Teamsters boss fires back a Yellow for bankruptcy blame: 'Facts don't lie'

International Brotherhood of Teamsters President Sean O'Brien discusses the bankruptcy filing of Yellow Corporation on 'Cavuto: Coast to Coast.' #foxbusiness #cavuto
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[@geraldboesen5037]

Thirty-thousand Teamsters are still out of work, no matter who gets the blame.

[@brandonhebert5485]

22000 teamsters.

[@dothedishes3427]

Top people always have the Golden parachute

[@paule8536]

Horrible management! Started with former CEO Bill Zollars. Complete incompetence

[@dmitrypopov3060]

And dont know about management. But Ive been running small trucking company for 15yars. And its never been so bad like now. Its all about economy.

[@Scranton0]

I agree with you

[@bobroberts2371]

Well , here is the chance for the union to start their own company and pay the drivers 50 % more.

[@paule8536]

Union is also part of the problem ! I feel the trucking industry in in for a tough time ahead. @@bobroberts2371

[@edwardbella3871]

Yellow was not running the company well. Some one in yelow lined a few pockets. Poorly managed company.

[@danielwebster7030]

I've heard from warehouses, that Yellow had a unacceptable delivery track record. Customers left in droves.

[@james-ub6cc]

You heard wrong. I also doubt you heard anything of the sort, stop lying on the internet for clout b

[@huckfin1598]

Yeah sounds like an employee problem. Oh they’re unionized.

[@tommas2674]

Americans against Fellow Americans, I'd hoped that wasn't childishly "cool" anymore. AMERICANS FOR FELLOW AMERICANS ALL.

[@tommas2674]

ALthough, I'd bet that those who drive truck: don't care about those who unload the trucks, put the stuff on the shelves while they are even attending to customers and them as customers...

[@Scranton0]

I worked the dock at Chicago and that is a big place. I will agree with you totally.

[@kennethjacobs2151]

I've been waiting to hear the other side (Teamsters) of this dispute. Sad to see that so many people lost their jobs. Thanks for the update.

[@geraldboesen5037]

Eight thousand union members lost their jobs when Biden cancelled the Keystone XL pipeline project. Teamsters support him, still.

[@patricioaguayo9088]

They don't say much, they don't know what to say to us.

[@justinsnow5621]

​@@geraldboesen5037Wow you have no clue about by this subject

[@gottagetpaid33]

has anyone heard what they did with the 700M? those folks was taking 15% after taxes from their employees for YEARS..at what point do you draw the line?

[@uncleogrimacy]

How much did the CEO make last year? 🤔

[@thomasgirty6397]

they own the business NOT the union !!! so not happy???? move on!!!

[@alexrebmann1253]

Bill Zollers received 7 million dollar bonus after teamsters gave concessions to the company in 2009.

[@anonymousposter3570]

Lets see. Yellow got $750 Million from Fed. While teamsters took a 15% pay cut for the past 15 years, and a 1/4 contribution to their pension, so... how are they not doing their part to help Yellow's financial mismanagement?!?

[@adriennem7927]

Did you hear what he said???

[@kevlar7669]

Well let's see. The price of fuel Doubled. Just about everything else from new equipment and maintenance. Add this to allegedly mismanaged.

[@jerroldrieger5345]

​@@adriennem7927he's correct my friend just lost his job at yellow the company and the union are at fault unions are as corrupt as the biden administration the company was mismanaged...

[@ninjagirl226]

Idk they just fought for a trucker who worked while drunk to get their job back. They don’t care about anyone’s life just their paycheck

[@davidw4151]

Don’t forget the 3 year pay freeze.

[@ksw501]

Any mention of the million dollar bonuses management paid themselves less than 2 years ago?

[@krogersucks45]

Of course not , not from fox

[@jerelwright1665]

Yeah, the unions are great .Ask the parents of the failing public school children

[@adriennem7927]

Worst biased union here

[@krogersucks45]

Of course Yellow is trying to blame the Teamsters. Just look at all the companies they bought and ran out of business plus all the $$$$$ they got from the Goverment and Apollo and they still went bankrupt. Mismanagement at it's worst.

[@bojik2616]

To be fair teamsters in some areas is a fairly craptastic union.

[@Johnjackjack]

Yes they are baby capitalism is proven to work method

[@Shane-en2sq]

In the local meeting with company officials, their "One Yellow Plan", would have forced me into a 30% pay decrease. Are there any other company drivers in the LTL industry looking at a mandated 30% pay decrease? When I questioned the company, the spokesman said, and I quote, "Linehaul drivers are free to quit", unquote. When Yellow ceased operations, I took my pristine attendance and driving records and got a different job in 10 days. The rule changes Yellow imposed on us caused our customers to start leaving two years ago. Our service went from next day to maybe next week. Freight would sit in trailers for days.

