Yellow Corp., a 99-year-old trucking company, has announced that it will be shutting down its operations, resulting in the layoff of all 30,000 of its workers. The company, which had been in a battle with the Teamsters union over pension and health insurance plans, had recently avoided a strike but failed to reach an agreement […]
Vintage Yellow: The Collapse of a Century-Old Trucking Company Introduction Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, has suddenly halted operations, leaving its 30,000 workers jobless and raising concerns about the future of the American freight industry. The closure of Yellow Corp. comes after a prolonged battle […]
Risk of major disruption as UPS strike looms in US By Natalie Sherman, Business reporter Talks between delivery giant UPS and its workers in the US have broken down, raising the possibility of the first strike at the company in more than 25 years. The two sides have been negotiating for months over demands such […]
City Officials join Live! Casino & Hotel Philadelphia Leaders to Celebrate Groundbreaking at Murphy Recreation Center On June 21, 2023, a groundbreaking ceremony was held at the Lawrence E. Murphy Recreation Center in South Philadelphia to celebrate the start of $7.5 million in improvements. The project was made possible through the city’s Rebuild program, an […]
Record $20 Million Purse at the 2023 U.S. Open: A Reflection of Changing Times The 2023 U.S. Open, held at the historic Los Angeles Country Club, not only marked a significant moment in the city’s golfing history but also boasted a record-breaking purse of $20 million. This marked a $2.5 million increase from the previous […]
Federal Reserve Pauses Rate Increases, But Worries Persist Inflation Remains a Key Concern The Federal Reserve announced on Wednesday that it would abstain from raising interest rates for the first time in over a year. However, officials also signaled that rates would likely rise further in 2023, as inflation continues to exceed the central bank’s […]
2023 Memorial Tournament: A Big Payday for Golfers Golfers from around the world have descended upon Dublin, Ohio for the penultimate designated event on the 2023 PGA Tour schedule. The Memorial Tournament offers a $20 million purse, with the winner claiming $3.6 million for himself. A big payday, indeed for those who make the cut, […]