Trucking Firm That Got $700 Million U.S. Bailout Declares Bankruptcy
New York TimesMAR 28 2023
The Spin
Right narrative
The collapse of a vital player in America's trucking world came at the hands of an unreasonable union making unrealistic demands. The company has long needed to restructure its inefficient operations but was stymied at every step of the way by the Teamsters, with the threat of a strike driving away customers. Amid an industry-wide downturn, the union has shot itself in the foot by forcing tens of thousands out of the job with their pension and benefit demands, without realizing that everyone in the trucking world is struggling.
Left narrative
Instead of pointing the finger at the unions looking out for the workers, we should be looking at the profound mismanagement that has gripped Yellow for years. Not even a nearly billion-dollar handout from the government could stave off their collapse, which Congress says should never have been given to the company in the first place. Once again, a company that rode high on the taxpayer's dime is now crying poverty when the time comes to properly compensate workers.