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☆ Laid off Yellow drivers are going to have a tough time finding similar quality jobs
▼ + stars: | 2023-08-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Roper, who turns 59 in October, said he’s not ready to retire and has already started applying for jobs elsewhere. He’s worked 28 years at Holland Freight, which Yellow bought in 2005. In contrast, less-than-truckload carriers have relatively low driver turnover, an average of 18% to 20%, according to Jindel, which means those jobs, already less numerous than truckload jobs, are open far more rarely. He said he’s already gotten some positive response from some of the LTL carriers he’s applied to, so he’s hopeful. But if that doesn’t work out, he said, he’ll consider looking at jobs in the truckload sector.

Persons: Mark Roper, Roper, he’s, hasn’t, He’s, “, ”, they’re, ” Roper, Satish Jindel, he’ll, Covid, Tom Nightingale Organizations: New, New York CNN, Holland Freight, CNN, UPS, ABF, Drivers, AFS Logistics, Teamsters Locations: New York, truckload

☆ 99-year old trucking company Yellow shuts down, putting 30,000 out of work
▼ + stars: | 2023-07-31 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Yellow Corp., a 99-year old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers. The unionized company has been in a battle with the Teamsters union, which represents about 22,000 drivers and dock workers at the company. This is a sad day for workers and the American freight industry,” said Teamsters President Sean O’Brien in a statement. Eventually non-union carriers came to dominate the LTL segment as well. Yellow, Roadway and a third company known as CF or Consolidated Freightways had once been known as the Big Three of the trucking industry.

Persons: Satish Jindel, ”, Sean O’Brien, Jindel, “, Consolidated Freightways Organizations: New, New York CNN — Yellow Corp, Teamsters, CF, Consolidated, Yellow Corp Locations: New York, New Penn, Holland

☆ Trucking firm Yellow cuts jobs - WSJ
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

Companies Yellow Corp FollowJuly 28 (Reuters) - U.S. trucking firm Yellow (YELL.O) has laid off a large number of workers as the company copes with a cash crunch and weighs options including an imminent bankruptcy filing, people familiar with the actions told the Wall Street Journal on Friday. The third-biggest U.S. trucking company, which has been in ongoing negotiations with union of Teamsters-represented workers regarding worker benefits and pension accruals, averted a threatened strike on Sunday. WSJ had earlier reported that Yellow was preparing to file for bankruptcy. Yellow did not immediately respond to a Reuters request for comment. Reporting by Savyata Mishra in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Savyata Mishra, Pooja Desai Organizations: Wall, U.S, Teamsters, Thomson Locations: U.S, Bengaluru

☆ Yellow Corp trucking company shares plunge as bankruptcy looms
▼ + stars: | 2023-07-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. But the company handled only about 7% of the nation’s 720,000 daily LTL shipments last year, said Jindel. Higher prices will particularly be true for Yellow customers, Jindel said. But the LTL segment requires a network of terminals on which to sort incoming and outgoing freight. But eventually non-union carriers came to dominate the LTL segment as well.

Persons: Satish Jindel, “, ”, FreightWaves, Yellow, Sean O’Brien, —, Jindel Organizations: New, New York CNN, Yellow Corp, Teamsters, CNN, Street, Industry, International Brotherhood of Teamsters, Taxpayers Locations: New York, New Penn, Holland

☆ Judge Rejects Ailing Trucker Yellow’s Bid to Block Strike
▼ + stars: | 2023-07-22 | by ( Paul Page | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/judge-rejects-ailing-trucker-yellows-bid-to-block-strike-d8fd71e0

Persons: Dow Jones

☆ Facing Bankruptcy After a $700 Million Bailout
▼ + stars: | 2023-06-27 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The financial woes at the business, Yellow, which previously went by the name YRC Worldwide, have been building for years. The company lost more than $100 million in 2019 and has more than $1.5 billion in outstanding debt, including the government loan. Since receiving the loan, the company has changed its name, restructured its business and seen its stock price plummet. As of the end of March, Yellow’s outstanding debt was $1.5 billion, including about $730 million that is owed to the federal government. Yellow has paid approximately $66 million in interest on the loan, but it has repaid just $230 of the principal owed on the loan, which comes due next year.

Persons: Trump Organizations: Defense Department

☆ M&M’s new packaging sparks ‘culture war’ outrage
▼ + stars: | 2023-01-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —M&M’S is making a statement with its latest candy pack, which features an all-female set of characters — including Purple, its newest addition. Purple, the “spokescandy” announced last year (and the first new M&M’S character in a decade), is a purple peanut M&M. An all-female M&M pack is now on sale. The all-female pack quickly sparked “culture wars” outrage on right-wing media, notably at Fox News. “Now we know for certain that M&M’S is a cultural icon.”M&M’S has no plans to restore Green’s look.

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