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| Yellow sets the brakes (Page 1/3) |
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williegoat
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JUL 30, 08:55 PM
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82-T/A [At Work]
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JUL 30, 09:28 PM
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Ah man, this really bums me out. I really hate to see companies that have been around FOREVER, just disappear like that. I wonder if this is irreconcilable... sounds like it might be. 
I never understood why they were called Yellow, but their vehicles were orange.
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williegoat
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JUL 30, 09:41 PM
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| quote | Originally posted by 82-T/A [At Work]:
I never understood why they were called Yellow, but their vehicles were orange. |
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They were originally part of Yellow Cab, the taxi company. The orange trucks were for high visibility.
I saw a number of long time carriers go under during the Obama years, too. Obama was very close with James Hoffa, Jimmy's boy.
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82-T/A [At Work]
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JUL 31, 08:47 AM
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| quote | Originally posted by williegoat:
They were originally part of Yellow Cab, the taxi company. The orange trucks were for high visibility.
I saw a number of long time carriers go under during the Obama years, too. Obama was very close with James Hoffa, Jimmy's boy. |
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Without holding back... what do you think the reason for this is? You'd think that with all the shipping and trucking that's going on, there would be a lot of money in this. Is the problem with how shipping is handled now ... e.g., goes in a queue and anyone who's driving that way can pick up work? As opposed to people consigning with a specific trucking company? (No idea, just throwing that out there). Or does it have to do with the constantly fluctuating price of gas.
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fredtoast
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JUL 31, 10:46 AM
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| quote | Originally posted by williegoat:
I saw a number of long time carriers go under during the Obama years, too. Obama was very close with James Hoffa, Jimmy's boy. |
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Unemployment rate for truck drivers dropped from 10% when Obama took office to 4.1% when he left. https://www.zippia.com/truc...r-jobs/demographics/
The guys you knew must have been real losers to go under when the industry was boomimng.
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williegoat
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JUL 31, 10:51 AM
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| quote | Originally posted by fredtoast:
Unemployment rate for truck drivers dropped from 10% when Obama took office to 4.1% when he left. https://www.zippia.com/truc...r-jobs/demographics/
The guys you knew must have been real losers to go under when the industry was boomimng.
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Like most of your posts, this is not even worthy of consideration.
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williegoat
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JUL 31, 10:58 AM
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I have been out of the industry for nearly eight years and Yellow is (was?) an LTL carrier while my managerial experience was in the truckload segment, so I could only make some vague suppositions.
I will have to do some reading to get a better handle on what happened to Yellow, but the first article I read is from this “right wing propaganda rag”: (they are probably lying, all the non-rubes know it is Trump's fault)
US trucking giant Yellow shutting down operations amid standoff with Teamsters union
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williegoat
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JUL 31, 11:00 AM
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I almost forgot: "Just the opinion of an old retired gearjammer" 
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fredtoast
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JUL 31, 11:08 AM
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From the story you linked
In 2020, under the Trump administration, the Treasury Department granted the company a $700 million pandemic-era loan on national security grounds. Last month, a congressional probe concluded that the Treasury and Defense Departments "made missteps" in this decision — and noted that Yellow's "precarious financial position at the time of the loan, and continued struggles, expose taxpayers to a significant risk of loss."
It was simply poor management. thr trucking industry has been growing and thriving for years, but this story claims Yellow has been struggling for a decade. The problem was with the individual company, not the industry.
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fredtoast
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JUL 31, 11:09 AM
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| quote | Originally posted by williegoat:
Like most of your posts, this is not even worthy of consideration. |
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Like all my posts that contain actual facts, right?
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