Jim B Posted July 29, 2023 Posted July 29, 2023 It looks like Yellow Trucking will be no more: After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down (yahoo.com) This could be bad. Wonder who's going to pick up the slack? Swift? England?
1930fordpickup Posted July 31, 2023 Posted July 31, 2023 Sad day for sure, who is going to take up the slack? I did a little research and found out they had a relationship with the yellow cab company. Same owner or owners at the start.
Raoul Ross Posted July 31, 2023 Posted July 31, 2023 I always thought it odd that the sign said Yellow but the background was orange!
Jim B Posted July 31, 2023 Author Posted July 31, 2023 Didn't Yellow merge with Roadway back about 10 years ago or so?
Little Timmy Posted July 31, 2023 Posted July 31, 2023 Yes. That's why their trucks are kinda Yellow/Orange.
Jim B Posted July 31, 2023 Author Posted July 31, 2023 Oddly, Yellow Freight always had orange tractors. It was called Swamp Holly Orange, and it was supposed to by more visible.
Oldriginal86 Posted August 1, 2023 Posted August 1, 2023 1 hour ago, Jim B said: Didn't Yellow merge with Roadway back about 10 years ago or so? I believe Fed Ex bought out Roadway. New division was RPS, Roadway Package Systems. This was more than 20 years ago if my memory is correct.
Raoul Ross Posted August 1, 2023 Posted August 1, 2023 (edited) 2 hours ago, Jim B said: Didn't Yellow merge with Roadway back about 10 years ago or so? Roadway and the company my dad drove for, CF A.K.A. Consolidated Freightways. From Here: https://www.cnn.com/2023/07/31/business/yellow-corp-closing/index.html "Yellow, Roadway and a third company known as CF or Consolidated Freightways had once been known as the Big Three of the trucking industry. CF went out of business in 2002. And with Yellow Corp. closing, the final two parts of the Big Three are now out of business as well. " Edited August 1, 2023 by Raoul Ross
Mike 1017 Posted August 1, 2023 Posted August 1, 2023 A big problem with Pension plans is that employees will forego pension payment for increase of benefits and pay. Soon the pension payments owed are into the millions. This pension problem is not limited to businesses. Most Cities and States have this enormous problem. Chicago and Illinois are a perfect example. The solution RAISE TAXES. Mike 1
lucky 130 Posted August 1, 2023 Posted August 1, 2023 Yellow bought TNT Holland and Holland America about 10 years ago.
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