{"id":1986493,"date":"2023-07-30T23:34:01","date_gmt":"2023-07-31T03:34:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-company-yellow-shuts-its-doors-amid-teamsters-union-stalemate\/"},"modified":"2023-07-30T23:37:13","modified_gmt":"2023-07-31T03:37:13","slug":"trucking-company-yellow-shuts-its-doors-amid-teamsters-union-stalemate","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-company-yellow-shuts-its-doors-amid-teamsters-union-stalemate\/","title":{"rendered":"Yellow trucking company closes due to ongoing dispute with Teamsters union."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrucking-company-yellow-shuts-its-doors-amid-teamsters-union-stalemate%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1986493&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Major Trucking Company Abruptly Closes, \u200bLeaving\u2064 Employees in Shock<\/h2>\n<p>One of the nation&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-firm-yellow-averts-strike-by-drafting-agreement\/\" title=\"Yellow trucking firm avoids strike by reaching agreement.\">largest trucking companies<\/a> has announced its \u2062sudden closure, sending shockwaves through its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-company-yellow-shuts-its-doors-amid-teamsters-union-stalemate\/\" title=\"Yellow trucking company closes due to ongoing dispute with Teamsters union.\">workforce amidst \u200bongoing union negotiations<\/a>. Yellow, a 99-year-old corporation employing approximately 30,000 people, has\u200d permanently\u2064 halted operations, as reported by the Wall \u200dStreet Journal on Sunday. \u2064Of these employees, 22,000 are active members of the Teamsters union.<\/p>\n<blockquote>\n<p>&#8220;Teamsters have been instrumental in keeping this <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/9-box-office-duds-that-became-cult-classics\/\" title=\"9 Box Office Duds That Became Cult Classics\">company afloat<\/a> for \u2062over a decade, making significant wage, pension, and\u2063 work-rule concessions,&#8221; stated a Teamsters union spokesman. &#8220;Yellow failed to manage itself, and it was not the responsibility of the\u2062 Teamsters to do it for them.&#8221;<\/p>\n<\/blockquote>\n<p>The news of\u2064 Yellow&#8217;s closure,\u200d along with its plans to file for bankruptcy, comes after a \u200cseries of corporate mergers that left the company burdened with substantial financial debt, \u200ccasting doubt on its future in\u200c the industry in recent months.<\/p>\n<p>Prior to its closure, Yellow \u200boperated around 12,000 trucks, transporting freight across the United States for major clients \u200clike Walmart and \u2063Home Depot, as well\u200d as smaller businesses. Despite\u2063 successfully negotiating union concessions and receiving a government \u200cbailout,\u2063 the company faced challenges in maintaining consistency among customers and\u200d satisfying investors&#8217; \u200bprofit expectations.<\/p>\n<p>Yellow&#8217;s closure has created a \u200dsignificant void in the\u2062 trucking industry, \u200dwith\u2063 some former customers already shifting their orders to rival companies. As of the market&#8217;s\u2063 close on Friday, the U.S. Treasury holds \u2062a 30%\u200d ownership stake in \u200cYellow, valued at\u200c $0.71 per share.<\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"#\">Food Stamps: Rhode Island Residents to Receive Up \u200cto $1,691 in SNAP Payments in Two Days<\/a><\/li>\n<li><a href=\"#\">Click Here to Read More from The Washington\u200d Examiner<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>One of the largest US trucking firms, Yellow, has unexpectedly shut down, leaving employees stunned during ongoing union negotiations. The 99-year-old company, employing 30,000 individuals, has permanently ceased operations, as reported by the Wall Street Journal. Among the workforce, 22,000 are active union members.<\/p>\n","protected":false},"author":1,"featured_media":1986494,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1986493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1986493"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1986494"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1986493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1986493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1986493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}