My father, and many other thousands of people were told that TODAY was their last day. I hope everyone who's going to try and find a job has luck in this industry...I'm so sorry to everyone for this. I'm not a worker, in fact, I'm a 19 year old college student....but I felt the blow of this harder than anyone my age. My dad's 27 year career is over with this company and there's nothing he can do. Just another example of hard working Americans getting screwed over....
I'm a 26 year employee city driver for Holland in Chicago. We gave up much to save this company, and in the end, it didn't work. They have mismanaged this company for as long as I can remember. I just want it to end so I can figure out my last 10 years to work. I'm disgusted with how this ended, but I have to drive on.. if anyone knows of LTL companies looking for help, I will be at the front filling out an application
@777Chris77 R&L is actually moving into my terminal in wheeling Illinois. I will fill out to apply for Linehaul with them when the terminal reopens in 6 months, I assume thanks for the heads up
I was a Reddaway line hual driver until last november. I miss the people, each terminal was like a brotherhood, but I will not miss the company, I won't miss working nights, and I won't miss waiting 3 hours to get trailers to start my 500+ mile drive, when there's a snow storm heading in.
Were you an ops or a TM? Whatever the case good luck I’m hopeful you were actually one of the rare competent ones. Here at my terminal ops is a snake and is trying to take down the TM because they aren’t promoting him so he feeds the TM bs not only that he is a lazy narcissistic ahole and the only reason he made it to ops is because he was a d sucker and threw all fellow supervisors under the bus when he didn’t do anything they didn’t do lol promoting people here at my terminal atleast is based on being a snake and being as lazy as possible. The TM on the other hand has never even been in the industry doesn’t know what’s going on and is fed bad info by the ops who is supposed to be training him it’s truly sad.
Not surprised, this is the crappiest carrier we have ever used. They have lost every single pallet we ever shipped though them. Losing pallets for weeks at a time will kill your business in a hurry.
I am a line haul driver with the 15% pay cut I lost roughly $300 or so dollars a week do the calculation roughly $6 billion dollars over the last 13 years in wages that was giving back to the Yellow Freight
I’ve worked for this company for 18 years. They need to save money and cut expenses anywhere possible, but refuse to let us work from home. It seems like a no brainer. Instead, they keep wasting money renting our office space. 🤦🏻♀️
The company spent part of the 700 million government loan changing the name back to yellow. Then moved part of corporate to nashville in a high rent district. Everytime they get concessions from teamsters they gave themselves a bonus.
@@cliffbrown2566 That move was wrong in so many ways. But with all them VP's there wasn't enough room in Overland Park and most of them probably didn't like the winters in Kansas.
Only been with Yellow for 5 years but the amount of wasted money and bad decisions was astounding!!! I am sure all the higher execs got their "severence pay". I do not blame the union where i am from, they did what the majority of drivers wanted. I was a line driver who didn't want to be a utility driver. Also, for the record, the company STILL hasn't formally told any of us drivers we are laid off... all they would say is operations are halted and bids are canceled, go talk to your union.
I’m a new Penn driver and hoping we get out from under yellow. New Penn was the northeast leader. I worked like a dog there they were freight people they had their shit together. Yellow comes in and drivers jumped ship. I stayed. Yellow sucks miss the new Penn green.
right I miss holland once we started bring yeollw rag trailers serverival pull freight in my area early this year. they said he'll no lol they didn't know about merge
@@slowbrezze the yellow management team came in faking it and we told them they were doing things wrong and they didn’t care. They are freight people they are corporate slime. I’ve see this so many times. The ibt didn’t do anything they let this happen. Now we are dealing with the blame game. The facts is the management failed. Seen a lot of holland vans come in. We peddle out of 45s with 12’6 height cus a lot of low bridges in northeast. Never stacked and decked freight. Just put it on the floor maybe stack light things and lots of dunnage. Moved freight without alot of damage. Nemf went under and we turned into the retail garage dump.
agreed so way holland and reddawy all profits no debt and got ppl there freight numbers is part of it .but the numbers those 3 companies did also reflected really moving fright threw the system. and 3driven companies together should have been ok but once yellow got involved omg never seen so much freight left or line haul going out empty because yes weight wise or not full but as u know it's freight and if u got 6 to 8ft pallets that's 2klb and 4ft tall why not send it on .instead yellow thought oh lefts hold it send a driver empty to same destination with out nothing not full volume .
It’s sad to say but yellow is done and will file bankruptcy. My husband is from the terminal in Phoenix and he asked the termite manager for the truth of what’s going with yellow. He confirmed that the terminal will be closed by Monday and that yellow will be filing for bankruptcy.
@@danielweber1952 Roadway was hard to work for. They expected you to actually work. The 12 years witn yellow i saw too many slackers putting workload onto others.
Unions have no control over bad management . Maybe they should. But the base problem is these guys were allowed to borrow 2+ BILLION without adult supervision. Try and blame unions if you want, but we only borrow to buy a house so it don’t rain on our families:
And by the way the golden boys who did that walked alway as millionaires. . As these guys will. I saw a short of Bill Zollers today giving advice to not take the first thing that comes along. How prophetic, pathetically since he was the engineer of this train wreck. They all walk away still with a million. I didn’t make bad decisions; I’m loyal. Where’s the equity in our society? All I did was my job every day. Now I’m the only one damaged?! Talk bad about the union and kiss my a**.
so also to to get 700 million mines how and were is the billion company made. unless terms differ from other business that got covid money example to get 20k in covid bail out business had to make around 100k to
@@slowbrezze well, there again I don’t know. I work for a living and they didn’t ask me for any input about it. But I understand they got a large Covid payment that made the government a owner of the business. Now it would seem to me that someone better make things right….because they’re not going to be like the other millionaires who walked away….the govt. is gonna come looking….and measure some people up for striped suits…..all I know is I came to work every day and did what I’m supposed to do. And people like me end up being the only ones damaged!!! Not right.
Hey wait a minute: didn’t they get that government money and pay ourt executive bonuses in short order? So short it could look conspiratorial? Government audit investigators are coming. Better make it right and save yourselves from stripe suits and federal efficiency apartments.
So, let me get this straight.....The UNIONS just sat there watching, while Management......AND THEIR BANKS🤣.....borrowed 2 BILLION dollars...to pay for....WHAT, may I ask? Bubble gum...and Taylor Swift tickets?😆 .....hahaha....it SOUNDS TO ME like the UNIONS, maybe should have said SOMETHING if they were at all aware of this complete travesty!!.....🤣🤣
Not a fan of unions but the company has been making bad decision after bad decision over the last twenty years. Yellows corporate board is seriously amateur hour. The union member have already given up 15%-20% of pay and benefits over the last fifteen years. Yellow is already the lowest paying in the industry even though the company claims otherwise. How much are the rank and file both management and union member supposed to give up. No contribution towards retirement fund. Senior leadership have tanked this company sadly to the detriment of the employees that have made it their career.
