Just read... There are more buyers than sellers? This tells me there will be an investigation and Government will freeze monies. I wish the Government shut down...... Get an Attorney in Finances or Hire Trump......
Congress appears to be on track to trigger a government shutdown on October 1, 2023, because it is not expected to pass the 12 appropriations bills that fund government operations before the start of the new fiscal year.
this article will help you understand what is happening as Yellow is just the first of many to come. rate rejects are at an all-time low which means nobody is rejecting a load even if it means they lose money. Most trucking firms has loads of cash on hand from high post-covid load costs coupled with low price of diesel but many new companies opened up to capitalize on this same opportunity. Since the big boys had tons of cash they thought they would withstand low rejection rates and kick these new kids out of the business but all that cash is now gone and they can no longer keep taking loads as they're losing money.
the stock boomed after the bankruptcy declaration but take a look at the top 2 shareholders. #1 is a hedge fund manager who own 43% of the company and bought 9M additional shares last Monday followed by the, ahemm, US Treasury Department (?) which have 31%. very strange
www.freightwaves.com
the stock boomed after the bankruptcy declaration but take a look at the top 2 shareholders. #1 is a hedge fund manager who own 43% of the company and bought 9M additional shares last Monday followed by the, ahemm, US Treasury Department (?) which have 31%. very strange
The freight market downturn is a year old. When will the market turn around?
It has been a year since I wrote “Why I believe a freight recession is imminent.”
www.freightwaves.com
