https://www.cnn.com/2023/07/31/business/yellow-corp-closing/index.html
8 replies (most recent on top)
AT&T has a very large revenue stream that flows in every month, so I don't see T falling by the wayside like Yellow Freight Corp.. AS long as T continues to restructure and pay down debt, it should be back on solid ground within the next 5-7 years!
CWA is not that strong at ATT to force the same scenario.
That company had lots of trucks and went bankrupt. AT&T has lots of trucks. Oh no.
A lot of unionized large trucking companies have organized crime on their backs and skim money from the company profits. This causes companies to eventually collapse just as Yellow has. The company has no choice over the matter and renders it to eventually be unsustainable! The criminal element does not care because they got their money and are all too happy to leave the carcass!
That company has $1.5 billion in debt and went bankrupt. John Stankey says, "Hold my beer."
Clear message, no place for unions in corporate America. Unreasonable to expect companies to negotiate unrealistic pay treatment for unskilled labor. Good for Yellow closing up shop. More should do the same.
Oh no, truck company shutting down and we all know that means telecom company is next.
There are good people that would run this place cheaper than C Suite wages. All around the pigs a-s is pork.