When you can go to the government and get a 700 million dollar bailout, why run the company good? Guess Biden wouldn't give them any more. Thought he was the most union friendly president ever.
No the union made many concessions to help yellow. The top layer keep giving large bonuses to the execs who needs 28 vp in a company. No one. Yellow top execs should have been fired a long time ago. I feel bad for all 44000 people.
@@danb6838lol nor do you apparently. workers GAVE BACK over $1 billion since 2009 AND yellow got a 700 million loan from the Treasury in 2020 and still go bankrupt. and btw last yrs the top execs got 50 million in bonuses. thats on top of the fact that yellow started this mess when it bought roadway in 2003 with a huge loan, and several time since have done it to redaway then holland. The mismanagement is on a colosal scale.
I worked 10 years at Interstate Motor Freight in the Corporate office in Grand Rapids Michigan. In 1980s deregulation took them down and Chicago City Union wouldn’t agree to drop 15 %, resulting in bankruptcy. Then I worked in the Corporate office linehaul with Yellow for 30 years. Retired. Now union demands taking down another company. Unfortunately they will make not even half with a non union company. Union trucking is one of the few jobs where an individual could make more than someone with a masters degree. I hope O’Brien is having losing 30,000 jobs.
Who could have foreseen where "consolidation" might lead? ANSWER: anyone NOT obsessed with GREED!!! Despicable that workers and customers pay for incompetent management, YET AGAIN!!!
Yellow trucking needs fired ceo, board members try fix problems and us treasures should take over or $700 million dollars loses shut down. But it not fair for 30,000 workers with out job loses everything do poor leaderships from ceo to board members.
The Teamsters hold two seats on the board of directors since 2009 so the are just as much responsible for mismanagement over the past 13 years. And I guarantee you they didn't work for free.
That is great until they have to raise their rates to offset the wage increase and then someone undercuts with a company that’s hired cheap immigrants. The government will give the immigrants citizenship with the open borders and that company gets a big tax break for hiring the immigrants. They will be able to do the shipping cheaper and will take UPS’s business away and guess what the union drivers will be jobless just like the Yellow drivers. Who will be to blame the union’s company is already looking for investors it’s going to be called Non Union Express. The trucking industry is cut throat it can’t afford high wages, high fuel, high insurance, high interest rates, DOT regulations, the junk new trucks because of the EPA emissions regulations, and now in some states have to convert their trucks to electric. Watch and see there will be a non union trucking company take over Yellow and they have their mind made up to undercut and break UPS just remember NON UNION EXPRESS
Yellow is dead …my deepest condolences to the effected drivers and families hopefully the drivers can move on quickly and put this catastrophe behind them Godbless yellow employees
appreciate yes indeed job hunt is crazy yes it's jobs but omg rhe process has change unless one is strapped for drivers like immediately and within last month process is a long line of applicants and now those that stuck it out
Bottom line is yellow with the teamsters railroaded all its members years ago taking a 15% wage cut & worse off was the retirement part of doing away with the golden 80 replaced it with having to be 65 years old to retire with even less money was a brutal blow to many guys & many who had 30 plus years in the company but was in their 50s that passed away never getting to enjoy their retirement an absolute joke what YRC did to the many who put years in I even predicted one day this corrupt company would go under...
I'm with Yellow here in Houston and not even the Terminal Manager has said anything. The Regional Manager was packing his truck yesterday and Sales was seen leaving! Now it's just a matter of which bankruptcy is filed...11 (keep operating) or 7 (sell everything)!
We had Teamsters gave enough to Yellow government gave them plenty of money. They made plenty of money during the pandemic, so don’t give us that BS let them fall and will move on to another freight company.
I suspect that many of the old timers that are hanging on have been through this song and dance several times before and think they will figure out a last minute solution as they have in the past. I hope they can figure it out but I also think they have been dying for years and this will probably be the final blow.
Still here proud Reddaway employee ever since we were incorporated into this one company the quality of workers and quality of management has severely declined turnover rate is at an all time high I’ve been here 3 years first job out of highschool and the youngest on the dock but I work hard everyday because that was the culture of Reddaway before one yellow it’s truly sad how they killed not only Reddaway but holland and new penn we all have great work ethic and yellow is just trying to line it’s pockets I have hope I have connections in multiple other carriers to jump ship to but I’m going down with the ship first then finding a piece of drift wood to float me to my next endeavor if you’re a yellow employee no matter what I wish you well and if things get sorted maybe we can find a way to make all the companies into one and make it competitive and great again
Trucking companies big and small go out of business every year. Why does this turd of a company,that always looses its money and everybody else’s money Keep getting bailed out. Good riddance to them and all their garbage trucks clogging up the highway.
Greed from the top will do it every time. Screw the bottom as long as I receive my dividends. All trucks should stop and demand a larger piece of the pie!!!
Remember the head union guy said that its not a good job to have so go out of business. So with that being said the union is getting what they wished for. So good luck getting another job and enjoy the seniority list
Yeah, seems to me these unions are an overlooked problem, but what do I know... would you care to elaborate further? As I find this topic absolutely fascinating and well worth discussion!
This reminds me of the hostess company a couple of years ago that went bankruptcy also. Some of my friends worked for CF when they went bankruptcy they went to work for Walmart and retired from there at 55 yrs of age smart move..
This is sad to see as someone who has been in the trucking industry over 27 years . But , I can say I didn’t see it coming. With all the changes in the shipping industry with technology and young people no longer interested in doing this type of work .
They are going broke. I work for another Carrier and Yellow/YRC already pull out all their equipment/trailers from all warehouses also they pull out they stock exchange.
Unless there is some new rubes out there they are done. But July 31 doesn't make sense. Look at the books, moving corporate from Overland, KS to Nashville, TN saved zero dollars. You neglected to give us a treatise on eastern KS bankruptcy court vs middle TN court. The SEC filing a few years ago redefined who was and who isn't " officers" for the purpose of filing on stock sells or options. Too many signs say late August.
Funny thing is all this shit these podcasts saying is hearsay. I just wanted them to lay me off. I don't have any issue with starting on or working OTR once again. I am bless with good health, and since of great pride to be able to provide for my family. I am blessed
@@jeffk4111 That's not true. Yellow Corporation is the holding company. So they can get rid of Yellow freight and keep Holland, New Penn and Reddaway or vice a versa.
