Yellow Corporation

So I got in about halfway through on Brain Dead's phone call.

Did he mention anything about the Yellow Freight settlement?

He did, yes, early on.

And he made it sound like, what was it, they're offering like five days or something for vacation.

Oh, I'm sure the drivers love the idea of another mega broker squeezing them.

It's the same pattern as the Yellow Corp settlement.

The Teamsters took $17.2 million for Warnack claims just to stop the bleeding.

It's partial recovery, but it's all they've got.

And the funny thing is, this isn't the only stock experiencing this sort of rally at the moment.

There's actually a delivery company, Yellow Corp, who recently ceased operations as it prepares for bankruptcy.

something I can only assume is because of the incorrect logo palette.

But they too have seen their stock skyrocket after announcing that they were approaching a deal with Apollo Global Management to get new capital for turning around the business.

And then you got to go downstream from there as well.

And there's all these... micro, you know, economic factors and, and forces at play, like things like YRC going out of business a few years ago, things, you know, even though it was a short lived thing, like the Estes hack as well, a few years ago, um, that because LTL is such a, such a, a small, unique, you know, oligarchy of a market with, with, um, the top 10 controlling so much of the volume in the industry.

And then, you know, even that long tail really probably stops around say, you know, carrier number 35 or so as far as size by revenue.

So anything happens to anybody, especially in that top 10 and there's going to be, there's going to be waves that, you know, ripple out pretty quickly throughout the rest.

And I say that in the sense that obviously this year, back in June, we saw the.

the establishment of the new FedEx freight.

And a few years back, as you had mentioned, we saw the exit of YRC from the LTL market.

Obviously, markets adjust, recalibrate, et cetera.

Although I have to tell you something interesting.

There was a wonderful guy who used to lobby for yellow freight, and I had killed something or helped kill something in the legislature that was a...

That was, this is great, Pat Garhant, who was a Republican, but I kept him on like I kept a lot of Snelling's people on.

The best one I ever kept on was Con Hogan, who was just incredible.

He did? Yeah, I got him from Snelling as well.

Yeah.

But anyway, so I got to be friends with a lobbyist from Yellow Freight who was a really, really nice guy, the local guy.

And the trucking companies wanted to have a special rule that allowed them to run their trucks up Route 22A.