Washington Examiner (August 2)
“Yellow Freight, one of the oldest trucking companies in America…hit the end of the road Friday” when both union and nonunion workers were laid off. A bankruptcy filing appears imminent. “While the Teamsters-UPS agreement to avert a strike has lessened what could have been a disastrous economic event, Yellow’s potential insolvency marks one of the biggest collapses in jobs in the U.S. trucking industry” and could still lead to “economic uncertainty.”
Tags: Agreement, Avert, Bankruptcy, Collapses, Disastrous, Insolvency, Jobs, Laid-off, Nonunion, Strike, Teamsters, Trucking, U.S., Union, UPS, Workers, Yellow Freight
The Guardian (April 5)
“The tit-for-tat exchange of tariffs between the United States and China gives the impression the world’s two biggest economies are headed down the road towards a trade war, which would have hugely damaging economic consequences. But this could be averted if they continue quiet backroom discussions to open up their markets, particularly China’s.”
Tags: Avert, China, Damaging, Discussions, Economic consequences, it-for-tat, Markets, Tariffs, Trade war, U.S.