No the company was asking the union to open the contract a year early to help make financial concessions. This might have helped secure more funding from lenders. Then the lenders saw on Monday and Tuesday how many customers had been chased away buy all of the uncertainty. The situation was hopeless. Throw in the towel and let all of the employees move on.
There are dozens, if not hundreds of other thriving LTL companies out there. They've already been given 700 million dollars of taxpayer money how much more do they need? No one is too big to fail.
@@Mr_Cleanyeah those greedy guys at the top could be given 4 billion dollars and they would still come to us asking for more concessions a few years later. Us employees are worth saving but the leadership here isn’t.
I work for yellow out of 360 I just started this month what do I do? I'm new to the company the drivers here are very helpful and good people I don't want to just leave I just got here. How could people be ok with 20,000 people potentially losing their jobs?
@@pyro200777 I don't know how long you've been driving. I have been driving since 1998, I've seen a lot of companies close their doors with zero notice. One thing I would tell you is always have enough money on you to be able to make it back to your car/terminal if they close the doors and turn the fuel cards off.
@@adrielr5930 ahh so you do like money…I like your guff kid, I’ll let you in on a little insider tip. Beanie babies, they are the investment of the future, they are actually going to replace the dollar pretty soon. Throw everything you got into those as quickly as you can.
@@Charles-linquest-JR wait what? I thought the best investment was to buy a diamond iced out rollie. I heard dj Khaled call it the chandelier, I think.
They've always been expensive. The only times I've ever used them was because I was forced to use them at certain venues. Labor union finally got them.
@sbrazenor2 non union don't think you get paid or have employer sponsored health care in a non union outfit cause it's not as good at a non union outfit, most in america love voting and or going against their own interests
@@shawntruckingwithbs5302 I'm in a non-union company and I make more than a lot of my peers as a driver. (On track for about $110K this year.) We have a more comprehensive health plan than the Teamster's Blue Cross that's company paid, and a bunch of holidays, weeks of vacation, etc. My co-workers are also generally happier than the experience I have with union workers.
The company is heavily over staffed on the company upper Escalon. To many high priced executives that have no real position but t o draw a paycheck. I do know , seen it.23 yr usf Holland driver. Our wages are below non-union. Totally on upper management.
I would be more impressed if the top management would first of all trim management positions and eliminate positions. Second, management needs to take a huge pay cut, illuminate perks, and maybe sell half of their stock, and cut off all bonuses for the next 5 years or more to do what it needs to save the company.
You know…these last guys took government money…made the government a partner in the business….and paid executive bonuses in short order of time….making it look conspiratorial. Ironic that the millionaires who set this trainwreck in motion walked away….have walked clean. But the government audit investigators are coming. They should make it right; before they get measured for stripe suits:??
Apollo Global Management is the entity calling the shots in recent yrs and they want to bust the union and raid pensions, lay off workers, sell equipment, sell properties, and reorganize a new company ala Consolidate Freightways. Thats what they do.
I'm a ten year employee. First off.. Yellow has been mismanaged for YEARS and Years. Financially poor decisions. Cheap rates and undesirable freight does not equal profit. Secondly , offering free top-rate healthcare in our weakened state was also foolish. I'd gladly pay a portion of it if it meant survival. Lastly, Teamsters APPROVED the One Yellow merger of our separate companies to improve efficiency..yet decided to oppose it halfway through to protest contact work rules. Caused doublt with our customers. This final action ultimately killed us. I hope O'Brien and Zuckerman are happy for all of us now out of work. They could have worked out small details and negotiation in the Spring at contract time. Too little too late. Damn shame it had to end this way. Good luck and best wishes former colleagues.
@billcrowley4882 not a hater hard truth hard truth that hurts should have strike when they had the money when they got new Penn was all profits and was growing holland all profits and growing reddaway all profits grown all stood on there own no debts just regular pay roll fuel overhead and profit . yellow used the backs of all profits driven companies and goal was to deliver fright asap not hold freight they had numbers to make but the freight moving reflected the numbers in on time deliver less loss damage and claims the goal was to always clean the system even when fright missed cut times that fright went on a trailer or git diverted to next city that could service it the next day or two not 5days on guaranteed fright 2day freight if it missed sort best belive it was priority to get it there next not oh we missed it now focus on new frieght and let ones who paid wait because we missed it . that will mess up numbers.
true no offense taking yup was holding on because they always got help but the help was always on the backs of others and mad it work but reality is barley making it leads to this. so need to move fright just make the numbers look good with actually moving frieght and did in in the backs of new Penn holland and Reed away with all profit and no debt yellow consolidate there debts threw these 3 companies and couldn't sustain because they implemented there way or operating into these 3 striving companies that got itvdown they thought there way was better hell they did it to road way
If just the threat of a strike pushed them over the cliff, what the hell were they standing so close to the edge in the first place? Worst management ever.
@jadams60 My understanding is that Yellow was trying to reorganize its three different dlvisions into one for efficiency but the Teamsters refused. Management made multiple mistakes as well, but you don't overplay your hand and kill the company.
lol, wrong cochise, yellow (actually Apollo Global Management) told yellow not to pay what it owes workers and the union said no pay no work. The "negotiation" since last sunday was merely to allow yellow time to get all the freight in the system out before court.
Yellow was operating at a loss sending 2 drivers from 2 of our companies to the same customer. They wanted to merge their subsidiary companies to one network to save money on pick ups, hotel/motels by getting most drivers home daily. Phase I (western part of the country) was approved by the union and completed. Phase II (YRC and Holland/ Midwest) was supposed to happen a YEAR ago but Sean O’Brien rejected it because they didn’t want the bottom seniority to have to work the dock at the end of their shift. The teamsters didn’t even let the union workers vote on phase II up until sometime within the last couple weeks.I know several drivers that didn’t mind the dock work they just wanted to keep their jobs. One Yellow would have made Yellow profitable again but it would have most likely needed to get an extension on the 700 mil loan to the gov. And yes Yellow had way too many executives and wasteful spending. Both parties are at fault for gambling with 30,000 peoples jobs and families. I know of several families where husband and wife both worked for the company up until today. It’s all just a very sad mess. I can’t even believe it.
Since they are currently under contract, "transfer of title and interest" will apply, meaning the new owners will be required to recognize the bargaining unit before the sale happens. This did not happen at Hostess because the contract had expired
I called it correct, they bought a little time to get the ducks in a row. Conned the drivers and union They are returning parts, fuel, whatever they can and get all the cash and move on to the next opportunity. I also think Sean O’Brien is on the take.
