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A significant drug trafficking seizure at the Port of Long Beach, where authorities intercepted 55 tons of dicumyl peroxide, a chemical used in methamphetamine production. This shipment, which originated in China and was destined for the Sinaloa drug cartel in Mexico, was confiscated as part of an ICE initiative launched in 2019 to target suspicious chemical precursor shipments. The podcast also provides an update on Yellow Corp.'s asset liquidation process, noting the company has filed a motion in federal bankruptcy court to sell four of its terminals valued at $6.8 million. This action represents a further step toward winding down operations, with mostly non-logistics buyers showing interest in these property assets. Additionally, the Trump administration's announcement of $5.4 billion available for major bridge projects across the United States is covered, including $4.9 billion for the Bridge Investment Program and an additional $500 million dedicated to rural bridge repairs. A key highlight of this program is the removal of previous Biden-era approval requirements related to climate change and environmental justice considerations, aiming to streamline the process for state and local governments involved in these critical infrastructure projects. Finally, the episode reminds listeners about upcoming FreightWaves virtual events, including the Enterprise Summit on July 23rd and the Supply Chain AI Symposium coming up quickly on July 30th in Washington D.C.. Registration for these events can be completed by visiting live.frightwaves.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Building relationships is fundamental to turning around middle-market companies, according to SierraConstellation Partners (SCP) Founder and CEO Lawrence Perkins, as employees are “in the center of the bullseye [and] doing the work every day, taking the calls from the vendors, taking the calls from the analyst, the private equity sponsor...the direct lender.” In his feature interview with Bloomberg Intelligence analysts Noel Hebert and Phil Brendel (7:36), Perkins shares he's encountering more “distressed by accident” lenders these days, courtesy of the private credit boom, than the “distressed on purpose” ilk. He delves into the differences between Chapter 11, Article 9 sales, and Assignment for the Benefit of Creditors (“ABC”). Prior to that, Hebert and Brendel open up with thoughts on April's market whiplash. The podcast concludes with BI's Negisa Balluku joining them for a roundtable discussion on Hertz, J&J, Ardagh, Franchise Group, Yellow Corp and Telesat (67:28). Links mentioned in the podcast: https://www.distressedinvestingconference.com/media-night.html
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers President Trump's reciprocal tariffs, U.S. Steel's potential growth amid new tariffs, and trucking firms acquiring former Yellow Corp. terminals. Learn more about your ad choices. Visit podcastchoices.com/adchoices
in this episode, i talk about term limits on all politicians, and if there should be a retirement age for politicians. Also, Yellow Corp scheduling a confirmation hearing for payouts to creditors and former workers
In his 35 years on Wall Street, Moelis' Global Co-Head of Capital Structure Advisory Bill Derrough hasn't seen a rescue-financing environment as robust as today, “where we [can] run so many parallel processes at the same time.” As one of the key bankers behind Hertz's successful bankruptcy auction and American Airlines' game-changing Chapter 11 exit merger, Bill shares with Bloomberg Intelligence's Noel Hebert and Phil Brendel some “war stories” and his insights on trends in liability-management exercises, the rise of cooperation agreements and developing creative restructuring solutions (6:00). Prior to that, Noel and Phil discuss the high yield market's historically-tight spreads and 4.5-year respite from a surge in distressed inventory. The podcast concludes with BI's Negisa Balluku joining Noel and Phil for a round-table discussion covering Serta Simmons' impact on equitable mootness, Hertz, Yellow Corp., Spirit Airlines, GOL Airlines and Franchise Group (1:30:00).
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers trucking's expected success during the holiday season, Class 8 sales for November, and more former Yellow Corp. terminals being bought. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Thanksgiving weekend retail sales numbers are in; we have the data, ae the numbers up or down? R+L Carriers reopens former Yellow Corp. terminals, where are they? October Port Container volumes have been announced; which ports saw increases, which saw decreases and why? Oil reacts to the ceasefire between Hezbollah and Israel collapsing, OPEC+ likely to extend production cuts until the end of the first quarter in 2025 and weak global demand.
