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.
August 16, 2023Fleet Equipment News
Commercial freight transportation is a machine-based business. Highly technical equipment and advanced engineering are at the center of supply chain and require constant innovation. Transport Topics equipment coverage focuses on the machines and other physical assets that make delivery possible. It looks closely at available truck, trailer, and chassis models, developments in the engineering space, and maintenance innovations and best practices.
Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
Medium-Duty Truck Sales Jump 10.9% in July
U.S. retail sales for medium-duty trucks grew 10.9% in July compared with the year-ago period, according to data from Wards Intelligence.
August 15, 2023NTDC Spotlight: Roland Bolduc, Part 4
Roland Bolduc of FedEx Express will set his sights on his third NTDC title this week. He'll be packing inspiration — and some dogged determination — when he takes the course.
August 15, 2023David Fountain Finds Connections, Camaraderie at NTDC
For FedEx Express’ David Fountain, the grand champion from South Carolina, connecting with fellow drivers is the true essence of American Trucking Associations' annual safety showcase.Â
August 15, 2023Daimler Truck CEO Martin Daum to Be Interim CFO
Daimler Truck AG CEO Martin Daum will temporarily assume the role of chief financial officer at the original equipment manufacturer, the company said Aug. 14.
August 14, 2023Nikola to Halt Sales, Recall Trucks After Battery Fires
All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said.
August 14, 2023Yellow Looks to Finalize Bankruptcy Loan
Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.
August 11, 2023SAF-Holland Q2 Sales Soar on North American Demand
Sales at SAF-Holland jumped in the second quarter of 2023 on the back of North American trailer and truck markets plus increasing demand for disc-braked axle systems for trailers.
August 11, 2023July Class 8 Sales Up 2.5% Year-Over-Year
U.S. Class 8 retail sales in July increased 2.5% from a year ago but were down from the prior month, Wards Intelligence reported.
August 11, 2023Iowa Champ Mindy Rathjens Eager for Debut at NTDC
For Mindy Rathjens, everything clicked once she got behind the wheel at the Iowa Truck Driving Championships. The 3-axle winner and state grand champion now sets her sights on nationals.
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