We all came to the same conclusion when they started buying those cheap volvo's in massive numbers. They weren't fit for the job, especially out here in the PNW, running the I-84 into boise in a truck with no fog lights, no manual gear control, no sliding 5th wheel, no diff lock.... I mean wtf. Good riddance, I've moved on to bigger and better things, running dump trucks and home every day. No more nights and hotels.
@@jeremythornton3240you may want to consider that Obrien is as well since he WAS one of Hoffa's manin guys before they had a spat several yrs ago. The REAL reasons are in a good article this wk by Alex Findijs titled "Yellow Freight and Apollo Global Management: What Are Workers Up Against?"
Shippers are changing routings now. Its over. The major creditors, the US Treasury loan will be numero uno for one. The banking investment group as well. Yellows assets will be sold off to pay back debt to biggest creditors. The results of transportation deregulation in the Ronald Reagan era is taking its toll still as decades roll on by.
Complete bulshit if you're actually out here as a truck driver you would know this company going under would be good for the whole industry there's already too many trucks compared to the amount of Load. This will literally give the whole industry breathing room... at the end of the day, people going to have to lose their jobs anyway there's a lot of truck owners going bankrupt... it was not like saving this company will actually save jobs, bailout will just make sure millions are Still going to Mega carriers in their shareholders instead of going to truckers that own their own truck... there's simply no moral good in saving his company... is literally choosing to give money to greedy millionaires over putting that money back in the hands of everyday working truck drivers...
Unions rarely survive (without a bailout) in a hyperinflationary environment, and Yellow knows that, same thing happened in the late 70's, and inflation wasn't nearly as bad then, nothing needed to be imported from 5,000 mi. away like today, shipping everything from China will continue to drive prices on everything up 10x.
@@jasondanner6630 UPS had a strategic bailout caused by union associations a little over 10 years ago. Within that time, their market share has been ever declining (as has every single union associated company), Fedex is currently paving the way to become the largest overall market share holder while being non-union
@@kellyandrews8161Wall St you mean, just like CF 21 yrs ago and now its happenig to Yellow. Hedge funds and investment companies want to extract as much from the middle class as they can. For the REAL story of what this is about, look up "Yellow Freight and Apollo Global Management: What Are Workers Up Against?" by Alex Findijs
![YoungBoy Never Broke Again - Missing Everything [Official Video]](http://i.ytimg.com/vi/dTYeMZGzOzw/mqdefault.jpg)
My father, and many other thousands of people were told that TODAY was their last day. I hope everyone who's going to try and find a job has luck in this industry...I'm so sorry to everyone for this. I'm not a worker, in fact, I'm a 19 year old college student....but I felt the blow of this harder than anyone my age. My dad's 27 year career is over with this company and there's nothing he can do. Just another example of hard working Americans getting screwed over....
I'm a 26 year employee city driver for Holland in Chicago. We gave up much to save this company, and in the end, it didn't work. They have mismanaged this company for as long as I can remember. I just want it to end so I can figure out my last 10 years to work. I'm disgusted with how this ended, but I have to drive on.. if anyone knows of LTL companies looking for help, I will be at the front filling out an application
I drive Linehaul for R&L i know there's a few terminals around the Chicago area.
@777Chris77 R&L is actually moving into my terminal in wheeling Illinois. I will fill out to apply for Linehaul with them when the terminal reopens in 6 months, I assume thanks for the heads up
Amazon.
XPO
Estes
Looks like the higher ups are well taken care of.. these are the ones where the fat needs to be removed
I was a manager at a Yellow terminal and recently left the company. I didnt want to leave but it became unbelievably frustrating. I’ll miss it
It seems like a toxic shit show. I think in time you'll realize how bad it really was.
I was a Reddaway line hual driver until last november. I miss the people, each terminal was like a brotherhood, but I will not miss the company, I won't miss working nights, and I won't miss waiting 3 hours to get trailers to start my 500+ mile drive, when there's a snow storm heading in.
@@Jarl_Thidrandi So you're going to miss all the parts you find bad about working but not all the parts you find good?
Were you an ops or a TM? Whatever the case good luck I’m hopeful you were actually one of the rare competent ones. Here at my terminal ops is a snake and is trying to take down the TM because they aren’t promoting him so he feeds the TM bs not only that he is a lazy narcissistic ahole and the only reason he made it to ops is because he was a d sucker and threw all fellow supervisors under the bus when he didn’t do anything they didn’t do lol promoting people here at my terminal atleast is based on being a snake and being as lazy as possible. The TM on the other hand has never even been in the industry doesn’t know what’s going on and is fed bad info by the ops who is supposed to be training him it’s truly sad.
I work for yellow and this is stressful 😢
Your best bet it to jump ship. It'll be easier to find a place to land if you go before everyone else.
Plenty of jobs for hard workers out there
Worked.
Not surprised, this is the crappiest carrier we have ever used.
They have lost every single pallet we ever shipped though them. Losing pallets for weeks at a time will kill your business in a hurry.
Yellow needs to go away.
I am a line haul driver with the 15% pay cut I lost roughly $300 or so dollars a week do the calculation roughly $6 billion dollars over the last 13 years in wages that was giving back to the Yellow Freight
Wow, they stole 6 billion from you. You could of retired by now
I’ve worked for this company for 18 years. They need to save money and cut expenses anywhere possible, but refuse to let us work from home. It seems like a no brainer. Instead, they keep wasting money renting our office space. 🤦🏻♀️
The company spent part of the 700 million government loan changing the name back to yellow. Then moved part of corporate to nashville in a high rent district. Everytime they get concessions from teamsters they gave themselves a bonus.
@@cliffbrown2566 That move was wrong in so many ways. But with all them VP's there wasn't enough room in Overland Park and most of them probably didn't like the winters in Kansas.
Only been with Yellow for 5 years but the amount of wasted money and bad decisions was astounding!!! I am sure all the higher execs got their "severence pay". I do not blame the union where i am from, they did what the majority of drivers wanted. I was a line driver who didn't want to be a utility driver. Also, for the record, the company STILL hasn't formally told any of us drivers we are laid off... all they would say is operations are halted and bids are canceled, go talk to your union.
