Yellow To BK On Monday

Discussion in 'Other News' started by Opus, Jul 26, 2023.

  1. lual

    lual Road Train Member

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    @Truckingdaytrader --

    In case you haven't already seen this...Estes is looking for local drivers not far from you; the "good" news here -- the ad does NOT specify a "min exp req" -- so you may have a shot at this one:

    Estes Express Lines -- local class "A" drivers -- Rohnert Park, CA

    If you think you might be interested in this one -- DON'T WAIT!!! Get your name in the hat by submitting a complete app, asap -- otherwise, you may later feel like a sap. :p

    -- L
     
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  3. BennysPennys

    BennysPennys Road Train Member

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    Once yellow goes into bankruptcy they can get a line of credit established with DIP financing. DIP stands for Debtor in Possession financing. It gives the DIP lender a super secured position in the bankruptcy process and they will be paid first before all other lenders.
     
  4. Opus

    Opus Road Train Member

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    Wouldn't the current creditors have to agree to this?
     
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  5. drvrtech77

    drvrtech77 Road Train Member

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    Why don’t you find someone who you can western regional for?
     
  6. BennysPennys

    BennysPennys Road Train Member

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    Nope, it is the ultimate cram down for currant lenders and equity “stock” holders. Unfortunately they are even in front of the employees too.
     
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  7. roundhouse

    roundhouse Road Train Member

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    Probabaly be like GM
    The fedgov will give the company to the union and screw the actual creditors and stockholders out of every dime .
     
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  8. Truckingdaytrader

    Truckingdaytrader Light Load Member

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    Tried already... they are like the only people to call me and the lady was like "we require a year of experience". I was like "ok then" while thinking "wtf don't you say that in your ad and wtf are you calling me back?". She was like "well we have a school but that is for people who already work here so you don't qualify. Good like with your search!" o_O
    I have applied to about every listed job in my area and many out with the willingness to move if necessary... still nothing. :(
     
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  9. Truckingdaytrader

    Truckingdaytrader Light Load Member

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    Not really sure what that means or how to find someone to do that for. :dontknow:
     
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  10. Deadwood

    Deadwood Heavy Load Member

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    Nah dude. You’re OK. The two big hurdles are 6 months and 2 years experience. You’ve got four months in with no accidents and an absolutely golden excuse why you lost your job.

    Get creative if you need to. Go to the closest Pilot/Flying J near you and takes notes of who is fueling between 04:30-06:00 (night shift) or 16:30-18:00. Those are the people near you actually driving. Do some research and make it happen. Good luck.
     
  11. drvrtech77

    drvrtech77 Road Train Member

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    A company who operates only on the west coast where you’re relatively close to home and be home often
     
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