Trucking industry has largely moved away from unions: Supply chain expert

FreightWaves founder and CEO Craig Fuller discusses Yellow filing for bankruptcy after restructuring standoff with Teamsters union.
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[@cede-hf7vi]

The trucking industry has moved away from the Unions, and it has been terrible for drivers. Truck driving used to be a clear path into the middle class, now they treat us like dogs. To make any money, you have to live out of your truck and work for 70 hours a week just to make a profit. We are one of the most important part of the American economy, and we are treated like trash.

[@Novastar.SaberCombat]

Correct. Rich gotta rich, poor gotta serve and suffer. It is what it is, and acceptance is key. Everyone needs to stay in their own lanes.

[@pointnIaugh]

All trucking companies are scum.

[@I_Died_2_Weeks_Ago]

​@@Novastar.SaberCombatYou sound like a 6 feet apart tart... Stfu! 😂

[@MannyAguilarJr]

I was living out a truck 24/7 43-44 weeks out of the year.

[@Shortman751]

You can thank Republican policies

[@harrymiller3986]

It all started with deregulation in the 80s when the smarter companies paid close to union wages streamlined the system for no layovers on the road

[@jimgiordano2576]

true .that was the start and only got worse.

[@derrynelson4637]

That’s BS. What it did It Flipped the Haulage Rate’s. Before Deregulation in 1980’s and the Abolishment of the ICC ( Interstate Commerce Commission) in the Mid 1990’s by Mostly a Republican Majority in Congress. The More You hauled the More it paid and The Less You Hauled the Less it paid. But after Deregulation it Went The More you Haul the Less You Can Charge at a Cheaper Rate and the Less You Hauled the more you can Charge. But the ICC A Government Agency Regulated The Rates on Certain Haulage Rate’s. Once they Got rid of them that was it for Most of the Trucking Industry I seen Big Nonunion and Union Carriers go bankrupt or Sale Out to Another Carrier during the Late 1990’s. Because they knew what was coming next.

[@micclay]

Who told you that?

[@harrymiller3986]

@@micclay no one told me that I have been in the industry since 1977 was working for a company that was a agent for pilot freight and aaa copper watched it all from 10%discounts to 66%. Yellow freight had a operating cost of 1.03 for every dollar income for as long I can remember what knowledge do you have of trucking companies and count how many rules and regulations all truckers have to pay

[@stevenmoore2514]

Deregulation was actually pages and pages of new regulations. Reading that law is an absolute chore to get the facts. I was in the industry 45 years.

[@xfiles4792]

Janet Yellen will continue to tell us how great the economy is.

[@mezenman]

Janet Yellen and the data. Are you rooting for us to fail? Things are going good. You can tell things are going well by the coverage on Fox. They are stuck on Hunter. If the economy was bad they would cover that. If the border was being over run they would cover that. If inflation was bad they would cover that. If the stock market was bad they would cover that. Instead we are subject to Hunter Biden nudes.

[@sassylady2001]

She is about as dumb as they come. Whoever heard of someone from the Federal Reserve going to a foreign country to meet with their leader? What was she doing there to sell us down the river?

[@allenwayman6809]

I’m sure the Biden ministration has no problem telling everybody that and he has a higher approval rating for how he’s running the country. I seen that on the news today somebody’s lying again.

[@I_Died_2_Weeks_Ago]

Not in her lifetime...

[@micclay]

It is if you're getting millions in kickbacks funned to your shell companies and the entire DNC and the media helping you conceal it.

[@lizzieb6311]

BIDENOMICS hard at work DESTROYING LIVES

[@meblakney]

You didn't hear a word the man said did you. You just typed the first thought that came into your feeble mind! Maybe Yellow should have asked Trump for another bailout!

[@lizzieb6311]

@@meblakney I heard EVERYTHING he said….and the fact of the matter is the mess we are in - across the board is due to BIDENOMICS…you simply REFUSE to,accept the facts because YOU voted for it.

[@WhoToldYouThis]

​@@lizzieb6311then explain how... 😐

[@lizzieb6311]

@@WhoToldYouThis How what? How Bidenomics has destroyed America? Really? The Country is in a financial nosedive and people are hemorrhaging their hard earned money. BIDENFLATION has made it IMPOSSIBLE to maintain the standard of living Americans enjoyed just 3 years ago…companies are so heavily taxed and regulated now that it’s IMPOSSIBLE for them to pay the wages for unskilled workers, or any worker for that matter, that would enable them to just break even with the 28% or higher increase in day to day living expenses. What company can afford to increase wages 28% simply to get an employee level to where they were during the Trump years? That’s absolute insanity. Bideneconmoics requires hard working Americans to work two or three jobs simply to pay their bills. If this is beyond your realm of understanding then you are either have enough money to where you are not impacted, or, more likely, too ignorant to understand basic economics and how we came to be in such dire financial straits.

