Trucking company shuts down - Nuclear energy milestone - Objects thrown at musicians

Source: Bureau of Transportation Statistics

1. Summary
   The Yellow Trucking Corp. shuttered operations on Sunday, according to the Teamsters union, which represents 22,000 of the company's workers. The move will likely mean the loss of 30,000 jobs. Yellow is the nation's third-largest less-than-truckload carrier (LTL carriers move pallet-sized shipments, smaller than a container but larger than a parcel). One expert told NPR the shutdown will not cause a supply-chain crisis.
   
   A strike at the company was averted days ago, when a pension fund agreed to extend health benefits for workers affected by the company's failure to contribute to the benefits payment fund. Analysts told NPR that fears of a strike caused Yellow's clients to flee to its competitors, as did Yellow's assertions during union negotiations that it was running out of cash.
   
   Earlier this year Yellow blamed the Teamsters for blocking a debt refinancing operation that it said was "essential to the company's survival." The Teamsters countered that Yellow has been poorly managed for decades and wasted a $700 million federal bailout loan.

   Highly-rated - last 48 hrs
   The Yellow trucking company meltdown, explained.
   NPR (Moderate Left) • Factual Grade 80% • 5 min read
   

1. Different political viewpoint
   Yellow freight looks like it's going under.
   Hot Air (Right) • Factual Grade 74% • 5 min read

1. Selected long-read
   Facing bankruptcy after a $700 million bailout.
   New York Times (Moderate Left) • Factual Grade 78% • 6 min read

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