Great article. Very insightful as the spiral has finally begun. My condolences to the employees who will lose their jobs but hopefully land on their feet.
As a retired customer of various Yellow operating units, I experienced several versions of the "next" rescue plan. The CARES Act cash infusion was the last and greatest hope, extending the financial runway for Yellow. Unfortunately, for Yellow, the industry has moved on from large, cumbersome legacy carriers. Despite the ongoing efforts and sacrifices of employees, the end appears to be in sight. A sad situation indeed.
Love how thorough and straightforward this is
Great article. Very insightful as the spiral has finally begun. My condolences to the employees who will lose their jobs but hopefully land on their feet.
As a retired customer of various Yellow operating units, I experienced several versions of the "next" rescue plan. The CARES Act cash infusion was the last and greatest hope, extending the financial runway for Yellow. Unfortunately, for Yellow, the industry has moved on from large, cumbersome legacy carriers. Despite the ongoing efforts and sacrifices of employees, the end appears to be in sight. A sad situation indeed.
Sad but accurate. Kudos to the ones who got out in time and condolences to those who didn’t.