Posted on 08/01/2023 7:21:33 PM PDT by jfd1776
Yellow Freight, a massive, almost century-old LTL carrier, has gone out of business, and the “spin” of the business world will likely rival the spin of the political world in covering this news.
First, some background. LTL refers to “less than truckload freight,” so an LTL carrier is one that picks up relatively small loads, usually 1 to 5 pallets’ worth, and consolidates them at terminals with other such freight with similar destinations, in what is called a “cross-dock” operation. Through a network of base terminals across a metro area, a region, or even the entire country, the nation’s thousands of LTL carriers consolidate such loads and deliver goods so that shippers don’t have the unbearable expense of hiring an entire truck for a small order.
Many such LTL companies have a truckload division and other divisions as well, such as logistics management consultancies, international freight forwarders, and project cargo subsidiaries, as did Yellow, but at Yellow, the LTL aspect has always been the driving force.
Yellow was a union carrier, so, both members of the transportation industry and the general public at large have been treated to very public battles between the company and the Teamsters for generations....
(Excerpt) Read more at americanthinker.com ...
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As I predicted, the Covid crap is going to haunt us for a very long time.
Good column.
“...As I predicted, the Covid crap is going to haunt us for a very long time...”
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Not mentioned at all in the analysis in the article.
Bookmark
My take from my analysis of things you can’t see.
Thanks for posting. I like reading articles that include ideas that I haven’t already thought of. The last half of this article was well worth the read.
Thank you!
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Thanks for posting. I work in logistics, 16 years now.
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