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I just can’t believe how stupid democrat voters are. It’s mind-boggling. Like a Twilight Zone episode.Increased costs for Fuel, repair, parts, tires, licensing, medical ins...
Ain't democrats wonderful?
Except the LTL business/traffic tends to be pallet loads to the docks of other warehouses(wholesalers) or the backdoors of retails and manufacturers, etc.Yep. They probably have a high legacy costs.
I don't know if it was "bad" management. One thing I bet happened was that Amazon started doing a lot of it's own freight and "last mile" deliveries. Not far from one of our campuses is an Amazon "last mile" facility. The Home 2 Suites they always have me stay at is across the street from it. I usually work overnight doing internal audit so I am going to the hotel at 7AM many mornings. Traffic is terrible on this desolate road on the edge of town because there are--and I'm not kidding--50 to 100 SUVs and mini-vans there to pick up packages to be delivered from this warehouse. The people driving are dressed in shorts, flip flops and blouses--these are contractors.
I would imagine that at some point, the guys at Yellow, Central, UPS, etc... saw Amazon's growth and figured they would get a percentage of it; 1,000 packages a day in Tucson because that is what always happened in the past. Turns out Amazon only gave them 200 packages and delivered the rest themselves.
Right. The shipment going to the "last mile" warehouse isn't likely to be 24 skids of diapers on a 48 footer. Yellow probably thought it was going to get some of that business. They didn't get much.Except the LTL business/traffic tends to be pallet loads to the docks of other warehouses(wholesalers) or the backdoors of retails and manufacturers, etc.
Onezy twozy packages have not been a usual component of LTL business.
Yup! During my @20 years experiences in trucking, transportation, and distribution; LTL was usually one to several pallets. 24 pallets in a 48 footer is basically a full trailer load, not a "less than trailer load"/LTL .Right. The shipment going to the "last mile" warehouse isn't likely to be 24 skids of diapers on a 48 footer. Yellow probably thought it was going to get some of that business. They didn't get much.
It’s shocking and disgraceful. In part The result of the government printing trillions of dollars giving away a bunch of money locking us down.Yellow has ceased operations. 30,000 employees, 12,000 trucks
Trucking giant Yellow collapsed on Sunday, ceasing operations immediately and leaving some 30,000 workers without jobs.
The closure is the biggest in terms of jobs and revenue in the U.S. trucking industry, according to The Wall Street Journal - which first reported its shutdown.
The company, which received $700 million in federal COVID relief funds in 2020, is preparing to file for bankruptcy and is in talks to sell off all or parts of the business.
The nearly 100-year-old firm is known for its competitive pricing and has more than 12,000 trucks shipping freight across the US for brands including Walmart and Home Depot.
Yellow ceases operations, bankruptcy expected
The third-largest LTL carrier posted notifications to customers and employees at terminals on Sunday.www.transportdive.com
Yellow ceases operations
Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.www.freightwaves.com
WSJ News Exclusive | Trucking Giant Yellow Shuts Down Operations
The 99-year-old company with 22,000 Teamsters employees advises customers and workers of shutdown.www.wsj.com
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US trucking firm Yellow shuts ops, to file for bankruptcy, Teamsters say
Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.www.reuters.com
We are living in a time where we have seen the biggest bank collapse in modern history… the silicon valley bank collapse. Happened under Joe Biden as well. Lots of terrible things are happening under Biden …the rise of the radical BLMLGBT agenda in a country That’s the most liberal country in the world that left wing racism is going on.Wow. You would think a company that old in a nation like the U.S that requires transport would never go under. What challenges did they face?
We have modern day slavery in America black folks and white folks have to work 4 jobs paying way too much money for a tiny apartment. because the government printed out trillions of dollars and locked us down.Maybe they became beanerized?
That or Ragheads ran them out.
Modern day slaves are destroying all blue collar trades.
You support the racist BLM.Very scary that scum like you still breathes my air.
It’s those white left-wing fanatics that are the greatest problem in our country. There’s a few of them in this thread. They live in the suburbs don’t give a damn about the poor white and Black people of this country. They Pat them selves on the back for waving their stupid BLM flags.Yeah…how dare people speak the candid truth.
If it makes you feel better, know this, there is no group of people I hate more than woke white guilt Libs.
Where do you go with that?
Excellent point it’s very difficult to keep up with Joe Biden inflationNailed it.
When you are operating on contracts that suddenly are outdated but you can't raise your rates to cover the unexpected increase in costs, your money will run out rather quickly.
No money left to pay wages, buy fuel, etc. you've hit the bingo point.
I wouldn't be surprised if other companys/corporations follow suit soon.
~~~~~~~~~
From a thread from 4 years ago, there seems to be a trend;
...
2019 has been a challenging year for truck drivers and their employers. About 640 trucking companies went bankrupt in the first half of the year, according to industry data from Broughton Capital LLC. That's more than triple the roughly 175 bankruptcies from the same period last year.
...
ACT Research has said America's $800 billion trucking market entered a recession early this year. Freight volumes have declined for 11 straight months. Manufacturing, which tracks the trucking industry, has contracted for four straight months.
...
The source of Celadon's troubles dates back further, however. On Thursday, the Securities and Exchange Commission charged two former Celadon executives following a multiyear accounting scandal.
The news plunged Celadon's stock to $0.41 a share on Friday — a considerable tumble from the more than $20 a share that the stock was worth in 2015 before the accounting scandal became public knowledge. As of Tuesday, share prices were at $0.02.
...
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless
Celadon declared bankruptcy on Dec. 9, and that collapse is worrying truck drivers that they may be stranded.www.businessinsider.com
Trucking Giant To Declare Bankruptcy
This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get...www.usmessageboard.com
I think your blood brain barrier brokeRFK all the way support the middle class
www.politifact.com
He seems a little.too out there to be a threat for the W.H, however, different can be good. Who do you prefer for 2024?I think your blood brain barrier broke
What do we know about Wi-Fi and blood-brain barriers?
It’s nearly impossible to avoid things that use wireless internet. Laptop computers, cellphones, tablets, smartwatches a
I'm voting for Joe Biden.He seems a little.too out there to be a threat for the W.H, however, different can be good. Who do you prefer for 2024?
If one got $700 million of taxpayers dollars and still couldn't make it, well................................
Maybe they should have went under before the taxpayers lost $700 million.
You don't consider that he might not be the nominee in 2024? There is still much time before then.I'm voting for Joe Biden.
