Posts tagged freight haulers
92-year-old freight company turns rival bankruptcy into profit
August 5, 2026 // Yellow collapsed in August 2023 under a mountain of debt and a bitter dispute with the Teamsters union, in what industry observers called the largest trucking bankruptcy in American history, according to NPR. Yellow had taken $700 million in pandemic-era federal loans just three years earlier, according to CNBC. Customers had already started routing freight away from Yellow in the weeks before the filing, wary of a looming strike that never fully materialized.
Shakeup Of Teamsters Local 492 In New Mexico Continues As Hollywood’s Teamsters Local 399 Takes Over Its Film Jurisdiction
August 31, 2022 // Their resignations come in the wake of last week’s announcement, first reported by Deadline, that following an investigation and audit of Local 492’s financial records, the executive board of the International Brotherhood of Teamsters had transferred Local 492’s jurisdiction over film and TV production in the state to Hollywood’s Teamsters Local 399. Sources tell Deadline that prior to the takeover, Local 492’s movie division had been run like a “dictatorship” in a state that has become a major production hub thanks to its generous tax incentives program. Local 399 has long preserved its jurisdiction over film and television work in the 13 Western States through its “Black Book” agreement with the Alliance of Motion Picture and Television Producers.