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