The operational shutdown of Yellow Corp , a major U.S. trucking firm, should help prop up industry rates that tumbled after the cargo bubble of the early coronavirus pandemic deflated last year, transportation analysts said.
by the union, whose leader said: "Following years of worker give backs, federal loans, and other bail outs, this deadbeat company has only itself to blame."
Yellow's failure has a low risk of disrupting U.S. trucking markets because the industry has time to work out any kinks before the all-important winter holiday peak season, analysts said. Still, it is not good news for Yellow's customers, which likely will face double-digit price increases when they turn that business over to companies, Chan said.
Many of Yellow's former customers have starting the time-consuming process of shifting their cargo to different firms, while some have goods stranded in its network, said Ken Adamo, chief of analytics at DAT Freight & Analytics. "If you weren't prepared for this, it's probably a pretty tough day for you," Adamo said of Yellow's customers.Lisa BaertleinLisa Baertlein covers the movement of goods around the world, with emphasis on ocean transport and last-mile delivery. In her free time, you'll find her sailing, painting or exploring state and national parks.
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