'I want to move on': Bay Area resident, longtime driver for Yellow Corp. reacts to company's closure

A PRESENCE IN THE BAY AREA WITH A FACILITY IN HAYWARD. JULIAN: THEY CONNECTED WITH A LONGTIME EMPLOYEE. REPORTER: THE END OF THE ROAD FROM ONE OF THE LARGEST CARRIERS. YELLOW CORP. IS CEASING OPERATIONS AND FILING FOR BANKRUPTCY. POINTING CUSTOMERS 2800 NUMBER AND WORKERS TO THEIR UNION REPRESENTATIVES. THE SITE NOW STATES CLIENT. >> CC A LOT OF -- QUIET. >> CC -- YOU THERE. -- YOU SEE A LOT OF TRAILERS PARKED THERE. REPORTER: HE FOUND HIMSELF BACK THERE TO SAY HIS FINAL FAREWELL. HE IS LOOKING AT OTHER OPPORTUNITIES AT OTHER COMPANIES. >> I HAVE A WIFE TO TAKE CARE OF. MAYBE THE GOOD LORD WILL HELP ME ACHIEVE SOMETHING HERE. >> YELLOW FAILED TO REFINANCE MORE THAN $1 BILLION IN DEBT. IT COULD MEAN THAT DELIVERY COSTS WILL SKYROCKET. OPERATIONS MANAGEMENT EXPERT WAYS IN. >> SOME OF THIS CAPACITY, SOME OF THIS WILL BE ABSORBED BY OTHER COMPANIES. THAT IS WHAT I EXPECT. YOU CAN EXPECT PRICE INCREASES. REPORTER: MORE THAN 12,000 TRUCKS. YELLOW RECEIVED A LOAN FROM THE GOVERNMENT IN 2020 AS PART OF A COVID-19 RESCUE PACKAGE. NOW THEY ARE EXPECTED TO BE THE LARGEST TRUCKING BANKRUPTCY IN U.S. HISTORY. THE INTERNATIONAL BROTHERHOOD SAID YELLOW HAS HISTORICALLY PROVEN THAT IT COULD NOT MANAGE ITSELF DESPITE MILLIONS OF DOLLARS AND HUNDREDS OF MILLIONS IN FUNDING FOR THE FEDERAL GOVERNMENT. CERTAINLY. >> I WANTED TO SAY THANK YOU, BUT THAT

Channel: ABC7 News Bay Area

Views: 23,906

Keywords: news, Yelllow corp, yellow trucking, freight, Teamsters union, trucking layoffs, yellow corp bankruptcy, 30, 000 workers laid off

Id: DCU2RlA1wjM

Length: 3min 3sec (183 seconds)

Published: Mon Jul 31 2023