🎣 Warrants Served
Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
Yellow Corp has failed to meet health and welfare and pension fund contributions of over $50M, potentially triggering a strike. Source: FreightWaves.
The risk of a strike increases as Yellow Corp fails to meet over $50M in required health and welfare and pension fund contributions for June and July. The company cited avoiding a cash shortage as the reason behind the decision. This delinquency could prompt a work stoppage by the Teamsters union.
Despite these issues, Yellow remains committed to negotiating a new contract with the International Brotherhood of Teamsters. Experts suggest the financial struggles could signal a potential business closure for Yellow Corp.
Source: FreightWaves
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).