https://twitter.com/CGasparino/status/1673645275628314627?t=RHeUZkmxQdxWVbcWaoX9xg&s=19
Looks like they are on the nasdaq
Brought up on TF by <@682731038354702350>. Haven’t looked into it much but 2024 puts look cheap and company doesn’t look like it’s doing well. Quick chatgpt DD pasted below.
According to the information I found, Yellow trucking company is not going out of business, but it is facing some financial and operational challenges. Yellow is the second-largest less-than-truckload (LTL) carrier in the U.S., with more than $4 billion in annual revenue and over 30,000 employees¹. However, the company has been struggling with debt, labor issues, and network inefficiencies for years².
Yellow received a $700 million loan from the U.S. government in 2020 as part of the CARES Act, which helped it avoid bankruptcy and pay its pension obligations³. The company also launched a restructuring plan called “One Yellow”, which aims to consolidate its regional brands (Reddaway, New Penn, and Holland) into a single “super-regional” LTL carrier, optimize its terminal network, and improve its technology platform³⁴.
However, the company still faces some hurdles, such as obtaining approval from the Teamsters union for its proposed changes of operations, which include closing some terminals and changing some work rules¹. The union has been resistant to the company’s plans, saying that it has been mismanaged for a long time and that it will not bail it out again¹. The company also faces competition from other LTL carriers, such as Old Dominion Freight Line and FedEx Freight, which have been growing faster and more profitably than Yellow².
In summary, Yellow trucking company is not going out of business, but it is undergoing a major transformation that may affect its future performance and viability.