After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down
After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
What's the bet they pocketed most of that money and then closed.
22🎵Look at the stars, look how they shine for you. 🎵
6When you are a leech of the people, you can't be punished, right?
5Leeches of the people get a pass, because they’re a sad ☹️
2I know of at least one orange dude that just about nothing has happened to for what... seven years now? So yeah, guess it tracks.
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I'm sure I can find it in the article but what kind of bankruptcy? Are investors walking away with bruises?
4Stock fell on Thursday, declared bankruptcy Friday.
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What's their burn rate that they're going bankrupt after 700M in cash?
4At 30,000 employees that's only $23,000/person. I'm sure payroll alone is well North of $700M per year.
4Thanks for doing the math
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