[@tommas2674]

OPEN BORDERS.

[@jerelwright1665]

Well you cleverly negotiated 100% Pay decrease, it was your choice Einstein

[@JoseGomez-cj1tq]

​@@jerelwright1665He got a better job in 10 days Einstein, don't quit your day job you hate!

[@ortizracing7534]

Good for you! YRC was mismanaged for years and run into the ground by complete and total morons! Who else in the work would give back so much in concessions to poorly run company? No one very sad that it had to come to this but “Dumbass Hawkins” is the root cause of this! Executives are greedy and don’t care about no one but themselves period! Bottom line is yellow folded cuz they were run into the ground by incompetence! I feel bad for the dockworkers and drivers that were affected by this crap! So now ABF, T-Force account executives go after that business and buy this equipment and hire the skilled work force! But true freight sat for days and was not processed because management was not doing their jobs!

[@Vasudeva108.]

Where did u land a job

[@Supertrucker1962]

I blame O'Brien he didn' t care about Yellow. He said let them go out of business. He didn't let the members vote on it and wanted to play the tough guy. You can play hardball with UPS because they only had FedEX as competition Yellow had 6 other companies to deal with. Why didn't the union demand a through management overhaul before it got this bad. Anyways it happened on his watch 22,000 truckers have to start over including me after 25 years.

[@Hersheybrook]

It all started when CEO Zollers rolled the dice aquiring Roadway & USF . How do you pay back over 1B when your making less than 5 cents profit on every $ of gross Income. They could barely make the Interest payments & never touched the principle.

[@improvisedsurvival5967]

Yellow is not a teamster worthy company. Was best decision even though I lost my job. Sometimes you gotta lose to win

[@Cindy-wd8wn]

Yellow is still hauling freight! Just not letting union members work!! Its on video

[@vj5048]

Indeed they are. Have a Yellow freight shipment out for delivery tomorrow.

[@jasonfitzpatrick414]

Yellow has filed for bankruptcy. There might be a few people clearing out the terminals and finishing/wrapping up business for the company.

[@geraldboesen5037]

They will reorganize then hire illegals that Biden invited..

[@danielbrown7535]

Dont worry folks..... OBIDENOMICS has this situation under control.

[@stanleylizewski5300]

the kenyan and benedict biden hate anything thats good for our country and our citizens..

[@greenlantern7537]

Trucking is a tough venture right now

[@stoundingresults]

Better as a company driver right now. $1,000 week no headaches

[@wideopenthrottl]

@@stoundingresults What company

[@brandonhebert5485]

@@wideopenthrottl Any company. 1000 a week is low. When I can run good miles I've made 2000 a week.

[@EdwardOtis-bb3eq]

Unions deestroyd Ddetroit. And Democrats. Same Gangsters.

[@davidmotyka2708]

I thank God for my Teamster pension which is very modest.

[@geraldboesen5037]

Tnanks to Biden, inflation will eat up more of it.

[@paulzammataro7185]

No, _itch, you didn't "catch" him!!! Teamsters had NOTHING TO DO WITH IT! And Zollars is now on the board of the USPS!!!

[@jeffisakson2382]

This man is full of it !

[@aaronkroll1821]

It’s not just management it’s also government regulations as well this administration and others are making it difficult for truckers! California (cough cough especially)!!😢

[@user-cn9ug5ft4m]

Right...fuel is up 33%, that in itself would break a smaller company far quicker. I think maybe unions may have outlived their usefulness. Maybe not! It seems They could be right!

[@jeffreyhancock8831]

Thank You! No one seems to see this point! How many other industries are being forced into difficult situations because of this administration and its draconion regulations and rules? Great comment Aaron. Two thumbs up!

[@sisque16]

Utter nonsense. The trucking industry has been deregulated since the early 1980s which allowed companies like yellow to create new lanes, acquire other LTL companies and brokers without any oversight, allowed LTL companies to use ICs and not count them under there bottom line so they can shift the burden with pay, benefits however they want to tell them when and how to do there job with oversight.

[@Cindy-wd8wn]

Yellow shutting down is all on yellow!!!!!!

