Yellow ceases operations
Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.
Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.
On Thursday, Yellow Corp. said it is seeking a buyer for its logistics business and the union said negotiations have been fruitless.
At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.”
Industry watchers believe a Yellow bankruptcy is inevitable. Some of the company’s 30,000 employees are starting to feel nervous too.
A letter from the Teamsters negotiating committee on Tuesday showed it has been unable to come to terms with less-than-truckload carrier Yellow Corp.
Central States extends health insurance coverage for Teamsters employees, averting a planned Monday strike at less-than-truckload carrier Yellow Corp.
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A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday.
The autonomous industry’s losing streak is growing as Teamsters-backed legislation passes committee after committee in California.
FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.
FedEx will focus its resources on shippers who use both it and UPS, Shipware’s Karamcheti says.
Democrats said they respect workers’ rights to strike in the event negotiations between the Teamsters and UPS fail.
Less-than-truckload carrier Yellow Corp. says it’s the union’s fault for its cash-strapped predicament.
Truck broker Uber Freight said Wednesday it has decided to stop placing loads with Yellow Corp. as the carrier faces a potential worker strike.
The Teamsters union says UPS bowed to union pressure to resume talks. UPS says it is “pleased to be back” at the table.
Teamsters issued a strike notice at Yellow shortly after the carrier said it would defer two months of required benefits contributions.
In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned.
Union pilots at UPS are ready to show solidarity with Teamsters workers if there is a strike, which would ground UPS Airlines.
Brokers say some shippers are steering clear of the troubled trucking carrier. Other customers are flocking to Yellow.
Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.