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The Teamsters union retracts a strike threat at trucker Yellow, preventing potential liquidation.
The Teamsters union has withdrawn the threat of a strike at Yellow, averting a potential company liquidation. After a pension fund agreed to continue to extend health benefits to unionized workers and give Yellow an additional 30 days to make a missed payment, the union pulled back. This decision follows a federal judge's denial of Yellow's request to block the strike.
Yellow, one of the largest trucking companies in the U.S., is grappling with a heavy debt burden and falling cash reserves. A strike could have sent the 99-year-old company into Chapter 7 liquidation proceedings, affecting its 30,000 employees, including 22,000 union members.
Source: WSJ
Even if the Teamsters and Yellow come to an agreement, the damage this past week has done to them is irreparable.
— Steve from 🌎 (@SteveT313) July 24, 2023
Nobody is going to put freight into Yellow's network until they are certain it will come out with a clean delivery. We aren't putting a single pallet in. https://t.co/GCy3gHerVJ
Nebraska signed a labor deal with Kenya to recruit truck drivers, sparking industry pushback as Werner denied involvement and American Truckers criticized the agreement as exploitative.
TruckSmarter raises $16M and launches Dispatch, an AI assistant to help carriers book loads faster. We visited their SF office to see what’s driving the momentum.
PAMT breached a debt covenant in Q2 2025, highlighting mounting losses, rising debt from equipment purchases, and continued struggles to meet revenue goals as lenders grant temporary waivers.
FMCSA is launching its first fatal truck crash causation study in nearly two decades, aiming to pinpoint driver, vehicle, and environmental factors shaping deadly crashes and future safety policy.
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