Trucking giant Yellow shuts down: The 99-year-old company which has almost 30,000 staff and 12,000 big-rigs ceases operations immediately | Poal: Say what you want.

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Trucking giant Yellow shuts down: The 99-year-old company which has almost 30,000 staff and 12,000 big-rigs ceases operations immediately (www.dailymail.co.uk)

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[–] • 4 pts

This deserves to be taken very seriously. The article points to pension negotiations as an inciting factor, but I have to wonder what else might be going on.

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[–] • 2 pts

I'd have to guess fuel prices and ever-skyrocketing maintenance and tire costs didn't help. Trucks eat a lot of diesel and require constant maintenance to run well.

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[–] • 1 pt

From what I've heard, YRC (the Yellow parent company) is full of unions, inefficiency, and apathy. Meanwhile its subsidiaries are efficient and profitable were they not being looted to subsidize YRC. E.g. its subsidiaries were making bank on guaranteed two-day service within the West coast of the USA, but YRC put the kibosh on that because its archaic processes and lazy teamsters couldnt manage a comparable level of service.

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[–] • 0 pt

Teamsters. Can't live with them.

If it's just the usual corporate BS then it deserves to be punished.

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[–] • 2 pts

Strange nobody wanted to buy it up

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[–] • 3 pts

The pieces will probably get bought up for pennies at the bankruptcy sale.

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[–] • 1 pt

It's subsidiaries will be bought up. They were doing quite well because they arent burdened by a century of Teamster policies and unfunded pension obligations.

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[–] • 2 pts

That’s a bad omen of things to come.

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[–] • 1 pt

We're screwed

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[–] • 1 pt

Everything will break under communist pest, left wing, libtardom, femocrat idiocracy. Go run the world alphabet people. Good luck.

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[–] • 1 pt

12,000 rigs not moving product is going to drive up prices.

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[–] • 1 pt

And Yellow had a big presence in goods movement. Going to be interesting.

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