schedule for its fleet of MD-11 cargo jets, FreightWaves has learned, further signaling that federally-mandated inspections following the fiery crash of one of the planes early this month will take significantly longer than originally anticipated. The development dovetails with recent internal communications from UPS and Western Global Airlines,… Continue reading FedEx scrubs MD-11 flights for December as crash inspection drags on

The Administration has announced a major new initiative targeting the financial channels used by undocumented immigrants, marking a strategic and powerful shift in enforcement priorities. Moving beyond traditional border security measures, this action focuses on financial institutions and money transmitters that facilitate the transfer of funds from undocumented workers to their home countries, effectively targeting… Continue reading The Feds drop the hammer on illegal immigration

Odyssey Logistics has had its debt rating cut by Moody’s for the second time in less than three months, a rapid deterioration that is far quicker than normal movements by a ratings agency. Moody’s (NYSE: MCO) said Monday it was reducing its corporate family rating on Odyssey to Caa-1 from B3. The B3 rating had… Continue reading Odyssey Logistics hit with a 2nd Moody’s ratings downgrade since September