[@waynegingerich8262]

Ur full of crap without Unions u wouldn't have safety equipment for drivers Mgmnt controls all the funds and they get many benefits that the true workers don't Screw Yellow don't hire any of the Mgmnt people

[@OpenYourEyes-]

Bidenomics...

[@corleyoutdoors2887]

In the words of Trump, “fake news!” The company mismanaged their funds and then turned around and blamed the Teamsters.

[@steveurkel1487]

Not. America is rotting out like an apple. It's naturally going to experience higher incidence of failure as it becomes less prosperous and circles the drain.

[@bennyblanco692]

Do you work for yellow, or are you just running your mouth. Because the union did contribute to the shut down of Yellow.

[@Wildfan915]

How did the union contribute to downfall of Yellow?

[@corleyoutdoors2887]

@@bennyblanco692 I was told in a voicemail no to come back on Sunday. I was there for 19 years of the companies lies and mismanagement. We gave them 12 years of pension and pay concessions to keep them afloat since 2009. The government gave them a 700 million dollar bailout in 2020. After all of this they had the nerve to come to the government and the union for more money and concessions in 2023. Even though I have to get another job, I say good riddance to the corrupt management team at Yellow Freight. Stop believing everything you see in the media I was there for all of it.

[@samuelross9884]

@@Wildfan915 By contributing to the Downfall of Yellow. They didn't have to, but they did.

[@KarenSusie]

Sounds like corporate management didn’t manage the business correctly! The workers didn’t make the financial decisions! When the unions are gone, then who are they going to blame???

[@DavidDiaz-hn7ky]

Bro they took their pensions away, there was nothing they could have done to prepped for that

[@calvinmitchell6381]

​@@DavidDiaz-hn7kyWhat are you talking about. Yellow drivers have not lost their pensions. The teamsters cover the pensions earned up to the bankruptcy. Pensions for time served will be paid when they reach retirement.

[@vernonbowling5136]

No company No union No kidding.

[@bsmiddy236]

quit drinking the kool-aid.....you heard it straight....unions blocked the changes at Yellow...THE END

[@Alien300Blackout]

Non Union trucking companies have the lowest pay and keep drivers away from home way longer then necessary

[@geraldboesen5037]

Lot of dues money that the Teamsters won't be getting, anymore.

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@dogedave3188]

When you have X amount of people getting let in every year from third world countries you can expect to get undercut on labor services.

[@justanothertroll9476]

💯

[@derekbaker777]

Looks like the union lost and will now have to find new jobs. I feel bad for the Keystone Pipeline workers though after Biden kicked 'em to the curb and told them to go get Solar Panel jobs instead. It's all fun and games until one has no income to survive.

[@bsmiddy236]

Well Said!!!!

[@couchwarrior2449]

And the majority of union guys vote Democrat. Oh, the irony.

[@justanothertroll9476]

That's the point it's about control control control

[@TXsnowman812]

Should make Jerome Powell happy!

[@leroyjenkins4811]

The Teamsters really screwed their union members. Now no one has jobs anymore because they didn’t want to negotiate with Yellow.

[@VOLCAL]

WHY IS THE SIGN ORANGE THOUGH????

[@scottw595]

@@VOLCALlol

[@BobJ2828]

​@@VOLCALYellow Transit Freight Lines was formed in 1924 in Oklahoma City by brothers Cleve and A.J. Harrell. For a few years, it was affiliated with the Yellow Cab Co., which Cleve Harrell had started in 1906 and which was also based in Oklahoma City. The cab company was called “Yellow” because that was the color of its taxi cabs, which became iconic in New York City, Chicago and other cities across the country. Eventually, the Harrell brothers ended their partnership and A.J. Harrell took full control of Yellow’s freight business in 1942. He sold the company 10 years later to a group led by George E. Powell Sr., who moved Yellow’s headquarters to Kansas City. Not long after he co-founded Yellow Freight Lines, A.J. Harrell set out to find a color that would make Yellow’s trucks more visible on the road. According to author Kent Politsch’s 1999 book about the company, Legends and Legacy, Harrell was concerned about the safety of his employees and equipment. “Travel between cities from 1924 to 1944 was nearly all on two lanes,” Politsch wrote. “Trucks and cars shared the same narrow and poorly marked pathways. Even the most sophisticated highway in Yellow Transit territory - Route 66 - was never more than three lanes, the center lane for passing.” Harrell enlisted the help of chemical company E.I. DuPont’s paint division for a recommended color that would be more visible on the road, regardless of weather conditions or the time of day. The winning color was one that DuPont coined “Swamp Holly Orange.” Soon, Yellow’s entire fleet of cabs and trailers bore the eye-catching color, all in the name of greater safety.

