News
Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
TMS to release new user interface with improved mobile functionality
The way that people work has changed dramatically in the last two decades, but most noticeably over the last few years with the rise of remote work. According to a Pew Research Center survey from February, of those who can…
White Paper: Q3 2023 Carrier Rate Report
FreightWaves’ Carrier Rate Report — presented in partnership with DDC FPO and Trimble — provides a review of the previous quarter and a forecast for the coming months. Featuring insights from a survey of carriers alongside…
TruckParkingClub.com expands into 8 states
TruckParkingClub.com announced Wednesday it has expanded its parking marketplace to eight states and is now servicing Indiana, Iowa, Kansas, Kentucky, Minnesota, Michigan, Ohio and Wisconsin. The scarcity of truck parking…
Bata members vote to retain co-op status
Farmers Weekly North Yorkshire based farm and country supply business Bata is to remain a co-operative after members rejected a proposal to convert it to a private company limited by shares. The board’s plan to demutualise…
Daily Infographic: Class I railroad train lengths (feet)
To view more FreightWaves infographics, click here The post Daily Infographic: Class I railroad train lengths (feet) appeared first on FreightWaves.
Malaysian cargo airline Raya leases ATSG’s 1st Airbus freighters
Air Transport Services Group, a diversified lessor and operator of cargo aircraft, has rented out its first Airbus freighters to an airline in Malaysia and is raising debt to help fund more aircraft investment and buy back…
Could carbon-cutting carinata give growers a profitable break?
Farmers Weekly Seed technology firm Nuseed is hoping successful UK trials of new Brassica carinata varieties over the next two years will offer growers a new combinable crop opportunity to help boost farm income and…
Apollo sells Yellow term loan to Citadel
Apollo Global Management has sold the term loan it held for Yellow Corp. and has withdrawn its proposal for bankruptcy financing, according to Financial Times. Miami-based hedge fund Citadel has acquired Yellow’s $485…
Plastic tax making twine producers uncompetitive
Farmers Weekly Uncertainty surrounding a plastic packaging tax introduced in 2022 has created an uneven playing field for netwrap and baler twine prices. The £210.82/t tax, which is levied on all plastic goods that don’t…
