Yellow Corp. intends to lower the number of terminals in its network from 316 to 300 by the end of the year as the less-than-truckload carrier seeks to slash expenses even further, according to company executives. Following the release of Yellow's first-quarter financial results on Tuesday, chief operating officer Darrel...
Last week, diesel stockpiles on the East Coast tightened again.
The diesel market took opposite paths on Wednesday, adding to the uncertainty and confusion that purchasers have been dealing with for weeks. The weekly publication of information from the Energy Information Administration loomed large over trading, showing that inventories of ultra-low sulfur diesel (USLD) on the United States' East Coast,...
UPS debt has been upgraded by S&P, and the company’s delivery volume standards have been changed.
UPS Inc. has set a new and higher "baseline" for package-delivery volumes as a result of its performance since the COVID-19 pandemic took hold more than two years ago, according to Standard & Poor's, which upgraded UPS' debt to an "A" rating from an "A-minus" rating on Wednesday. S&P's global...