[@philrobertson4121]

Fact

[@greatesttoysevermade3693]

Yes

[@user-ti9di1ik2k]

Teamsters appointed to guys to Yellows board of directors back in 2009. They knew all that was going on they can't play dumb

[@tommas2674]

do corporates EVER tighten their belts, no. like the bankers they get bailed out that NO CITIZEN would.

[@OingBoing-bh5vm]

From a Real Driver, go drive your own truck. Walk away from " big companies ". Its a joke.

[@brandonhebert5485]

Guarantied paycheck no hassle. 15,000 trucking companies have gone under since 2022, most of them owner operators. No, thanks.

[@SR-bh5jd]

An occasional bankruptcy is a good reality check.

[@bobroberts2371]

Like the TEAMSTER MANAGED pension plan failing and getting a 36 BILLION bail out from the US govt in Dec 2022?

[@jimdavies5530]

So if they drivers took all these pay cuts and the company got all this money it seems to me that the company is at fault here and they just wanted the money

[@tinman6922]

How do you manage a unmanageable company that's unionized it's impossible .you can't have 2 chiefs

[@tommas2674]

it's called checks and balances, Representation, watching the despots, ... it is usually management at corporate that run a company into the ground. open borders.

[@tommas2674]

do corporates EVER tighten their belts, no. like the bankers they get bailed out that NO CITIZEN would.

[@bobroberts2371]

@@tommas2674 Are you aware that the Teamsters union got a 36 BILLION bail out from the US govt in Dec 2022? This was to prop up the failed TEAMSTER MANAGED pension plan.

[@bryanwalker3110]

That’s bs… AFF is doing it, T Force is doing it!!!

[@billk123]

UPS and ABF contracts were expiring, and that is why they were negotiating with them. Yellow waited till the teamsters were hot and heavy in those negotiations to start using dirty tactics. They still had a year on their contract with 1 more small raise. Yellow decided not to pay the health care for 1 month even though they had over $100 mil in the bank. They even went so far to say, " Not only are we not going to pay this month, but we are not going to pay the next month." The union threatened to strike. The union conceded, gave in, and did not strike. The company told its employees that they would get $11/hr raise, but the union wouldn't accept. How can you afford $11 when 60cts is too much. Alot of dirty tactics by Yellow and Apollo. They mismanaged and squandered away alot of money. The government should make arrests and get taxpayers money back.

[@generalrambo1516]

In the end, Sean O’brien and the teamsters union are responsible for 30,000 people losing their jobs.

[@princecharming709]

News flash… The government is getting the 700 million of the taxpayer’s money back but you and I won’t see a dime.. They’ll probably send it to Ukraine 🇺🇦 or spend it on research on how cow farts are ruining the atmosphere and causing global warming.. 🐄💨

[@jasonfitzpatrick414]

I still dont know what happened. 2009 was a long time ago. Somehow yellow ran the company from 2009 to 2023. Sounds to me like greed, yellow takes in this much revenue, has this much net income, now the teamsters want a big piece of the pie. Well, now there is no pie, good job everybody, you all get an F.😢

[@davidw4151]

Workers took a %15 paycut in 2009. The company said they’d make the employees whole soon. Instead they reduce pension contributions and 401k contributions to only %25 of what they were giving. On top of that the employees (both union and non union) took a 3 year pay freeze. Shortly after the company got the %15 pay cut, the corporate officers gave themselves a 30 million dollar bonus. In the meantime the yellow employees have fallen behind significantly in wages compared to their non union competition. Yellow was mismanaged. The workers were still %15 behind in pay when they closed.

[@travisdiemer4478]

USPS needs Teamsters

[@thecoffeeman65]

This guy being interviewed doesn’t make the fiscal nor financial decisions for Yellow. They made their bed now they’ll lie in it. The power’s that be in the company are to blame, they made the decision to buy out 2 competitors for over 2 billion dollars. Ask the decision makers how big their bonuses were. The union gave a ton of concessions and they’re to blame? SMFH because this stuff is for intelligent, educated people… let them figure it out

[@helloitsme2395]

UPS does provide the best service.

[@schwabit989]

Plenty of blame to go around. Incompetent business practices, union demands, government regulations, and high fuel prices all contributed to this sad story.

[@zaynashir]

I just don't see how Union fault at all. They gave more than enough to help that company. If you got 5 billion in pension and pay cuts, you got 700 million from the government in another 600 million from another organization. And you still go bankrupt? No, that don't sound like a union problem. That sounds like a management problem.

