https://www.msn.com/en-us/money/companies/trucking-giant-yellow-shuts-down-the-99-year-old-company-which-has-almost-30-000-staff-and-12-000-big-rigs-ceases-operations-immediately/ar-AA1eySAM?ocid=msedgntp&cvid=78f393b46a8f479486733bd9a4cd58da&ei=55
Ceased operations due to intransigent Unions and declining freight demand.
ScottW
https://www.msn.com/en-us/money/companies/trucking-giant-yellow-shuts-down-the-99-year-old-company-which-has-almost-30-000-staff-and-12-000-big-rigs-ceases-operations-immediately/ar-AA1eySAM?ocid=msedgntp&cvid=78f393b46a8f479486733bd9a4cd58da&ei=55
Ceased operations due to intransigent Unions and declining freight demand.
On 7/31/23 11:06 AM, ScottW wrote:
https://www.msn.com/en-us/money/companies/trucking-giant-yellow-shuts-down-the-99-year-old-company-which-has-almost-30-000-staff-and-12-000-big-rigs-ceases-operations-immediately/ar-AA1eySAM?ocid=msedgntp&cvid=78f393b46a8f479486733bd9a4cd58da&ei=55
Ceased operations due to intransigent Unions and declining freight demand.https://www.washingtonpost.com/business/2023/07/31/yellow-trucking-shutdown-bankruptcy/
"While the turbulence of recent months accelerated company losses, Yellow’s struggles can be traced back some 15 years, Atkins said — beginning with a series of acquisitions that the company failed to
smoothly integrate into its business. That led to persistent
inefficiencies, financial struggles and tensions with the union over
wages and benefits."
There's always more to it.
On Monday, July 31, 2023 at 2:21:30 PM UTC-7, mINE109 wrote:
On 7/31/23 11:06 AM, ScottW wrote:
https://www.msn.com/en-us/money/companies/trucking-giant-yellow-shuts-down-the-99-year-old-company-which-has-almost-30-000-staff-and-12-000-big-rigs-ceases-operations-immediately/ar-AA1eySAM?ocid=msedgntp&cvid=78f393b46a8f479486733bd9a4cd58da&ei=55
Ceased operations due to intransigent Unions and declining freight demand. >> https://www.washingtonpost.com/business/2023/07/31/yellow-trucking-shutdown-bankruptcy/
"While the turbulence of recent months accelerated company losses,
Yellow’s struggles can be traced back some 15 years, Atkins said —
beginning with a series of acquisitions that the company failed to
smoothly integrate into its business. That led to persistent
inefficiencies, financial struggles and tensions with the union over
wages and benefits."
There's always more to it.
Dig deeper. You'll likely to find the gov't is going to be left with a big fat unpaid loan
they pushed on Yellow during Covid.
Sysop: | Keyop |
---|---|
Location: | Huddersfield, West Yorkshire, UK |
Users: | 300 |
Nodes: | 16 (2 / 14) |
Uptime: | 34:04:50 |
Calls: | 6,707 |
Files: | 12,239 |
Messages: | 5,353,270 |