30 votes

99-year-old US trucking company Yellow shuts down, putting 30,000 out of work

Posted by boxer_dogs_dance
Tags: business, usa, trucking, yellow corp, work, employees, redundancies, unions, teamsters, author.chris isidore, source.cnn
https://www.cnn.com/2023/07/31/business/yellow-corp-closing/index.html

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Published
Jul 31 2023

3 comments

  1. devilized
    Link
    I feel like this was a pretty iconic company in trucking. I didn't realize that they had reached the bottom of the barrel of the industry. Sounds like they were trying to gain marketshare by...

    I feel like this was a pretty iconic company in trucking. I didn't realize that they had reached the bottom of the barrel of the industry. Sounds like they were trying to gain marketshare by having low pricing, but it was ultimately too low to cover their costs.

    12 votes
  2. DiggWasCool
    Link
    This is terrible. I feel bad for all the people who were not involved in any of the decision making but are now without jobs.

    This is terrible. I feel bad for all the people who were not involved in any of the decision making but are now without jobs.

    8 votes