[@Istatwaar]

Compensate the workers,yes

[@californigirl]

So, back in the Bell system days my dad was a shop steward. The union bosses would say strike at certain times in the contract process, telling CWA union members, "this will force the company to sweeten the deal. We'll get you GREAT raises, and better benefits" The problem was that striking workers weren't paid while striking, until AFTER 13 days, when strike pay would kick in. It NEVER FAILED that the strike would end on day 12.9. And also failed that any great gains were made in worker pay and benefits. HOWEVER, the DUES certainly went up!! UNIONS ARE CRAP!!! UNIONS!! ARE!!! CRAP!!!!!! Want to know when a union rep is lying? Is his cakehole open, are words coming out.

[@krogersucks45]

Your so clueless, hopefully you won't reproduce.

[@Vasudeva108.]

Ups will probably be next. They are too expensive to ship due to labor costs. And benefits.

[@brandonhebert5485]

UPS isn't going anywhere. But they aren't a trucking company. Yellow moved freight for others. UPS moves it for themselves. It's completely different. They have their own airline.

[@Vasudeva108.]

@@brandonhebert5485 I agree I was just pointing out they are so expensive to ship with try go and ship something with them. I would not now it’s gona get more expensive with the new union contract the money has to come from somewhere. Customers.

[@stephendoing2253]

The Teamsters didn't run the company......

[@slynskey333]

Power to the workers 💪

[@richardcarroll9864]

😂😂😂😂😂😂

[@peggyford3801]

The Teamster’s leaders don’t practice what they preach.

[@brentkinsworthy4999]

I bet they're all glad they paid union dues all those years.

[@Haulin-iron_eatin-sammiches]

How much do you think union dues are?

[@gregdouglas5405]

No democrat ever feels responsible.

[@hattrick5076]

When one gives concessions, what they are really doing but not realizing it, is they are making an investment into the company. Now what guarantees is there if it dose not pan out?? What is to say that those concessions will be used wisely??

[@gregrichey840]

Sometimes the parasite kills the host.

[@florida7223]

Teamsters telling someone else what to do with their company should be illegal.

[@wtcneverforget8163]

Did the teamsters vote this guy in?

[@mofo9886]

I worked as a casual at Yellow. All every other union member was worried about was how fast I was working. They feared having a good worker would require them to do something. Yellow was a miserable company and deserved to shut down

[@nightwalker3828]

The management at yellow is all the money they were given like a kid in a candy store. It’s like they didn’t know the value of a dollar.

[@jay72994]

If paying people living wages in safe conditions is the problem government needs to be involved. I have not herd one comment about safety ratings or lawsuits from driver mistakes. Maybe they should be blaming all the factors instead of pinning it on the unions that fight for humane treatment for workers.

[@CapAnson12345]

It really doesn't matter.. bankrupt is bankrupt.

[@bricks312100]

Yellow was a discount ltl shipper. That doesnt work with union wages. They just didnt charge enough.

[@Locoandchooch]

That’s messed up

[@richardhendrickson386]

Put the blame on the trucking company.but no one has a job but you

[@sal4864]

What exactly was to be cut and modified in our collective bargaining agreement that was non negotiable?

[@cmor835]

" they don't want their families to staver, let but shares from their competitors."

[@mnro123]

Yeah It Needs More Help Out There

[@keltecshooter]

It is the teamsters, labor cost, benefits , and regulations, not to mention rising fuel and service costs and yellow could not survive. The union would not work with the company so now the rank and file have nothing.

[@mnro123]

Yeah

[@Charles-ix5jc]

Teamster bosses are full of it is usual it's been decades

[@j.t.jackson1513]

Is the Teamsters gonna find jobs for the 30k employees?

[@davidhiser2266]

Nope.....

[@paulzammataro7185]

22k.....try to keep up

[@j.t.jackson1513]

@paulzammataro7185 OK how about 22k than?

[@jjoutback]

"Giving back" = demanding less of a ridiculous raise. Teamsters are a joke.

[@brandonhebert5485]

Yea why demand a raise when you're the lowest paid LTL drivers in the industry? How DARE they want a fair wage.

[@robsmith1516]

Where’s the 700 million dollars they got in relief money 3 years ago🤷‍♂️ taxpayer money

[@jtanana3]

I don’t know all the rules/laws here, so forgive the question if it’s obvious. Why aren’t the unions bargaining for members owning part of the public company through stock awards? Everyone wins when the company prospers. Of course the opposite is also true. This is risk sharing.

[@brandonhebert5485]

Nobody working for that company wanted stock in it. They knew it was a sinking ship. Just weren't sure when it would finally hit the bottom of the ocean.

[@stephaniemoore9122]

So now they blame the company. I remember National Airlines & Eastern the unions put them out of business.