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@scottw595]

@@calvinmitchell6381 sounds like the best option is to work for a better company

[@gsleatherworks2442]

Want to know why there’s always shortsges of drivers? Imagine working for an employer that keeps you from home. You might get 36hrs off on days where you’re wife and kids aren’t home because of work and school. You have to take off at least two to three days of work just to visit a doctor, but you only are permitted 3 personal days a year to accomplish that. You work 60-80 hours a week but get paid as if you’re working 40. You get a week or maybe two of vacation, but rarely get the time when you can take a family on vacation. Desperation might get you to take such a job, but you’ll quit pretty quickly or you’ll get fired first time you get really sick or need to go home.

[@richardspillers6282]

And yet there's no shortage. If parking is scarce then there's no way in hell there's a shortage.

[@gsleatherworks2442]

What an ignorant thing to say! In order for your statement to be true, that would require a centralized planning board to order the construction of truck parking areas, truckstops and rest areas in line with national AND regional fleet numbers. Truckstops close, without any resultant decrease in fleet numbers, so do rest areas. Even without increases in national fleet numbers that has created parking issues. I’ve driven trucks on and off since 1994 and I have seen this parking issue degrade over the decades. More and more fleets of trucks; less and less parking options. Then there’s the driver to truck shortage, with has NOTHING to do with parking issues!! Think! Turn on the brain! And my generation thought it was a good idea to stop teaching logic in school ….

[@lifegood3322]

Thanks Joe!

[@user-sidewinder]

Unions aren't good for anything. Just look at the teachers union

[@abnerruiz4011]

They pay more than non union. Most of these companies want to cap your pay.

[@ryanbrandner3496]

That comment was brought to you bye a very dense person, anyone can write a sentence like that and back it up with nothing, I being a Labor Attorney would love to debate you, you are a seriously flawed person..

[@house_church]

I'm an old timer myself and I can confirm that Joe Biden was indeed a professional truck driver. One of the best, I might add. He worked for Corn Pop Express out of Delaware. His CB handle was "Dildo Joe". He was also an expert diesel mechanic.

[@gregterrell4171]

He was also a fighter pilot for many years. Shot down the Red Baron in his first day. WW1 AND WW2 accomplishments are to many to list .

[@Keepingthefaith120]

Unions have no place in the truck driving industry. Sad the union ran this company into the ground!

[@ryanbrandner3496]

You are very shallow, I would love to debate you.

[@cooltuber1404]

This is something that did not happen overnight. Overall problem was going on for quite a while so is blaming the teamsters the real reason for the failure or does the blame start at the top with mismanagement, possible corruption, lack of vision, etc. ?

[@leonardbrewer9942]

So being mis managed is now the fault of the worker. Been through this, When DHL acquired Airborne express. 75,000 lost their jobs.including me.

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@leonardbrewer9942]

@calvinmitchell6381 As a retired teamster I agree with you sir. Poor management should not be the fault of your employees. Fortunately the executive board of the locals I was part of were very good at there jobs. What's better is that these executives were part of rank and file.

[@notanomad9320]

But but Bidenomics is putting everyone back to work, what happened?

[@theebalz]

Sounds like bad fiscal responsibility for many years by upper management. Sad so many lost their jobs.

[@bsmiddy236]

Sounds like Union Extortion!

[@VoteForBukele]

There’s an 80 year old boomer former CEO laughing at your argument while sipping champagne. Carry on.

[@chsmithins]

At least the workers pensions are safe. That’s really good.

[@TheSmartLawyer]

​@@chsmithinstell them that when they sit in the employment line

[@noel6058]

Yellow Trucking management blames the Teamsters Union for closing the company but it was mostly how the way it was operated by management that destroyed the nearly 100 year old trucking company.

[@edstevens4439]

Their equipment looked to be a hundred years old.

[@Shadow_Banned_Conservative]

Another case of the union killing its employer, like a cancer killing the host. Now what are the union workers going to do?

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@richardspillers6282]

You've got no idea what you're talking about.

[@Shadow_Banned_Conservative]

@@richardspillers6282 Really? Tell me again how unions have grown over the decades because they are so good for business.

[@Shadow_Banned_Conservative]

@@calvinmitchell6381 It won't be the teamsters most likely paying the pensions, it will likely be the federal pension guarantee fund.

[@richardspillers6282]

@@Shadow_Banned_Conservative they actually are growing because businesses are not good to their employees or customers anymore

[@brisbanekilarny6212]

I am sure the thirty thousand employees are very happy about the contract negotiations. Yellow can now regroup and tell the teamsters to go fly a kite. If the employees of a restructured Yellow vote to unionize they are voting to not have a job down the road. I was a teamster and the benefits were very good but the place where I worked ( Brown Shoe) closed down not long after I left.

[@JamesBrown-js3lm]

Sometimes you cut off your own chunga’s when you push a company too far. As a former business owner I can tell you first hand that in order to pay those high wages the company has to make a profit. When employees don’t give a crap about the company there shouldn’t be any surprise that now they don’t have a job. Thank the union for that.

