Yellow freight drivers lose pension
Yellow, one of the country's biggest freight carriers, has been struggling with heavy debts, fleeing customers and a strike threat, leading to a whopping 80% drop in freight volume in recent days. . . Jul 23, 2023 · Heartbreaking video shows a driver releasing his frustration after learning that his pension is at risk amidst trucking company Yellow Corp. Yellow, once one of America’s dominant shipping companies, intends to file. Just two days after the last letter was received, on July 15, two Yellow operating companies, YRC Freight and Holland, failed to make required payments totaling $50 million to the Central States Health and Welfare Fund and the Central States Pension Fund. Yellow Corp. So officials have argued that retirees will ultimately see major cuts either way. . ★★★★★. , the fifth-largest trucking firm in the United States, has shut down its operations and laid off 30,000 drivers, yard workers and office staff across the US. . . Entirely company paid on your behalf,. As it turns out, people’s livelihoods and their means to pay bills and put food on the table are at stake here, and. FORT WAYNE, Ind. Yellow Corporation 11500 Outlook St. Jul 31, 2023 · Sarah Ritter. So. lost, and YRC now enjoys a major cost savings—the difference between $70 and $342 weekly per employee benefits for pension contributions. Fallon/AFP/Getty Images) 7 min. | World News. Jul 31, 2023 · There's big news out of the trucking industry today. Yellow Corp. .