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A comment on 99-year old trucking company Yellow shuts down, putting 30k out of work. Parent comment

Re:99-year old trucking company Yellow shuts down, putting 3... by GoofballJones on Monday July 31, 2023 @12:15PM (#36944860)
Though the article did hit the nail on the head with this statement from the Teamster's head: “Today’s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government."

The workers conceded quite a bit over the years, but despite that and the bailout, the management of Yellow still couldn't make it work.

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Re:99-year old trucking company Yellow shuts down, putting 3... by listenallyall on Monday July 31, 2023 @12:47PM (#36945355)
To be fair, the workers made concessions, but they remained higher-cost than non-union competitors. Unfortunately for them, trucking is a highly-competitive industry with little brand loyalty where lowest cost usually wins.
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