[@bsmiddy236]

Preach It!!!!!

[@waynegingerich8262]

Used to be a 15percent profit was good now its over 40 so where did these rates come from

[@richardspillers6282]

Those high profits that shareholders and useless upper management get?

[@jarodstorm6372]

The union just destroyed the host it was feeding from.

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@mikerundle8188]

@@calvinmitchell6381 Okay we get your point! Plse quit your endless parroting!

[@calvinmitchell6381]

@@mikerundle8188 If teaching individuals is parroting, then so it shall be.

[@2935441]

"ain't no use having a train ticket if the train don't run" 1950's adage.

[@mwconservative]

and now their is no table to come to

[@KLUJICS]

Unions are overrated and no longer needed. Unions are hurting more than helping. They are taking dues and not producing anything for employees. They can’t make and keep promises. Unions have served their purpose. There may be a few services that may need arbitration or negotiations, but unions are no longer the answer. They take in a lot of money. Sounds like Yellow’s business practices ran the company into the ground. Unions are way overinflated. They are too big. You can get a corporate lawyer to represent your cause. Unions will take your money and deliver very little. Most union bosses are Democrat. They will take your money and not deliver or spend on what they think is best. Unions remind me of and use Socialistic principles.

[@johnmillard2931]

I worked here. The company came out first and offered a .60 cent raise. So they made a lot of people mad, then the union and everyone else was mad. The mis management I saw over the years was all on the company. The union dint do any favors, but the company was in that state because of mismanagement. They were never around and when we needed to make changes to be more efficient of profitable, all we ever got was " it comes from the top, nothing we can do " .Money was also heavily mismanaged, buying things we dint need. Training drivers just to lay them off. Horrible horrible.

[@jerroldrieger5345]

My buddy lost his job in Wheeling Illinois, I used to be in a union my take on unions is they suck although may be necessary while a government run by democrats is not.

[@johnmillard2931]

@jerroldrieger5345 small world, I worked in wheeling when I first started with yellow. I drove a old sterling there.

[@dvorok]

@@jerroldrieger5345 Right on about the democrats driver. They gotta go. Too many companies need drivers now. Shouldn't be to difficult for those drivers to find freight to run. Stay safe all!

[@dvorok]

@@johnmillard2931 So did Joe Biden. 24 gears and 2 shift sticks! 😅🤣😂

[@bsmiddy236]

@@dvorok would you hire a union driver if you owned the company??? Not me!

[@mikethemechanic7395]

Unions are worthless. I am a Diesel mechanic. My first shop was union. It sucked. I was 25 making helper wages. I paid the same union dues and insurance as the guys who made 60 percent then me. How is that fair. Should have been pro rated. Seniority means everything in a union. No one talks about it. You had to be 40 plus to get the weekends off. Late 40s for summer vacations. 55 and up for all overtime. 62 and up for the holidays. I was driving a crappy car and eating ramen. These old farts would bring in a 5th wheel and a new HD bike on the back. They would brag about soaking up the overtime like a sponge. I maybe got overtime once. The same 3 guys took the same holidays. Thanksgiving, Xmas. 4th of July. When I was hired. A lot of us young guys were the majority. We complained to the union we never get overtime or any decent holiday. The union stepped in and forced the top 3 guys to give up a few days. My first year I took vacation. I had a day to pick in Jan and a few in April that’s it. My current shop. I make 3 dollars more then our union sister shop. You make the same wages as your coworker. Not in non union shops. I make more then anyone because of my certs.

[@davidmotyka2708]

I don’t believe the Teamsters caused Yellow going bankrupt.

[@mahlonhenry2401]

You wouldn't

[@vernonbowling5136]

Easy to believe the teamsters were a part of it.

[@waynegingerich8262]

No all of management kept putting their hands in the cookie jar Yellow freight and all the buyouts put Yellow into trouble With a contract at least u get equality in the workplace

[@joeknowz4898]

22.000 workers just at Yellow, YRC owned 3 other union trucking companies.. well over 66.000 employees...I worked for Holland for 31 years, retired in 2018. Yellow went out of the US to get funding to buy us because just 2 years earlier they bought RoadWay.. YRC was never in the black my entire career...your comment about the union pension bailout was because .. from 2010 on... Yellow and all it other companies were not paying into the pension during the first round of union give backs and wage decreases..Yes 12 year of not paying into something adds up...But the 700 billion covid funding sure disappeared real quick.....

[@allenwayman6809]

The Teamsters put yellow out of business because of their greed

[@redmustangredmustang]

Nope that was management. Mismanaging $700 million given to them in 2020

[@LIFEWITHTHEJONESES1]

Not true

[@calvinmitchell6381]

Please do a little research. The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@highbrass3749]

The union leadership was corrupt yes, but drivers wages have been stagnant for decades when adjusted for inflation.

