FILE – Yellow Corp. trucks navigate the YRC Freight terminal Friday, July 28, 2023, in Kansas City, Mo. Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. (AP Photo/Charlie Riedel, File)(AP)
NEW YORK (AP) — Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports.
After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday.
In an announcement early Monday, the Teamsters said that the union received legal notice confirming Yellow was ceasing operations and filing for bankruptcy.
Pay the $700 million you took back to We the People. We want to see an audit of what this trucker company did with the $!
It’s not just Yellow collapsing and 30K people being let go, it’s also about all the ancillary businesses that support them. This isn’t a hiccup in the economy, it’s a snowball.
That’ll cure these pesky “supply chain problems” that have been plauging us almost 4 years now…?
Notice how ‘the pandemic’ is the excuse for every fuckup, mis-step, laziness, or any other form of failure, so long as its not my faukt!
In my experience in the professional world if you had a business problem that lasts 3 years without addressing or contingency planning you were a bad manager. But thats just me. I never did like excuses, they’re like assholes.
The teamsters is the mob. Always has been.
Teamsters losing job. GOOD!