Yellow Freight closure thread

Lmao

 

Just got a text from teamsters. Strike is over

 

On my way to work so I didn't have time to read. Here is link from the teamsters. Strike Averted at YRC Freight, Holland

 

Good luck to all my brothers and sisters at Yrc!!!

 

I recently did some truck stuff at an Amazon DC.
You do not check in or out with an onsite person. You talk to someone on the speaker who is looking at you through a camera.
Those two people were Indian. I could barely understand what they were saying.
I believe they are actually in India.
So, Bezos won't even pay non-union rates.

 

My Factoring company is not convinced that Yellow brokerage won't be affected and is not approving them anymore

 

I can't see Bezos buying anything he can't outsource to the lowest short term supplier. It's the race to the bottom.

 

would you trust your money with these guys for 60 days???

 

“We also don’t see how this solves the financial issues YELL faces,” Mehrotra said. “We note, the company had over $100 million in cash as of the end of June, and it’s likely this balance is lower following recent customer diversions. If YELL makes its payments, we estimate it would take the company close to its $35 million liquidity floor implemented by lenders two weeks ago.”

LTL industry likely altered regardless of Yellow’s fate - FreightWaves

 

I wouldn't trust em for 60 minutes lol.