[@allenwayman6809]

@@highbrass3749 would’ve been no big inflation if they didn’t let the wrong crook take over the country

[@mikeansley254]

Yellow was bailout before they should have learned but greed never do...no second bailout

[@bsmiddy236]

HMMMMM Yellow 723 million loan.......Teamsters 36 BILLION GIFT....WHO NEEDS TO LEARN??? YEAH THAT'S WHAT I THOUGHT YOU ARE A DUMBA$$!!! Get back in mommies basement and eat some meatloaf!!

[@erickbernard8208]

Well my yellow freight die cast trucks just got more valuable lol

[@theodoreskaff1209]

You can park them right next to the CF trucks!

[@lindaday4734]

Unfortunately this is what happens when unions. companies and employees cannot agree It is never just the company's fault.. My former husband was a union worker and when n0 one could agree the company simply closed its doors. Everyone lost.

[@calvinmitchell6381]

In this case The teamsters could not keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@bsmiddy236]

@@calvinmitchell6381 Calvin go get some more hot pockets!!!! You're spewing the same crap as O'Brien. He punted on his union members. He told his 21,000 union members at Yellow that we are not going to let you work here. That wasn't Yellow that was the Teamsters! I guarantee you this all those union reps still have jobs!!!

[@bsmiddy236]

The union reps never lost their jobs

[@calvinmitchell6381]

@@bsmiddy236 @bsmiddy236 Please do a little checking and see if anything I said was wrong In what I said about the Yellow freight subject at hand.

[@lindaday4734]

True, but they did lose the revenue from the dues.

[@carlatamanczyk3891]

It may possibly be because of bad management decisions but on the other hand the unions have problems too.

[@candicebeebe6688]

Unions raise wages, Government adds rules / regulations, taxes. Owners just go to China. Good job Democrats

[@carmiethompson2676]

Unions are the problem when they don't inform rank-&-file of management proposals. Any bad management decisions were made at least 5 years ago. Yellow was trying to modernize(whatever that means) & the first stage was accepted by the Union. Why wasn't the second stage? I'm not a Union guy but I understand why they formed. However, the Union forgets why it was formed & then devolves into a shake-down racket against the company & fear mongering the rank-&-file. The Teamsters & the UAW are the biggest offenders. What I don't like is the Gov't. using tax money to secure pensions. The pensions should've been secure from the start. Typical Biden, throw someone else's money at a problem. Well, that's 30K members that won't be paying dues.

[@calvinmitchell6381]

You say you don't like it that the government bails out unions but you want the teamsters to keep covering a bad company that was millions behind in their contributions for the workers pension fund, with no way the company can pay that and future contributions. The teamster CAN NOT keep bailing out a badly managed company that has been losing money for at least a decade. The union will still cover the drivers pensions for time served when those drivers reach retitement age.

[@house_church]

If your company is called Yellow, your trucks should not be orange.

[@1FACEFIRST]

Unions do nothing but lose your job for you! It happened to caterpillar , consolidated freight-ways and many more. Unless your a teacher or postal worker run the other way!

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@edstevens4439]

Unions are demacrat party money machines.

[@Cindy-wd8wn]

This is all yellows fault. The teamsters were tired of getting screwed over!!!!!!

[@bsmiddy236]

so leave....quit your job....walk away....BUT NO YOU SHUT A COMPANY DOWN THAT COULD HAVE SURVIVED....Like I always say Unions enable people to either stay or become stupid and lazy. What gives you the right as a union to shut a business down??? Nothing!!! The union did this!!!!

[@Julia-en9xq]

Guess those Union drivers should learn to code now.

[@I_Died_2_Weeks_Ago]

😂 That or repair them robots

[@franksch9881]

I'm retired from GM and I am very lucky to have worked for them and to receive a decent retirement benefits. That being said the UAW is part of the reason that GM and other car companies have sent so many jobs over seas. Like the teachers unions people who don't do the job that they are getting paid for are just put on the side and so the company has to hire another person who will do the job right. Our union leaders where I worked used to bargain away the grievance of one union member just to save the job of a person who was always in trouble with the company. That's what happened to my plant in Hodgkin Illinois where we locomotive engines.

[@gregterrell4171]

The union is the reason you have retirement benefits. Cars aren't any cheaper being made overseas just the company's pocket more money.

[@mikerundle8188]

@@gregterrell4171 True, that's just business...Asian vehicles are assembled in the South with non-union workers who are better workers than the UAW and grateful for their jobs...

[@stardust-rv7mr]

1500.00+ a week down to 350.00 a week unemployment, good luck.

[@heartoftexas8092]

BIDENECONOMICS AT WORK !!!

[@WhoToldYouThis]

How?