I’m a new Penn driver and hoping we get out from under yellow. New Penn was the northeast leader. I worked like a dog there they were freight people they had their shit together. Yellow comes in and drivers jumped ship. I stayed. Yellow sucks miss the new Penn green.
right I miss holland once we started bring yeollw rag trailers serverival pull freight in my area early this year. they said he'll no lol they didn't know about merge
@@slowbrezze the yellow management team came in faking it and we told them they were doing things wrong and they didn’t care. They are freight people they are corporate slime. I’ve see this so many times. The ibt didn’t do anything they let this happen. Now we are dealing with the blame game. The facts is the management failed. Seen a lot of holland vans come in. We peddle out of 45s with 12’6 height cus a lot of low bridges in northeast. Never stacked and decked freight. Just put it on the floor maybe stack light things and lots of dunnage. Moved freight without alot of damage. Nemf went under and we turned into the retail garage dump.
agreed so way holland and reddawy all profits no debt and got ppl there freight numbers is part of it .but the numbers those 3 companies did also reflected really moving fright threw the system. and 3driven companies together should have been ok but once yellow got involved omg never seen so much freight left or line haul going out empty because yes weight wise or not full but as u know it's freight and if u got 6 to 8ft pallets that's 2klb and 4ft tall why not send it on .instead yellow thought oh lefts hold it send a driver empty to same destination with out nothing not full volume .
All us workers just shut outta luck😢 they told us that at the terminal today
It’s sad to say but yellow is done and will file bankruptcy. My husband is from the terminal in Phoenix and he asked the termite manager for the truth of what’s going with yellow. He confirmed that the terminal will be closed by Monday and that yellow will be filing for bankruptcy.
Sad day 26 years in Oregon I just parked my tractor...they f 30 thousand hard working employees
I was part of roadway b4 yellow bought us. Its been a clusterfuck every since.
And before. The computer system was archaic!
@@danielweber1952 Roadway was hard to work for. They expected you to actually work. The 12 years witn yellow i saw too many slackers putting workload onto others.
It’s Zollars, and yes.
Unions have no control over bad management . Maybe they should. But the base problem is these guys were allowed to borrow 2+ BILLION without adult supervision. Try and blame unions if you want, but we only borrow to buy a house so it don’t rain on our families:
And by the way the golden boys who did that walked alway as millionaires. . As these guys will. I saw a short of Bill Zollers today giving advice to not take the first thing that comes along. How prophetic, pathetically since he was the engineer of this train wreck. They all walk away still with a million. I didn’t make bad decisions; I’m loyal. Where’s the equity in our society? All I did was my job every day. Now I’m the only one damaged?! Talk bad about the union and kiss my a**.
so also to to get 700 million mines how and were is the billion company made. unless terms differ from other business that got covid money example to get 20k in covid bail out business had to make around 100k to
@@slowbrezze well, there again I don’t know. I work for a living and they didn’t ask me for any input about it. But I understand they got a large Covid payment that made the government a owner of the business. Now it would seem to me that someone better make things right….because they’re not going to be like the other millionaires who walked away….the govt. is gonna come looking….and measure some people up for striped suits…..all I know is I came
to work every day and did what I’m supposed to do. And people like me end up being the only ones damaged!!! Not right.
Hey wait a minute: didn’t they get that government money and pay ourt executive bonuses in short order? So short it could look conspiratorial? Government audit investigators are coming. Better make it right and save yourselves from stripe suits and federal efficiency apartments.
So, let me get this straight.....The UNIONS just sat there watching, while Management......AND THEIR BANKS🤣.....borrowed 2 BILLION dollars...to pay for....WHAT, may I ask?
Bubble gum...and Taylor Swift tickets?😆
.....hahaha....it SOUNDS TO ME like the UNIONS, maybe should have said SOMETHING if they were at all aware of this complete travesty!!.....🤣🤣
Not a fan of unions but the company has been making bad decision after bad decision over the last twenty years. Yellows corporate board is seriously amateur hour. The union member have already given up 15%-20% of pay and benefits over the last fifteen years. Yellow is already the lowest paying in the industry even though the company claims otherwise. How much are the rank and file both management and union member supposed to give up. No contribution towards retirement fund. Senior leadership have tanked this company sadly to the detriment of the employees that have made it their career.
When you can go to the government and get a 700 million dollar bailout, why run the company good? Guess Biden wouldn't give them any more. Thought he was the most union friendly president ever.
26 year with yellow done today bad management killed us ...ofcourse they all got there bonuses...30k employees finished
@@daviddickson1166 Thank you Joe Biden.
It would take 6 to7 shares of Yellows stock to buy a Big Mac without fries
No the union made many concessions to help yellow. The top layer keep giving large bonuses to the execs who needs 28 vp in a company. No one. Yellow top execs should have been fired a long time ago. I feel bad for all 44000 people.
hahaha.......you're crying about 28 VPs..in a company of 44,000..🤣🤣!
......do you have ANY concept of what you're talking about?....🤣🤣
@@danb6838 Nope.
@@danb6838lol nor do you apparently.
workers GAVE BACK over $1 billion since 2009 AND yellow got a 700 million loan from the Treasury in 2020 and still go bankrupt.
and btw last yrs the top execs got 50 million in bonuses.
thats on top of the fact that yellow started this mess when it bought roadway in 2003 with a huge loan, and several time since have done it to redaway then holland.
The mismanagement is on a colosal scale.
Evil unions are like evil HOA.
I worked 10 years at Interstate Motor Freight in the Corporate office in Grand Rapids Michigan. In 1980s deregulation took them down and Chicago City Union wouldn’t agree to drop 15 %, resulting in bankruptcy. Then I worked in the Corporate office linehaul with Yellow for 30 years. Retired. Now union demands taking down another company. Unfortunately they will make not even half with a non union company. Union trucking is one of the few jobs where an individual could make more than someone with a masters degree. I hope O’Brien is having losing 30,000 jobs.
Who could have foreseen where "consolidation" might lead? ANSWER: anyone NOT obsessed with GREED!!! Despicable that workers and customers pay for incompetent management, YET AGAIN!!!
I had fun at yellow.. spent most my time in the restroom.. how do I get my union fees back
I am sorry nobody is not going to buy yellow, when they owe 700 million and also 25 million to the health care fund.
Thank God I have no debt!
My main goal is to completely be out of debt in 5 years 😂...
Yellow trucking needs fired ceo, board members try fix problems and us treasures should take over or $700 million dollars loses shut down. But it not fair for 30,000 workers with out job loses everything do poor leaderships from ceo to board members.
The Teamsters hold two seats on the board of directors since 2009 so the are just as much responsible for mismanagement over the past 13 years. And I guarantee you they didn't work for free.