Thanksgiving weekend retail sales numbers are in; we have the data, ae the numbers up or down? R+L Carriers reopens former Yellow Corp. terminals, where are they? October Port Container volumes have been announced; which ports saw increases, which saw decreases and why? Oil reacts to the ceasefire between Hezbollah and Israel collapsing, OPEC+ likely to extend production cuts until the end of the first quarter in 2025 and weak global demand.
East and Gulf Coast Ports prepare to close; the issues and ramifications. Commerce Department released the Personal Comsumption Expenditures report, the key Federal Reserve's inflation gauge. What were the results and what does it say about the battle against inflation. Sale of remaining Yellow Corp. terminals. Oil reacts to fears of a widening conflict in the Middle East curtailing Iranian crude supply after Israel attacks terrorists in Lebanon and Yemen, OPEC+ potential oil production increases, Beijing stimulus may not be enough to lift demand, Chinese factory activity shrinks for a fifth straight month and reports that Libya's oil production may come back online this week.
East and Gulf Coast Ports prepare to close; the issues and ramifications. Commerce Department released the Personal Comsumption Expenditures report, the key Federal Reserve's inflation gauge. What were the results and what does it say about the battle against inflation. Sale of remaining Yellow Corp. terminals. Oil reacts to fears of a widening conflict in the Middle East curtailing Iranian crude supply after Israel attacks terrorists in Lebanon and Yemen, OPEC+ potential oil production increases, Beijing stimulus may not be enough to lift demand, Chinese factory activity shrinks for a fifth straight month and reports that Libya's oil production may come back online this week.
SVP operates as “one big virtual global office” built on three functional “pillars” — sourcing, dealmaking and its operating partners — according to HJ Woltery, the firm's co-head of the European investment team. Bloomberg Intelligence's Noel Hebert and Phil Brendel had an in-depth feature interview with Woltery on European distressed debt. They delved into SVP's investment approach and how the restructuring landscape varies from the US and among European countries (7:15). Prior to that, Hebert and Brendel discussed August's telecom-led credit rally and what the start of rate cuts means for the corporate credit cycle. The podcast concludes with BI's Negisa Balluku joining the two for a roundtable discussion covering Avon, Hertz's make-whole decision, Gol airlines, TPG, Diamond Sports, Mallinckrodt, Yellow Corp. and the proliferation of cooperation agreements (1:02:25).
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers a big move for a former Yellow Corp. executive, a leadership change at Norfolk Southern, and August Class 8 truck sales. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Kevin discusses the Consumer Confidence Index released on Tuesday. Because of a bill signed into law by Gov. Tim Walz, in 2023, Minnesota fuel taxes to jump in 2025 through 2027. A new fuel analysis by the Tax Foundation shows the states with the highest to the lowest diesel and gas TAXES. Estes acquires 7 leased terminals previously operated by bankrupt Yellow Corp. Crude oil prices react to a smaller-than-expected draw on crude stockpiles; China's struggling economy and slowing oil demand; the potential loss of Libyan oil output and escalating fighting between Israel and Hamas and Hezbollah.
Kevin discusses the Consumer Confidence Index released on Tuesday. Because of a bill signed into law by Gov. Tim Walz, in 2023, Minnesota fuel taxes to jump in 2025 through 2027. A new fuel analysis by the Tax Foundation shows the states with the highest to the lowest diesel and gas TAXES. Estes acquires 7 leased terminals previously operated by bankrupt Yellow Corp. Crude oil prices react to a smaller-than-expected draw on crude stockpiles; China's struggling economy and slowing oil demand; the potential loss of Libyan oil output and escalating fighting between Israel and Hamas and Hezbollah.
Don't expect “gentlemanly” behavior from corporate boards under financial stress, says Hilco Global's Vice Chairman James H. M. Sprayregen, as they should consider exercising all the rights available to them under credit agreements to maximize enterprise value. Bloomberg Intelligence's Phil Brendel and Negisa Balluku speak with Sprayregen, who founded Kirkland & Ellis's restructuring practice more than three decades ago, in this episode of BI's State of Distressed Debt podcast. They talk about those early days at K&E, his new role at Hilco Global, the jousting among lenders and debtors, the Supreme Court's Purdue decision and his restructuring outlook (5:38). Prior to that, BI's Noel Hebert and Phil discuss July's sharply-tighter credit markets and what to make of early August's wild swings as we head into credit's toughest months. The podcast concludes with all three examining the latest developments in bankruptcy courts and distressed situations, including SVB Financial, J&J, Ardagh, Incora, Diamond Sports, Yellow Corp. and Spirit Airlines (1:05:15).
