Yellow Officially Ceased Operations Will File Bankruptcy

Nothing conspiratorial about it PJ, I think you are right on GREED made everyone in this situation act stupid - both the trucking company and the unions. I will reserve my thoughts about both in order to keep it brief, but the GREED on both sides was tremendous and it truly did not have to end like this had people come to their senses years ago and tried to right the ship's direction. That did not happen and we are where we are.

Conspiratorial would be believing that this was intentionally done to crash the economy and bring about a NWO or unified world currency etc - met alot of those types out there. Im not sure if I believe that 100 percent or not.

Like Davy mentioned though, I too wonder what the sudden infusion of 30K qualified drivers (assuming they all are qualified - no wrecks etc) will have on the OTR/Regional market. Freight is already tight enough and I fear we may have hiring freezes soon if things do not pick up.

Any rate- I hope everyone is enjoying the day out there as best you can and above all else be safe!

Moe

Reading all that press release is very sad. When everything out there in the public domain is considered I think there is much more to the whole story.

I hate to sound like a conspircy theorist but it looks like wall street, teamsters and our gov’t may very well have conspired to take advantage of yellow’s mismangement errors sime to make very large amounts of money, none of which were the 30k employee’s.

Https://finance.yahoo.com/news/old-dominion-ups-ante-1-160557330.html