ECONOMICS

By Todd Maiden of FreightWaves

An order was entered in a Delaware bankruptcy court Thursday naming less-than-truckload carrier Estes Express Lines’ $1.525 billion stalking horse bid as the winning offer of Yellow Corp.’s portfolio of owned terminals.

Bid protections for Estes were also approved, including a $7.5 million breakup fee and expense reimbursement up to $1.6 million.

Yellow filed for bankruptcy on Aug. 6 after failing to reach terms with its union workers on a (more…)

Authored by Bruce Wilds via Advancing Time,

All fiat currencies are no more than floating abstractions of value. Society has put its faith in fiat currency issued by governments. These government-issued currencies are not backed by a physical commodity, such as gold or silver, but rather by the promises from the government that issued it. A difficult question investors today face is determining which assets will appreciate most thus rising in value and which form to hold their (more…)

By Larry Avila of TruckingDive

Growing its private fleet is part of Dollar General’s overall strategy to reduce costs and gain more operational control of its supply chain by expanding its distribution network and relying less on third-party (more…)