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 […]
UPS Labor Talks Break Down, Threatening Supply Chain and Economy The Stalemate Labor talks between UPS and its unionized drivers and warehouse workers broke down early Wednesday, leaving both sides at an impasse. Accusations have been exchanged, with each side blaming the other for walking away from the negotiating table. The consequences of this breakdown […]
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 […]