Yellow trucking ceases operations nationwide; 500+ out of work in St. Louis

COMING UP IN A COUPLE OF MINUTES. ALL RIGHT, GLENN, THANK YOU. IT IS THE END OF THE ROAD FOR ONE OF THE NATION'S LARGEST FREIGHT CARRIERS. YELLOW TRUCKING IS SHUTTING DOWN, ACCORDING TO THE TEAMSTERS UNION. >> THE COMPANY IS HEADED FOR BANKRUPTCY, LEAVING THOUSANDS OF WORKERS ACROSS THE COUNTRY WITHOUT JOBS. FOX TWO'S KELLEY HOSKINS LOOKS AT THE EFFECTS THE CLOSURE WILL HAVE HERE IN ST. LOUIS. >> THE YELLOW COURT TRUCKING COMPANY HAS BEEN RUNNING FOR NEARLY A CENTURY. AND AS YOU CAN SEE, EMPLOYEES HERE IN OUR AREA OF ALREADY HUNG UP THEIR BEST AFTER GETTING NOTICED THAT THE COMPANY WILL HALT OPERATION LAID OFF CLOSE TO 30,000 EMPLOYEES ACROSS THE COUNTRY. YELLOW DRIVERS BEST HAVE BEEN TIED TO THE FENCING AT YRC FREIGHT TERMINAL IN SOUTH ST. LOUIS AS THE TEAMSTERS UNION THAT REPRESENTS THOUSANDS OF YELLOW CORN EMPLOYEES HAVE BEEN LOCKED IN A STANDOFF WITH THE COMPANY AFTER THEY TOLD THE COMPANY NEEDED TO RENEGOTIATE IS MULTI YEAR CONTRACT. ONE YELLOW EMPLOYEE MICHAEL GOT. >> WHO WAS NOTIFIED THAT THE COMPANY PLANS TO CLOSE ITS STORES HAS BEEN DRIVING FOR THE COMPANY FOR 15 YEARS. >> IT SAYS HE WAS CAUGHT OFF GUARD BY THE NEWS. I WAS AN EMPLOYEE HERE WAS UNTIL. >> MIDNIGHT OF 2 DAYS AGO SATURDAY. WELL, AND OUR BOSS WAS TOLD TO COME IN SHOP UP. AND TURN ALL THE POWER OFF. SEND EVERYBODY HOME. >> THE TEACHERS UNION WHICH REPRESENTS THE COMPANY'S 22,000 UNIONIZED WORKERS RELEASED A STATEMENT. >> IT SAYS THAT TODAY'S NEWS IS UNFORTUNATE, BUT NOT SURPRISING. YELLOW HAS HISTORICALLY PROVEN THAT IT COULD NOT MANAGE ITSELF DESPITE BILLIONS OF DOLLARS IN WORK OR CONCESSIONS AND HUNDREDS OF MILLIONS OF BELLA FUNDING FROM THE FEDERAL GOVERNMENT. THIS IS A SAD DAY FOR WORKERS AND THE AMERICAN FREIGHT INDUSTRY PEACOCK SAYS IT'S A BUSINESS THAT HAS BEEN SADDLED WITH DEBT DESPITE HAVING RECEIVED FEDERAL PANDEMIC. LOT OF A LOT PEOPLE WORKED FOR. A LOT OF PEOPLE PUT IN A LOT OF TIME. WE DID EVERYTHING WE COULD TO TRY TO HELP THE COMPANY THROUGH THEIR FINANCIAL WOES. >> LIKE I SAID, 15 YEARS OF GIVING 15% BACK. TO YOUR PENSION FREEZES. AND FOR WHAT? FOR THEM TURN A BLIND EYE AMERICAN WORKERS.

Channel: FOX 2 St. Louis

Views: 12,005

Keywords: stl, st. louis, news, local news, ktvi, kplr, missouri, Yellow, Yellow trucking

Id: 62CbrbSZuiU

Length: 2min 18sec (138 seconds)

Published: Mon Jul 31 2023