How Did Yellow Freight Fail? Driver's Perspective
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Published 2023-08-03
In this compelling and eye-opening video, join us as we delve into the recent and shocking shutdown of Yellow Freight through the unique perspective of a seasoned truck driver who spent 8 years behind the wheel of their iconic yellow trucks.
Get ready to hear a first-hand account of what it was truly like to work at Yellow and New Penn, as our featured Matt shares his candid experiences and intimate knowledge of the company's inner workings. From the exhilarating highs of pandemic trucking to the challenging lows of the recent economic conditions, he leaves no stone unturned.
Matt witnessed the evolution of Yellow Freight over the years and it's subsequent partner New Penn. He will take you on a journey through the years, sharing how the company's ethos, culture, and priorities changed during his time there, and how these changes had a significant impact on the employees and their working conditions.
Moreover, we delve into the red flags that our driver noticed while working at Yellow, leading him to believe that the company was spiraling downhill. From potential mismanagement to questionable business decisions, we explore the warning signs that were evident to those who had a front-row seat to the company's troubles.
This video is not just an informative expose of a significant business event, but also a tribute to the hardworking men and women who tirelessly maneuvered the trucks across the nation to keep the wheels of commerce turning. Our featured driver's insights provide an invaluable glimpse into the life of a trucker and the challenges they face in an ever-changing industry.
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All Comments (21)
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Whatās your take on the recent Yellow Freight collapse?
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Thank you for your insights. Your thoughts are very similar to mine. I have worked for Yellow for 27 years and I remember the good old years when Yellow was voted #1 carrier for 6 years in a row and like you said, so much freight on the docks it was hard to get around and like you, I also learned how to do things right from the older, more experienced guys. I'm going to miss some of the guys I worked with and most of my customers I have delivered to and picked up from over the years.
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The business climate is toxic in America, ever since 1913.
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Very very informed employee. These are type of employees freight carriers need. Sorry to watch his company crumple due to being over extended.
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You did a great job of explaining what is going on with Yellow, I knew a lot of the old Yellow Transit drivers out of St Louis, back in the seventies and eighties, Thanks again
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Pleasure workin w you Matt. Nice channel!
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I knew nothing about trucking. I watched this vid and now I know a little something about trucking. Thanks.
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The yellow corp. has ruined the names of Roadway USF Holland and NewPenn . Even if yellow survived ( and it looks like it will) no one will work for them. They treated the employees as a liability not an asset. Even though I love my job with Holland. Myself and many many other feel like we were done very wrong. The name Yellow is so bad that the customers Iāve talked to said they will not let yellow back on their property. I donāt blame them.
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Very good perspective. Im yellow terminal 244
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Happened to me as well when I was at CSX Conway Central Express.
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You didnt mention that taxpayers were forced to shore up that pension. It was failing as it should have.
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Itās a shame what happened to New Penn. my dad worked for New Penn for a very long time. He worked for them out of Southington, Connecticut.
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I like the end no one picks up, because no one is there.
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Yellow was also the cheapest carrier pricing wise. The last call I listened the average shipment price for the other carriers was over $500 bucks a shipment and Yellow's was $350 a shipment. It cost a lost of money to maintain an LTL network with all the facilities that you need to have in order to properly service your customer base.
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ABF allows owner operators and they are doing pretty darn good. Back in 2008 Yellow drivers in Chicago that I new said Yellow was ruining everything back then. They then went to Holland and Yellow YRC came and ruined Holland along with Roadway. I tried to get on with Overnight back in 06 and glad I didnāt. LTL freight is a very tough business
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I went to work for the USPS after I got out of the army in 1976. As most postal employees I started out in the craft. There are three big ones and a few smaller ones. I was a member of the letter carries union until I moved on. The contracts did not allow for crossing crafts like you mentioned. That is to solely protect union jobs in a particular craft. It does nothing to help the rate payer who is the one who pays you.
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Them Yellow trailers gonna look good as storage trailers
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It's official, chapter 11 bankruptcy. Great informative vid.
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Are you New Penn? I am at 139 formerly 12.Southington ,Ct
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I went to work for CF back in 1983 and I have heard yellow was going bankruptcy for as long as I can remember
