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Top related persons:
Sean M O'Brien - 2 Donald Trump - 2 Yana Gaur - 1 Urvi - 1 Bharat Govind Gautam - 1 Chris Reese - 1 Stephen Coates - 1 Nivedita - 1
Top related locs:
Nashville , Tennessee YRC Freight Canada Bengaluru U.S
Top related orgs:
Teamsters Union - 2 YRC - 2 Teamsters - 2 Yellow Corp - 1 Walmart - 1 Uber - 1 Street Journal - 1 YRC Freight - 1

Search resuls for: "Sean M O'Brien"


2 mentions found


☆ US trucking firm Yellow shuts ops, to file for bankruptcy, Teamsters say
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +2 min
July 31 (Reuters) - Cash-strapped U.S. trucking company Yellow Corp (YELL.O) 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. Yellow, formerly called YRC Worldwide, did not respond to a Reuters request for comment. The company was the third-biggest U.S. trucker specializing in the less-than-truckload segment that combines shipments from different customers in the same trailer. The Wall Street Journal reported the closure of the trucking firm's operations citing notices sent to customers and employees. On Monday, another 128 union members at YRC Freight Canada, a unit of Yellow, were told not to report for work.
Persons: Sean M O'Brien, Donald Trump, Yana Gaur, Urvi, Bharat Govind Gautam, Chris Reese, Stephen Coates, Nivedita Organizations: Yellow Corp, Teamsters Union, YRC, Teamsters, Walmart, Uber, Street Journal, YRC Freight, Thomson Locations: Nashville , Tennessee, YRC Freight Canada, Bengaluru
☆ Teamsters blast bankruptcy-bound Yellow, cite $700 million Covid loan firm got from Trump White House
  + stars: | 2023-07-31 | by ( Dan Mangan | ) www.cnbc.com   time to read: +2 min
Bankruptcy-bound trucking firm Yellow received a whopping $700 million in Covid pandemic relief loans three years ago after Trump administration officials pushed for it despite objections from the Defense Department. Yellow has repaid just $230 out of the $729.2 million in principal it still owes the U.S. Treasury for those loans, according to a government watchdog's report in May. The Teamsters Union, which represents Yellow workers, blasted the freight carrier in a statement Sunday and highlighted the Covid loans. The report said, "The loan's approval involved the intervention of top Trump Administration officials —potentially including the president," Donald Trump. "Secretary Mnuchin's communications confirm President Trump's interest in the loan approval," the subcommittee noted in a statement about the report.
Persons: Trump, Sean M O'Brien, Yellow, Donald Trump, Mark Meadows, Steven Mnuchin, Trump's Organizations: Defense Department, U.S . Treasury, Teamsters Union, Teamsters, CNBC, YRC, Trump Administration, Trump White House Locations: U.S
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