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Dug up some more dirt...
At the time the PPP loans were made, the Department of Justice was suing Yellow for alleged fraud related to overcharges to the Defense Department for freight carrier services. The company in March 2022 agreed to pay about $6.85 million to settle that lawsuit.
That...
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I hate to say it, but it is/was pretty obvious that YELLOW wasn't doing a very good job managing their money for the last 20 years. Buy another company - then get another mortgage. USF Holland is a great example. USF was next door to the YRC terminal here on Statesville Road. Did they shut...
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The Teamsters Central States Pension Fund (Established in 1955) has paid about 80 Billion dollars in benefits to roughly 600,000 beneficiarys. Employer Contributions are negotiated as part of the Teamster collective bargaining agreements (Union Contract). In other words, the pension is...