Covid shut down may shut down YRC

[Manonthestreet]

One of largest LTL carriers has quit paying their health insurance. Heard it thru the grapevine, then bumped into one of their drivers who used to be a customers lead dockman. They can still use it for now. According to him they are waiting on some sort of govt covid cash. YRCW Teamsters members still getting benefits in 8-week extension - FreightWaves

 

[Sunni Man]

Please spell out your acronym's so we can know what the heck you are talking about? ..

 

[Manonthestreet]

Please spell out your acronym's so we can know what the heck you are talking about? ..

LArge LTL CARRIER YELLOW FREIGHT...its in the link....

 

[White 6]

One of largest LTL carriers has quit paying their health insurance. Heard it thru the grapevine, then bumped into one of their drivers who used to be a customers lead dockman. They can still use it for now. According to him they are waiting on some sort of govt covid cash. YRCW Teamsters members still getting benefits in 8-week extension - FreightWaves

Was in that situation except for waiting for Gov to bail out during the mid 70s. We all got screwed while they continued to take out our health insurance contributions and savings bond deductions for months until people found out their hospitals and doctors were holding them responsible as if we had no insurance because the company had quit sending in the payments. Then the company took bankruptcy, we became unsecured creditors and didn't get jack$hit.

 

[Sunni Man]

YRCW?? ...