[@heartoftexas8092]

@@WhoToldYouThis his policies caused this bankruptcy

[@WhoToldYouThis]

@@heartoftexas8092 how? Which ones?

[@geert574]

Joe is gonna help his union friends by learning them how to code

[@bsmiddy236]

LMFAO!!!!

[@sundancer3700]

Or Joes new idea become a farmer, LMAO

[@GrandpaShark]

@@sundancer3700 Talk to John Kerry about that!

[@tobecontunedusa7527]

Both sides had problems and now none have a job or union dues.

[@abctrucker8601]

Any driver with at least 1 year experience that holds a CDL A license and a good driving record can find a good paying 90 k per year or more job within a week or in some cases the same day. Many non union drivers are making 6 figure wages as employees with benifits.

[@abctrucker8601]

I just wanted to say that these jobs aren’t lost like news says. They will be rehired immediately provided that the layoff drivers want another driving job

[@philipthomas6808]

This is really a sad day for all of the workers who lost their jobs, but I'm sure most of the drivers will or can another trucking job 😞 f they want to work, but probably for less money... Still 30,000 jobs is significant and just today I saw a headline that the CVS pharmacy chain is planning to lay off 5000 employees! That's now 35,000 jobs in less than one week and we haven't seen this many job cuts since the the Financial Recession of 2009. This is not looking good folks.... Welcome to Joe Biden's America....😥

[@michaelseay9783]

Joe will claim the opposite. Habitual liar.

[@bsmiddy236]

C'mon folks....Move Along....Nothing Here to Look At....Just Move Along Please!!

[@aaronanglea]

i bet all the Yellow drivers that joined the union wish they hadn't

[@MrMaWis-xh3zr]

Every one thinks business will last and be around for decades. It never works out that way. The business owners shut down for one reason they don't make the money, profit that they "expect" to make. So they fold up shop. Store, and companies close and fold, other one's form and take there place. Sears, Turn Style Goblats,Spergensall department stores long gone, Shop-Ko , Kmart, filled there spot Walmart filled those space evenchaly Walmart will fall and a new store will rise and fill the space Even online Amazon will eventually FALL . It is what it is.

[@garyt-of6yb]

I THINK PRETTY FOOLISH! SOCIAL SECURITY IS ENOUGH FOR THE POOR! BUT A PENSION WITH IT MAKES LIFE A WHOLE LOT BETTER! THINK OF YOUR FUTURES!

[@DavidHernandez-hj5gt]

The Union(teamsters)are screwing things up here at the ports of LA/LB,they have decide to not work 8/3/23 Thursday cause of there union "meetings", now the rest of us drivers are going to loose a day worth of pay. Soon the whole terminals will be automated and they wont need the teamsters anymore. They(union)are going to screw there self's and will be crying why they are not needed anymore.

[@RubenRodriquez-fj1kq]

Good teamsters will stop new employees from doing there potential I worked out of San Antonio terminal an alot are secret society members.

[@russells.8992]

$700 million of taxpayer money and no oversight is some shameful mud

[@timothyproksch2915]

Right to work states are working and union states are not you do the math

[@JamesFAFOCreel]

SOMETHING IS ALWAYS BETTER THEN NOTHING! I feel bad for the people that wanted to take the deal….

[@bsmiddy236]

Exactly.....but guess what...the union reps still have their jobs!!

[@JamesFAFOCreel]

@@bsmiddy236 and your point is? 😂🤣😂😂😂

[@bigbaby4584]

Fake news, Fake news and fake more news.

[@learkingofalbion8520]

I guess it’s too late to get an answer from Yellow why it is that its logo has been Orange. A pity…

[@armyranger9346]

There was once a need for unions. They made the work place safer for many people and helped increase worker's pay. Then, in order to keep those union dues coming in, unions went too far and actually destroyed industry in the USA. They had the US auto industry paying too high of wages with too many benefits for active workers and spending more money on retired workers pensions and benefits than they were on their active work force. This caused the price of US made autos to skyrocket and the US auto industry could no longer compete in the world market. Eventually the US auto market all but died off. They did the same thing to many other US industries. Now it costs so much to make anything in the USA that almost no US businesses can compete in the world market. That's why today, the vast majority of products sold in the USA are foreign imports. It's also why US exports are becoming less and less. Democrats are just as bad. In an attempt to buy votes with US tax dollars, they continually create more and more government programs that increase government spending. Then they print more money in an attempt to cover the costs of all their spending. This all causes US inflation to get even higher. Their solution to fix these problems they created is to raise the US minimum wage. That causes US made products to be even more expensive and US exports to become even fewer while causing US inflation to go even higher. The solution is to cut US government spending, stop printing more money, make all states right to work states, do away with a federal minimum wage and let each state set their own minimum wage, end all vote buying schemes then get the federal government out of US businesses.

[@bsmiddy236]

Well Said!!