That is great until they have to raise their rates to offset the wage increase and then someone undercuts with a company that’s hired cheap immigrants. The government will give the immigrants citizenship with the open borders and that company gets a big tax break for hiring the immigrants. They will be able to do the shipping cheaper and will take UPS’s business away and guess what the union drivers will be jobless just like the Yellow drivers. Who will be to blame the union’s company is already looking for investors it’s going to be called Non Union Express. The trucking industry is cut throat it can’t afford high wages, high fuel, high insurance, high interest rates, DOT regulations, the junk new trucks because of the EPA emissions regulations, and now in some states have to convert their trucks to electric. Watch and see there will be a non union trucking company take over Yellow and they have their mind made up to undercut and break UPS just remember NON UNION EXPRESS
Yellow is dead …my deepest condolences to the effected drivers and families hopefully the drivers can move on quickly and put this catastrophe behind them Godbless yellow employees
appreciate yes indeed job hunt is crazy yes it's jobs but omg rhe process has change unless one is strapped for drivers like immediately and within last month process is a long line of applicants and now those that stuck it out
i was laid off yesterday after 17 years and everyone stopped shipping with us and i don't blame them
For those who want the REAL story, look up "Yellow and Apollo Global Management: What Are Workers Up Against?" by Alex Findijs
The people inside don’t want mass exits, but it’s going to happen. They are done.
Sorry, to hear people are losing their jobs.
Bottom line is yellow with the teamsters railroaded all its members years ago taking a 15% wage cut & worse off was the retirement part of doing away with the golden 80 replaced it with having to be 65 years old to retire with even less money was a brutal blow to many guys & many who had 30 plus years in the company but was in their 50s that passed away never getting to enjoy their retirement an absolute joke what YRC did to the many who put years in I even predicted one day this corrupt company would go under...
You can predict that most companies will under at some point. And actually how many 100 plus year old companies are there.
26 years just parked my tractor finished..
They f 30 thousand employees...think I will go drink a beer
Hard to believe they're worse than Central Transport/ Pjax but here they are. 👹
Ship with frontline
I currently work in office at Yellow in canada and I’m in till the end
It's over today
I'm with Yellow here in Houston and not even the Terminal Manager has said anything. The Regional Manager was packing his truck yesterday and Sales was seen leaving! Now it's just a matter of which bankruptcy is filed...11 (keep operating) or 7 (sell everything)!
We had Teamsters gave enough to Yellow government gave them plenty of money. They made plenty of money during the pandemic, so don’t give us that BS let them fall and will move on to another freight company.
I Been threw 3 union company's going out of business in my 49 years in the freight business. It just freight business
I suspect that many of the old timers that are hanging on have been through this song and dance several times before and think they will figure out a last minute solution as they have in the past. I hope they can figure it out but I also think they have been dying for years and this will probably be the final blow.
kinda agree with this… i held on for 11 years but recently left
They probably have misplaced faith in Joe Biden. He'll probably leave them to rot.
What would pumping more cash do for the company. You would be better off burning it. 700 million….
Still here proud Reddaway employee ever since we were incorporated into this one company the quality of workers and quality of management has severely declined turnover rate is at an all time high I’ve been here 3 years first job out of highschool and the youngest on the dock but I work hard everyday because that was the culture of Reddaway before one yellow it’s truly sad how they killed not only Reddaway but holland and new penn we all have great work ethic and yellow is just trying to line it’s pockets I have hope I have connections in multiple other carriers to jump ship to but I’m going down with the ship first then finding a piece of drift wood to float me to my next endeavor if you’re a yellow employee no matter what I wish you well and if things get sorted maybe we can find a way to make all the companies into one and make it competitive and great again
@@Kingklown21 Trump as the new CEO? Make Yellow great again, he would love the orange coloring
This was happening in 2010 but usf redaway save them and now again
Trucking companies big and small go out of business every year.
Why does this turd of a company,that always looses its money and everybody else’s money
Keep getting bailed out.
Good riddance to them and all their garbage trucks clogging up the highway.
Nothing but old school Union Busters that's all.
Greed from the top will do it every time. Screw the bottom as long as I receive my dividends. All trucks should stop and demand a larger piece of the pie!!!
Yellow stock doesn't pay dividends.
Remember the head union guy said that its not a good job to have so go out of business. So with that being said the union is getting what they wished for. So good luck getting another job and enjoy the seniority list
Yeah, seems to me these unions are an overlooked problem, but what do I know... would you care to elaborate further? As I find this topic absolutely fascinating and well worth discussion!
ABF and TForce will be expanding like gangbusters
This reminds me of the hostess company a couple of years ago that went bankruptcy also. Some of my friends worked for CF when they went bankruptcy they went to work for Walmart and retired from there at 55 yrs of age smart move..
Probably but a lot of colleratal damage drivers.
lol but nobody puts blame where is SHOULD GO, on Wall St, specifically Apollo Global Management
Wind the Company down. Dissolve the Union and start over. 🤷♂️
Who is in her apartment coughing yesterday and now today they can’t leave the room
Lol😂
Bill Zollar and the Teamsters are a bad business model. Doomed from the start.
This is what happens when you haul cheap freight!!!😮
This is sad to see as someone who has been in the trucking industry over 27 years . But , I can say I didn’t see it coming. With all the changes in the shipping industry with technology and young people no longer interested in doing this type of work .
Look into YELLOW LOGISTICS. A 3PL Logistics Co. A subsidary of Yellow. This is where all the company money went.
I heard a rumor about that. That it’s taking over non union
Any of you drivers in the Detroit area look up Gorski bulk transport please let them know Francis thanks
They are going broke. I work for another Carrier and Yellow/YRC already pull out all their equipment/trailers from all warehouses also they pull out they stock exchange.
Thanks to the unions that is why this country is in trouble.
Unless there is some new rubes out there they are done. But July 31 doesn't make sense. Look at the books, moving corporate from Overland, KS to Nashville, TN saved zero dollars. You neglected to give us a treatise on eastern KS bankruptcy court vs middle TN court. The SEC filing a few years ago redefined who was and who isn't " officers" for the purpose of filing on stock sells or options. Too many signs say late August.
the move came just before Tn voted Right-to-work-for-less wording into the state constitution
If yellow survives they need to fire all there management from top to bottom GOD HELPS US ALL....
I love freight waves especially the host she’s very beautiful 🌹
And that is true no pickups the last 3 days... only delivers
SIMPLE CUT TEAMSTER BENIFITS STAY IN BUSINESS OR DEMAND SAME BENIFTS
AND GO OUT OF BUSINBESS. ITS THE UNION'S CHOICE
Memphis tn dock empty just about also.
Don't see how they'll come back from this.
Slow clap for the union.....
