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SVTPerformance's Chain of Restaurants
Road Side Pub
National freight giant "Yellow Freight" facing a work stoppage and imminent bankruptcy.
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<blockquote data-quote="rborden" data-source="post: 16937702" data-attributes="member: 160221"><p>Didn't see this posted anywhere here.</p><p></p><p>They've been around forever, but a buddy sent me this today.</p><p></p><p>Yellow Freight failed to make a $50M payment for their workers pensions and health care plans.</p><p></p><p>Furthermore a District Judge in Kansas ruled not to impose an injunction and temporary restraining order against the International Brotherhood of Teamsters who along with 22,000 Union backed drivers plan to go on strike on Monday and dismissed a $137 million lawsuit against the Teamsters.</p><p></p><p>Yellow Freight doesn't have enough to liquid cash to sustain operations through the end of August.</p><p></p><p>[URL unfurl="true"]https://www.freightwaves.com/news/yellow-trucking-drivers-bankruptcy-potential[/URL]</p><p></p><p>[ATTACH=full]1802339[/ATTACH]</p><p></p><p>Trailers at the Tupelo, MS facility are being staged in front of the entrances to the terminal.</p><p></p><p>[ATTACH=full]1802340[/ATTACH]</p><p></p><p>[ATTACH=full]1802341[/ATTACH]</p><p></p><p>Yellow has $1.5 BILLION in debt and it appears they will default on the payments to their federal bailouts they took in 2008 and 2020.</p></blockquote><p></p>
[QUOTE="rborden, post: 16937702, member: 160221"] Didn't see this posted anywhere here. They've been around forever, but a buddy sent me this today. Yellow Freight failed to make a $50M payment for their workers pensions and health care plans. Furthermore a District Judge in Kansas ruled not to impose an injunction and temporary restraining order against the International Brotherhood of Teamsters who along with 22,000 Union backed drivers plan to go on strike on Monday and dismissed a $137 million lawsuit against the Teamsters. Yellow Freight doesn't have enough to liquid cash to sustain operations through the end of August. [URL unfurl="true"]https://www.freightwaves.com/news/yellow-trucking-drivers-bankruptcy-potential[/URL] [ATTACH type="full" alt="IMG_0382.jpeg"]1802339[/ATTACH] Trailers at the Tupelo, MS facility are being staged in front of the entrances to the terminal. [ATTACH type="full" alt="IMG_0383.jpeg"]1802340[/ATTACH] [ATTACH type="full" alt="IMG_0384.jpeg"]1802341[/ATTACH] Yellow has $1.5 BILLION in debt and it appears they will default on the payments to their federal bailouts they took in 2008 and 2020. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
National freight giant "Yellow Freight" facing a work stoppage and imminent bankruptcy.
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