[@Ekrindul]

You forgot infiltration by organized crime.

[@drkrypton4410]

my whole family agrees.

[@sameoldthing2240]

I agree…

[@couchwarrior2449]

In a perfect world....

[@Dale-oy5uo]

Yeah you're absolutely right about the freight if it stays there overnight it'll be on eBay the next morning

[@DRNT940]

Actually it'll be on a load board. That's not ebay.

[@JamesJ30t]

Surprised somebody did not buy them out.

[@mahlonhenry2401]

Greedy unions strike again over and over

[@calvinmitchell6381]

The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@m.s.9744]

Union greed killed the proverbial golden goose. Now 300000 people lost their jobs!

[@ExpeditionNomadicAdventures]

The business received a 7-hundred million dollar loan from the US Government, and blaming the Union is shameful. Business mismanagement and political investigation to determine where the loan money went. The drivers will find jobs but criticizing the Union is horrible.

[@bsmiddy236]

Ahh Cherry Picking are we didn't they say the Teamsters got a 36 Billion Dollar Payout?????

[@isetbudsonfire]

The teamsters are a shell of their former selves. Yellow was severely mismanaged. $700 million bailout 2 years ago and they somehow fail. The bigger issue is how truck drivers are treated today. I’m one of the lucky local drivers that goes home daily and gets OT but not til after 45 hrs. The deregulation of trucking ruined the industry and destroyed one of the best routes to middle class in America.

[@ryanbrandner3496]

Actually your wrong, the Teamsters membership has grown and is growing, where have you been????

[@rodedawg77]

Of course "fox business" and the freight waves guy make Hawkins out to be the good guy and the "greedy workers" the bad guy. Sickening.

[@fighterjetsteve]

What's sickening is trade unions hog tying businesses so they can't be competitive......🖕🖕

[@rodedawg77]

@fighterjetsteve Trump gave $700 million of our tax dollars to his corporate buddies at Yellow who are going to set the record for the largest trucking firm bankruptcy ever. He did this while Yellow was under investigation for overcharging the DOD for freight services from 2005-13. Imagine if the mainstream media looked into the connection between Apollo Global Management's investment into Yellow, their loan to Jared Kushner, and Yellow's massive $700 million subsidy from our taxes.

[@franklinroosevelt8433]

Brokers and high fuel prices put yellow out of business

[@rickhale4348]

I was a union Stewart in the teamsters. The organization is corrupt and antibussines. They require to represent union members even when they should lose their job for serious work issues.

[@steven4315]

Never heard of a union stewart.🤔

[@dnoll4759]

Good Report, now think about all the people and supplies that are in the background that this effects.

[@aaronfoster8408]

Fox always will paint the negative. They could’ve paid those guys and girls and company could’ve been saved. “Teamster Attacks”?!!! Fox quit it

[@calvinmitchell6381]

I agree with you. The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@phoenixbrazil5266]

Only in America does a company fail and Fox blames the employees

[@charliebrown5611]

And the rich get richer.

[@Neal_only1]

At my first duty station DoverAFB i worked at the Aireal Port there in truck offload in section of the warehouse where downloaded several yellow frt and others daily on 12 hr shifts back in 1977

[@calvinmitchell6381]

Yellow freight was a good solid profit making business. Now it was a bleeding company that was mismanaged for over a decade..

[@MajorAnthonyNelson]

BidenNomics is Working great 🤡

[@DevilTravels]

And guess what happened when unions go away . Trucking companies can't find enough employees so they use low cost foreigners and liability issues have had to be added to the cost of goods.

[@prestonhanson501]

Yeah and now we we are not paid for 30% of the work we do. Work 16 hours a day. Don't get paid for days. Criminal low pay. Corruption like never seen before

[@tommywatterson5276]

Not when you throw UPS into the freight transportation umbrella.

[@EDD519]

the world will not stop ,because Yellow freight went broke ! the U S A needs more truck drivers !!

[@SpaceSailor-tu3vl]

You can see what unions do take a look at Detroit, Indiana , any government agency, Ohio , and the list go on . Alcohol, drugs, poor education, unable to stand on their own , poor productivity, negative ROI just how do you think yellow got into such Financial problems .

[@Raylen_slay]

Yellow mismanagement there funds. They were bailed out two time $725 million from the government. Not at all the teamsters to blame this is ridiculous

[@oceanmariner]

I know Yellow had bad management, but the union made it worse. The former union employees will be lucky to find another union job and probably work for less money and benefits. Maybe they would have been better off to compromise. Management couldn't even get the color right. Yellow Freight, orange trucks?

[@Losttribesmen]

She lying 🤥 she stuttering

[@Jameson4327]

It’s time for the teamsters union should be removed. They have gotten to big! How can you run a business and pay the workers wages over $20. per hour.