Yes, all of the employees should make all the money cause they have everything invested not the owners
Funny thing is all this shit these podcasts saying is hearsay. I just wanted them to lay me off. I don't have any issue with starting on or working OTR once again. I am bless with good health, and since of great pride to be able to provide for my family. I am blessed
No it’s being reported to vendors and customers of yellow
Holland transport is a yellow company, so if they stay in business they will have to pay the government 700 million back.
No, they go down with them
If Yellow is gone, Holland is gone.
@@jeffk4111 That's not true. Yellow Corporation is the holding company. So they can get rid of Yellow freight and keep Holland, New Penn and Reddaway or vice a versa.
They'll put that pension $ in their back pockets
Fed Gov will step in . No worries.
Yellow has been, and always will be known as the worst company in the ltl industry
Not worse than Central.
Lopez trucking was a total shit show, I think he would fiesta a little too hard before work
God help us
The company retracted this story , it was a fake story
It’s over
Naw it's true. They folding up
did they not just settle a new contract with the union??
No the company was asking the union to open the contract a year early to help make financial concessions. This might have helped secure more funding from lenders. Then the lenders saw on Monday and Tuesday how many customers had been chased away buy all of the uncertainty.
The situation was hopeless. Throw in the towel and let all of the employees move on.
They settled an extension with central states, this avoided the strike
Crazy how the U.S. can send other countries hundreds of millions of dollars but can’t help out hard working Americans save their jobs.
There are dozens, if not hundreds of other thriving LTL companies out there. They've already been given 700 million dollars of taxpayer money how much more do they need? No one is too big to fail.
@@Mr_Cleanyeah those greedy guys at the top could be given 4 billion dollars and they would still come to us asking for more concessions a few years later. Us employees are worth saving but the leadership here isn’t.
Andrew-ui1xr: so keep giving a company money that keep losing money. They haven't start paying back on the 700 million load the government gave them.
I work for yellow out of 360 I just started this month what do I do? I'm new to the company the drivers here are very helpful and good people I don't want to just leave I just got here. How could people be ok with 20,000 people potentially losing their jobs?
@@pyro200777 I don't know how long you've been driving. I have been driving since 1998, I've seen a lot of companies close their doors with zero notice. One thing I would tell you is always have enough money on you to be able to make it back to your car/terminal if they close the doors and turn the fuel cards off.
Another teamster company end is near. 😮😮😮😂😂😂😂
How many companies has it been now?!
Another horribly managed company bites the dust
Corporate Greed CEO DARREN HAWKINS MISMANAGEMENT YELLOW FREIGHT….
So no Yellow Logistics?
I just hate Yellow
Remember New Century….
Y know
So is it a good time to Invest in yellow stocks?
Only if you don’t like money
.40 cents a share??? Maybe at .20 cents I’ll think about it.
@@Charles-linquest-JR but, but... I want to become a believer, like warren Buffett.
@@adrielr5930 ahh so you do like money…I like your guff kid, I’ll let you in on a little insider tip. Beanie babies, they are the investment of the future, they are actually going to replace the dollar pretty soon. Throw everything you got into those as quickly as you can.
@@Charles-linquest-JR wait what? I thought the best investment was to buy a diamond iced out rollie. I heard dj Khaled call it the chandelier, I think.
Hey rach, quit twisting your hair on camera. Its not professional.
I wish she would wink and lick her lips
They've always been expensive. The only times I've ever used them was because I was forced to use them at certain venues. Labor union finally got them.
Come work for Walmart
applied yesterday
Surprised?
Hunter can be the new CEO 😂
Old news
Imagine, thousands of 62 mph trucks no longer camping in the passing lane!
Imagine all of the entitled union guys having to acclamate to non-union work. It's like leaving prison, I'll bet. 🤣
@@sbrazenor2yup it is some act like they owner ops lol also another reason saying what they are an not go take literally doing it
@@sbrazenor2 non union and work kinda have the same meaning.
@sbrazenor2 non union don't think you get paid or have employer sponsored health care in a non union outfit cause it's not as good at a non union outfit, most in america love voting and or going against their own interests
@@shawntruckingwithbs5302 I'm in a non-union company and I make more than a lot of my peers as a driver. (On track for about $110K this year.) We have a more comprehensive health plan than the Teamster's Blue Cross that's company paid, and a bunch of holidays, weeks of vacation, etc. My co-workers are also generally happier than the experience I have with union workers.
Any infusion of cash will only be with major concessions from the Teamsters. It's just not gonna happen.
The company is heavily over staffed on the company upper Escalon. To many high priced executives that have no real position but t o draw a paycheck. I do know , seen it.23 yr usf Holland driver. Our wages are below non-union. Totally on upper management.
Terrible. smh
I would be more impressed if the top management would first of all trim management positions and eliminate positions. Second, management needs to take a huge pay cut, illuminate perks, and maybe sell half of their stock, and cut off all bonuses for the next 5 years or more to do what it needs to save the company.
You know…these last guys took government money…made the government a partner in the business….and paid executive bonuses in short order of time….making it look conspiratorial. Ironic that the millionaires who set this trainwreck in motion walked away….have walked clean. But the government audit investigators are coming. They should make it right; before they get measured for stripe suits:??
Apollo Global Management is the entity calling the shots in recent yrs and they want to bust the union and raid pensions, lay off workers, sell equipment, sell properties, and reorganize a new company ala Consolidate Freightways.
Thats what they do.
she so fine 😩
Join the military. Plenty of business in War.
I'm a ten year employee. First off.. Yellow has been mismanaged for YEARS and Years. Financially poor decisions. Cheap rates and undesirable freight does not equal profit. Secondly , offering free top-rate healthcare in our weakened state was also foolish. I'd gladly pay a portion of it if it meant survival. Lastly, Teamsters APPROVED the One Yellow merger of our separate companies to improve efficiency..yet decided to oppose it halfway through to protest contact work rules. Caused doublt with our customers. This final action ultimately killed us. I hope O'Brien and Zuckerman are happy for all of us now out of work. They could have worked out small details and negotiation in the Spring at contract time. Too little too late. Damn shame it had to end this way. Good luck and best wishes former colleagues.
It was said Y.R.C meant "Yellow Ruins Companies" and "Your Retirement Cancelled" but them good company men kept giving in to their own demise.
The words of a hater or a scab. Because the company doesn't control the pensions.