[@edwardsekera6915]

I worked for yellow and you shouldn't comment if you don't know what you are talking about. We gave up a lot and they wanted more.I didn't want them to go bankrupt but it happened.

[@clownpuncher1224]

Every industry that unions get into go bankrupt.

[@cavemanlook]

How is a business file for chapter 11 on a sunday? It isn't a business day courts are closed.

[@TuffEnuffIII]

Way to go unions... now you have no work at all.

[@philipsimmons2170]

I was making good money at Yellow I thought ...But hey everyone is out of work it looks like ..All starting over ..Where is Hoffa again?

[@largecarr6185]

This man's a liver compony stuge

[@missinglinq]

This guy, personally, is responsible for 30k of his members being jobless.

[@BeachGuyDave]

Teamsters are to blame

[@midwestcharm]

My hunch is Yellow's union saw what UPS workers got and wanted the same. In this case, i think the unions over played their hands

[@brandonhebert5485]

Yellow's drivers were the lowest paid LTL drivers in the industry. They weren't over playing anything. The company was managed horribly.

[@mguerrero8787]

5billion, 700million, 600million all recived since 2009 dang.

[@user-by8js5sf5h]

Enpresa trabajando seyo america nation

[@learkingofalbion8520]

Why would any serious person ever have a backdrop of “implied filled to capacity” Boston at his/her back? I’ve wondered for 22 years 11 months and a day. It’s impossible for many now to take stories seriously when cloudy days in Boston show reality above the first floor.

[@adriennem7927]

What are you ???

[@stevebaker8966]

Some blame but not all blame

[@ronmoore5272]

Unions help China at every turn.

[@dianavaldez3371]

Just like they helped the Japanese car market decades ago.

[@ronmoore5272]

@@dianavaldez3371 True. And Democrats had a hand in that to.

[@generalrambo1516]

Great job Sean, you just destroyed 30,000 jobs!! I hope you are happy!

[@patricioaguayo9088]

BS! Nothing is being said about the thousands that lost their life line. Both side don't deserve being heard

[@jerseykevin27]

How do you know the union didn't work realistic with the ownership with innovation? Isn't there lots of union rules, that don't change the job nature much?

[@geraldboesen5037]

Unions have no control over any company.

[@jerseykevin27]

@@geraldboesen5037 doesn't each job title position require a separately negotiated contract?

[@danosullivan4358]

That was the problem, the company wanted to change all the work rules without giving us anything in return. That was the problem.

[@santoshparvatikar]

It was all yellow like your shirt.

[@michaelmunizsr-yh6yq]

Careful they never found Jimmy Hoffa!! Watch you back old man!!

[@geraldboesen5037]

Hoffa's body never left Michigan. He was cremated and buried in a scrapyard.

[@stoundingresults]

​@@geraldboesen5037 " I heard you paint houses?

[@jimmy-ke2gb]

A union can make a company or break it.

[@digitalwolf7628]

It just seems ironic how many other shipping companies are currently (unless recently resolved) facing strikes by the Teamsters. So it just seems to shade this guys comments a certain way....

[@stanleylizewski5300]

regulations.......

[@davidperry4013]

Yellow has f’d around and found out

[@travisdiemer4478]

$700 million cash grab

[@terrybarrett8661]

I got no job

[@rogerfossette2097]

There is much more, example ups drivers are now making 49.00 an hour, which is two thousand a week.... That is almost four times what I made 30 years ago and I was a lead tech for AT&T... Meaning I made more than my boss..... Unions are have been good on some things, but al in all they are nowhere near there money.......

[@austinschoen3138]

We will make $49 an hour in 2028. That's after 5 years of raises

[@keithkim2986]

He. Ost them 28,000 jobs not inclusing other company that releid on yello

[@purvisgreen9423]

hello tell the truth

[@dennishungerford4146]

Demparty e v truck demands out weigh any profitable business model.

[@user-xe3mf2en5g]

We be talking about less jobs

[@danosullivan4358]

I worked for yellow, lost my job july 31 and guess what? Our last paycheck, they had the balls to take out union dues. Unbelievable

[@jmoneill3]

What does the union care you lost your job. They still have theirs.

[@benjaminday3868]

If O'Brian wasn't working for the teamsters, he'd be robbing banks in Charleston.

[@Jolskie]

This is good news, this is my industry and the reality is this company has always been poor.

[@jeffreyrudolph5061]

2:45 - 2:58

[@uesikon]

teamsters sabatoging the company for a contract. they lost 20 percent of the business unethically