91��Ƶ

Hedge fund MFN and its affiliate objected to confirmation of the plan because they believe the unsecured creditors will have too much influence on where the funds are dispersed.

The company posted net income of $7.86 million, or 5 cents a diluted share, for the three months ended Sept. 30. That compared with $30.5 million, 19 cents, a year earlier.

The 100,000-square-foot plant is designed to process thousands of shipments weekly, serving the Dallas-Fort Worth metroplex and Maersk’s broader national network.

ArcBest plans to launch a proprietary transportation management system in early 2026 that will be known as “ArcBest View,” top executives said.

The U.S. Court of Appeals for the Third Circuit affirmed a September 2024 decision by Judge Craig Goldblatt that left Yellow on the hook for $6.5 billion in claims by the pension plans.

On a panel at the FTR conference, when asked how the reclassification was going so far, Echo Global Logistics Senior Vice President Marty Martin said: “I’d put it in the TBD category.”

Three more less-than-truckload service terminals once operated by Yellow are close to finding new owners, including two in Canada, according to a court filing.

The Phoenix-based truckload motor carrier posted net income of $34.2 million, or 21 cents a diluted share, for the three months ending June 30. That was 68.7% higher than last year.

Carriers across the various segments of the trucking industry navigated difficult business conditions in 2024 as freight market conditions remained unfavorable.

Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.