@billcrowley4882 not a hater hard truth hard truth that hurts should have strike when they had the money when they got new Penn was all profits and was growing holland all profits and growing reddaway all profits grown all stood on there own no debts just regular pay roll fuel overhead and profit . yellow used the backs of all profits driven companies and goal was to deliver fright asap not hold freight they had numbers to make but the freight moving reflected the numbers in on time deliver less loss damage and claims the goal was to always clean the system even when fright missed cut times that fright went on a trailer or git diverted to next city that could service it the next day or two not 5days on guaranteed fright 2day freight if it missed sort best belive it was priority to get it there next not oh we missed it now focus on new frieght and let ones who paid wait because we missed it . that will mess up numbers.
true no offense taking yup was holding on because they always got help but the help was always on the backs of others and mad it work but reality is barley making it leads to this. so need to move fright just make the numbers look good with actually moving frieght and did in in the backs of new Penn holland and Reed away with all profit and no debt yellow consolidate there debts threw these 3 companies and couldn't sustain because they implemented there way or operating into these 3 striving companies that got itvdown they thought there way was better hell they did it to road way
The threat of a Teamsters strike sent Yellow over the cliff into bankruptcy. Hope they are happy by playing "hardball" with Yellow.
If just the threat of a strike pushed them over the cliff, what the hell were they standing so close to the edge in the first place? Worst management ever.
@jadams60 My understanding is that Yellow was trying to reorganize its three different dlvisions into one for efficiency but the Teamsters refused. Management made multiple mistakes as well, but you don't overplay your hand and kill the company.
lol, wrong cochise, yellow (actually Apollo Global Management) told yellow not to pay what it owes workers and the union said no pay no work.
The "negotiation" since last sunday was merely to allow yellow time to get all the freight in the system out before court.
@@mitchfloridathats the company PR line and its nowhere near factual
Yellow was operating at a loss sending 2 drivers from 2 of our companies to the same customer. They wanted to merge their subsidiary companies to one network to save money on pick ups, hotel/motels by getting most drivers home daily. Phase I (western part of the country) was approved by the union and completed. Phase II (YRC and Holland/ Midwest) was supposed to happen a YEAR ago but Sean O’Brien rejected it because they didn’t want the bottom seniority to have to work the dock at the end of their shift. The teamsters didn’t even let the union workers vote on phase II up until sometime within the last couple weeks.I know several drivers that didn’t mind the dock work they just wanted to keep their jobs. One Yellow would have made Yellow profitable again but it would have most likely needed to get an extension on the 700 mil loan to the gov. And yes Yellow had way too many executives and wasteful spending. Both parties are at fault for gambling with 30,000 peoples jobs and families. I know of several families where husband and wife both worked for the company up until today. It’s all just a very sad mess. I can’t even believe it.
Wonder if yellow will come back,but as a newr company without Teamster? There are a lot of drivers looking for work. ( Non union and union).
Since they are currently under contract, "transfer of title and interest" will apply, meaning the new owners will be required to recognize the bargaining unit before the sale happens. This did not happen at Hostess because the contract had expired
With driver shortage, good luck finding drivers.
Rumors of yellow logistics non union.
@@RodFamCrusadersyep, thats probably true, and ive been calling it CF 2.0 for months
this us yet another case of Wall St banksters liquidating companies for their possesions and pensions.
The only Yellow that's left is the yellow color on peoples teeth.
I called it correct, they bought a little time to get the ducks in a row. Conned the drivers and union They are returning parts, fuel, whatever they can and get all the cash and move on to the next opportunity. I also think Sean O’Brien is on the take.
We all came to the same conclusion when they started buying those cheap volvo's in massive numbers. They weren't fit for the job, especially out here in the PNW, running the I-84 into boise in a truck with no fog lights, no manual gear control, no sliding 5th wheel, no diff lock.... I mean wtf. Good riddance, I've moved on to bigger and better things, running dump trucks and home every day. No more nights and hotels.
Hoffa was on the take... not O'Brian.
@@jeremythornton3240 : soooo what do u know about Hoffa??? And which Hoffa??
@@scottberry5266the pres before Obrien was Hoffa Jr
@@jeremythornton3240you may want to consider that Obrien is as well since he WAS one of Hoffa's manin guys before they had a spat several yrs ago.
The REAL reasons are in a good article this wk by Alex Findijs titled "Yellow Freight and Apollo Global Management: What Are Workers Up Against?"
Anyone could have seen this coming !
I was talking to Stevie Wonder about it just the other day when he mentioned it.
😂
Shippers are changing routings now. Its over. The major creditors, the US Treasury loan will be numero uno for one. The banking investment group as well. Yellows assets will be sold off to pay back debt to biggest creditors. The results of transportation deregulation in the Ronald Reagan era is taking its toll still as decades roll on by.
Under Trump administration but no one will Nate a eye cause they love trump
22 terminals, if they get 80 mil like the last sale…about 1.7 billion
So much for Biden being a union friendly president. He needs to step up and save these jobs. No excuses.
Yellow has already blown through $700 million of tax payer money. Enough is enough!
Biden has nothing to do with this, Yellow has been wrong managed for the last 25 years, what are you talking about
Complete bulshit if you're actually out here as a truck driver you would know this company going under would be good for the whole industry there's already too many trucks compared to the amount of Load. This will literally give the whole industry breathing room... at the end of the day, people going to have to lose their jobs anyway there's a lot of truck owners going bankrupt... it was not like saving this company will actually save jobs, bailout will just make sure millions are Still going to Mega carriers in their shareholders instead of going to truckers that own their own truck... there's simply no moral good in saving his company... is literally choosing to give money to greedy millionaires over putting that money back in the hands of everyday working truck drivers...
Biden doesn't care.......he never has.......never will...... even Pete buttplug doesn't care!
@@randy3588 you are so correct
Find another job
Unions rarely survive (without a bailout) in a hyperinflationary environment, and Yellow knows that, same thing happened in the late 70's, and inflation wasn't nearly as bad then, nothing needed to be imported from 5,000 mi. away like today, shipping everything from China will continue to drive prices on everything up 10x.
UPS, ABF & TForce seem to be doing just - All union. (No bailouts)
@@jasondanner6630 UPS had a strategic bailout caused by union associations a little over 10 years ago. Within that time, their market share has been ever declining (as has every single union associated company), Fedex is currently paving the way to become the largest overall market share holder while being non-union
Teamsters bankrupt another company. 😊😊😊😊😅😅😅😂
@@kellyandrews8161Wall St you mean, just like CF 21 yrs ago and now its happenig to Yellow.
Hedge funds and investment companies want to extract as much from the middle class as they can.
For the REAL story of what this is about, look up "Yellow Freight and Apollo Global Management: What Are Workers Up Against?" by Alex Findijs
The union put yellow out of business.
Ignorance is bliss.
Piss poor management has killed them.
@@scotts2027 you are wrong it was the evil greedy evil union.
Uneducated always blame what they don’t understand
You’re an idiot