[@calvinmitchell6381]

The business has to be stable. UPS workers made over $20 an hour back in the 90s. The teamsters CAN NOT keep bailing out a badly managed company that has been losing money for over a decade. Several years ago the government loaned $729 million to help Yellow. Also there is the $50 million that Yellow failed to pay the workers Health and Welfare Fund and told the teamsters that they couldn't pay any more for the time being. When a company is run that badly for that many years we all know what had to happen. Most importantly the workers DID NOT lose their pension. The teamsters will pay them their pensions for time served when they reach their retirement age.

[@Jameson4327]

@@calvinmitchell6381 Do you truly believe it’s on the company fault. The Teamsters are a dirty, dirty business! It’s a pay to work situation.

[@shaunbarnes4420]

It’s not the responsibility of my teamster brothers to fix Yellows financial problems. Who do you have running this multi billion company? Where did the money go?

[@highbrass3749]

It’s the fault of company management and union leadership. They all got super wasteful and greedy. The drivers wages have been stagnant when adjusted for inflation. The problem with unions is they get too powerful and the leadership gets corrupt.

[@unclefatbloke687]

In less than 10 years there wil be zero teamsters! Because Tesla FSD will have enabled fully automatic trucking

[@SR-bh5jd]

The jobs aren’t gone, they have relocated to different businesses.

[@franklinroosevelt8433]

How can a truck company stay in business when it cannot demand higher pay for its services. Brokers are directly the cause of trucking failures

[@bsmiddy236]

ahhhh another one......because the trucking market fluctuates greatly and you have to adapt....unions do not allow that to happen without first trying to extort you.....but it is hard to extort a business when the business has told you they are running out of money.

[@franklinroosevelt8433]

@@bsmiddy236 running oit of money because of brokers

[@johnbrown4568]

UPS Union truck drivers will now earn $49.00 per hour. That is $102,000 per year (no overtime in this calculations) plus vacation, health insurance and other benefits. Guess what is going to happen to your personal shipping costs?

[@frankhannon8001]

There is more to the story..since 2009 the teamsters giving back 15 percent of their pay..we gave back a few billion and yellow freight still can’t get their act together 😊

[@kelg-ti7xb]

What this means is the average American are going to suffer because of this they brought down the union and nobody did a thing

[@davidmicalizio824]

Lots of stuttering here.

[@janalbertholwerda5954]

Too cheap to be good. This is good for good companys who still exist.. and who can use these "good' employees

[@albert-uj8ci]

Unions are your only chance to stand up for yourself against a powerful employer.

[@ninjagirl226]

Not modern unions. My mom’s Union pushed for lower wages during the inflation when her company gave every employee a COLA without any prompting. My mom said that the company made the Union look bad so it was lashing out. Then you have my sister’s teachers Union that quite literally led to her quitting teaching. So the school she was at was a school for at-risk kids, and because a lot of the families at the school are economically challenged the school paid their teachers $5/h so the teachers could better empathize with the students. My sister complained to the union going this is below minimum wage and the union backed the school and while the school was sympathetic to my sister as she couldn’t afford rent in that city because the pay was so low the Union just called her greedy and ungrateful.

[@albert-uj8ci]

@@ninjagirl226 Those are weird anecdotes. - particularly about a school paying $5 an hour. Was it a public school? Or was it a charity she was volunteering for?

[@delusionalz8707]

If you don't like that job, just quit ez, right?😂

[@calvinmitchell6381]

​@@ninjagirl226 Union workers are on a contract agreement. When they set a wage it stays the same for the length of the contract. Thats the way it was with UPS. While they never got a raise all through covid while everybody else did they had to wait till last month. Then last month the contract expired and the union got them their pay raise in a big way.

[@albert-uj8ci]

@@delusionalz8707 You picked the right user name dude.

[@richardspillers6282]

I live in my truck and often work well passed my 70 hours and im still not making any money. I work otr for a mostly regional company. I don't get to take home time, i never have off except for a 34 which isnt time off in my book. I can't even afford a home to go to. I've been in the truck 6th months non stop this go round. Im a single male, no kids or pets. 1 phone bill. I am the metric to go by. If its hard for me, I cant imagine what its like for someone with a family and multiple bills.

[@Patriot1777]

Because of Democrat City 😅😅😅😅

[@rebelbullhauler]

Most of the problem is brokers the put the loads on cheap and in Yellow’s position they could not drop their rates because they would loose money. They have faced high fuel costs and truck and trailer parts are way up. And here are the unions always wanting more money. It will be interesting if John Deere can keep it together eventually the farmers won’t be able to afford the over priced equipment and the unions pushed for wage increases and with the emissions the equipment is junk..

[@OpenYourEyes-]

Speaking the truth Greg. Facts

[@cosme2032]

Lazy Union workers need to work & give good customer service

[@scott5609]

This is false the teamsters gave yellow a huge break in pension contributions and the pay was lowered