Yellow is kaput

[Manonthestreet]

Yellow is ceasing 'regular operations' on Friday

Yellow told nonunion employees that all locations are shutting down or seeing layoffs. The trucking company said regular operations cease Friday.

www.freightwaves.com

Never paid the taxpayer back for their bailout. After talking to a Yellow driver last week I cant believe some of the stuff they let their employees do. One that would get me fired on the spot is disabling the collision avoidance system.

 

[Augustine_]

$700 million in forgiven PPP loans, and barely a soul complained.

 

[Michael1985]

I saw the thread and immediately thought it was the Coldplay song I just so happened to be listening to at the time. :\

 

[Moonglow]

Yep, pandemic-level payouts for delivery have dropped as supply chains catch up.

 

[Manonthestreet]

Poor mgmt

 

[Moonglow]

Poor mgmt

Have you told Saia yet?

 

[Manonthestreet]

Have you told Saia yet?

Saia is another shit company that nobody wants to work for unless they have no choice

 

[1srelluc]

Yellow Fright has sucked for years. Crap drivers and equipment. When I worked for Dupont we would not allow their drivers to back into our docks because they kept fucking up. We made them drop their trailer and our spotter tractor moved it.

 

[Missourian]

It's official...

Teamsters Notified That Yellow Corp. Operating Companies Have Closed

The Teamsters Union was served legal notice today that Yellow Corp. is ceasing operations and filing for bankruptcy.

teamster.org

 

[Missourian]

Npr is blaming the threat of strike for the end of Yellow.

Article says 80% of Yellow's customers fled last week and did not return.

Surprising take from a left wing outlet.

https://www.npr.org/2023/07/30/1190960948/yellow-trucking-shutdown-explained

 

[Thunk]

Yellow has ceased operations. 30,000 employees, 12,000 trucks

Trucking giant Yellow collapsed on Sunday, ceasing operations immediately and leaving some 30,000 workers without jobs.

The closure is the biggest in terms of jobs and revenue in the U.S. trucking industry, according to The Wall Street Journal - which first reported its shutdown.

The company, which received $700 million in federal COVID relief funds in 2020, is preparing to file for bankruptcy and is in talks to sell off all or parts of the business.

The nearly 100-year-old firm is known for its competitive pricing and has more than 12,000 trucks shipping freight across the US for brands including Walmart and Home Depot.

Yellow ceases operations, bankruptcy expected

The third-largest LTL carrier posted notifications to customers and employees at terminals on Sunday.

www.transportdive.com

Yellow ceases operations

Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.

www.freightwaves.com

WSJ News Exclusive | Trucking Giant Yellow Shuts Down Operations

The 99-year-old company with 22,000 Teamsters employees advises customers and workers of shutdown.

www.wsj.com

US trucking firm Yellow shuts ops, to file for bankruptcy, Teamsters say

Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.

www.reuters.com

 

[shockedcanadian]

Wow. You would think a company that old in a nation like the U.S that requires transport would never go under. What challenges did they face?

 

[Thunk]

This just happened today...hours ago.

 

[MarathonMike]

Maybe this is strategic to get the Teamsters Union out.

 

[Thunk]

What challenges did they face?

Biden and democrats!

 

[braalian]

Never heard of them

 

[pknopp]

If one got $700 million of taxpayers dollars and still couldn't make it, well................................

Maybe they should have went under before the taxpayers lost $700 million.

 

[candycorn]

Yellow has ceased operations. 30,000 employees, 12,000 trucks

Trucking giant Yellow collapsed on Sunday, ceasing operations immediately and leaving some 30,000 workers without jobs.

The closure is the biggest in terms of jobs and revenue in the U.S. trucking industry, according to The Wall Street Journal - which first reported its shutdown.

The company, which received $700 million in federal COVID relief funds in 2020, is preparing to file for bankruptcy and is in talks to sell off all or parts of the business.

The nearly 100-year-old firm is known for its competitive pricing and has more than 12,000 trucks shipping freight across the US for brands including Walmart and Home Depot.

Yellow ceases operations, bankruptcy expected

The third-largest LTL carrier posted notifications to customers and employees at terminals on Sunday.

www.transportdive.com

Yellow ceases operations

Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.

www.freightwaves.com

WSJ News Exclusive | Trucking Giant Yellow Shuts Down Operations

The 99-year-old company with 22,000 Teamsters employees advises customers and workers of shutdown.

www.wsj.com

US trucking firm Yellow shuts ops, to file for bankruptcy, Teamsters say

Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.

www.reuters.com

When I ran out of podcasts and books to listen to while driving around Texas this past weekend, I listened to XM Radio. One of the stations they have is for truck drivers. This was a hot topic of discussion.

I didn't know Yellow was such a large player in the LTL industry--that means Less Than Truckload to the uninformed. What that also means is that they perform a lot of the "last mile" deliveries; not warehouse to depot but from depot to customer/wholesaler. Of all of the links in the supply chain; this is arguably the most crucial.

It was brought up by more than one of the guests that Yellow may fall into that category of being "too big to fail".

 

[Thunk]

I didn't know Yellow was such a large player in the LTL industry--that means Less Than Truckload to the uninformed. What that also means is that they perform a lot of the "last mile" deliveries; not warehouse to depot but from depot to customer/wholesaler. Of all of the links in the supply chain; this is arguably the most crucial.

HOLY SHIT!

Mark this day in history!!!

CanOcorn actually posted something worth reading!

 

[candycorn]

HOLY SHIT!

Mark this day in history!!!

CanOcorn actually posted something worth reading!

I'll let you know when you do. Don't hold your breath.