Citadel and MFN competing to fund an unsecured junior DIP financing was just one of the "remarkable" aspects of Yellow Corp's ongoing bankruptcy, according to its Chief Restructuring Officer Matt Doheny. The North Country Capital's founder and president sat with Bloomberg Intelligence's (BI) Phil Brendel to share his philosophies on distressed investing, derived from a wide-ranging career in law, finance, and politics. They dive into two of the most fascinating bankruptcy cases of our time -- Yellow Corp and FTX (5:30). Prior to that, Phil and Noel Hebert of BI discuss the high yield market's strength despite some serious headwinds presented by a "higher for longer" environment. The podcast concludes with BI's Negisa Balluku joining Noel and Phil to tackle the latest developments in bankruptcy courts and distressed situations, including Red Lobster, WeWork, Rite Aid, Diamond Sports, J&J, Yellow, Rackspace, Genesis, and FTX (49:50).
Kevin celebrates the elimination of tolls on Alabama's Foley Beach Bridge; XPO re-opens a Yellow Corp terminal; the latest oil and gas prices; Werner 1st Qtr Revenue & Earnings. Also US economy headed for a soft landing or hard landing.
Kevin celebrates the elimination of tolls on Alabama's Foley Beach Bridge; XPO re-opens a Yellow Corp terminal; the latest oil and gas prices; Werner 1st Qtr Revenue & Earnings. Also US economy headed for a soft landing or hard landing.
Our guest on this week's episode is David Correll, a research scientist with the Massachusetts Institute of Technology Center for Transportation and Logistics. This coming Monday, April 22, we celebrate Earth Day. Begun in 1970, this is a worldwide event designed to recognize the importance of preserving our environment. Due to its basic role of moving goods worldwide, our supply chains are among the biggest contributors to greenhouse gases. While we can't totally eliminate our environmental footprints, there are things we can do to lessen their impacts on the environment. Each year, the Council of Supply Chain Management Professionals and the MIT Center for Transportation and Logistics produce a State of Supply Chain Sustainability report. Correll is the project lead for this ambitious research. He shares about the progress being made for sustainability with in supply chains. Members of the American Trucking Associations' (ATA) Women in Motion (WIM) group met with federal government leaders in Washington this week to advocate for policies that support women drivers and that will encourage recruitment and retention of more women in the industry. We look at the specific legislation they are promoting to improve the lives of women truckers. Freight company Yellow Corp. went out of business last year. It was one of the largest trucking companies to declare bankruptcy in history. Yellow blames its demise on contract negotiations with the Teamsters, while the union says the company spent more than it could afford to acquire other companies and expand. Regardless, the bankruptcy court has been selling off the company's remaining assets. We look at those assets and what other trucking firms have been buying them in order to expand their own operations at bargain prices. Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.Articles and resources mentioned in this episode:Massachusetts Institute of Technology Center for Transportation & LogisticsState of Supply Chain Sustainability Report (2023)Women truckers take their case to WashingtonEstes to open wave of new freight terminals acquired from bankrupt Yellow Corp.Get episode transcriptsVisit Supply Chain XchangeListen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcastSend feedback about this podcast to podcast@agilebme.comPodcast is sponsored by: Travero LogisticsOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITYTop 10 Supply Chain Management Podcasts
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
The exit of Yellow Corp. from the less-than-truckload (LTL) market last summer helped mitigate weak freight demand and provided a tailwind for pricing. In this Talking Transports podcast, Old Dominion Freight Line's CFO Adam Satterfield joins Lee Klaskow, Bloomberg Intelligence senior freight transportation & logistics analyst, to discuss the outlook for LTL markets and how the company is positioned to take on more freight demand when it starts to inflect upward. The company's industry-leading service levels — measured by low cargo claims and high on-time deliveries — has allowed it to drive rates higher. Tonnage growth should come at high incremental margin and could drive a sub-70 operating ratio over time.See omnystudio.com/listener for privacy information.
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
For filings in the Yellow Corp chapter 11 bankruptcy proceedings, see https://dm.epiq11.com/case/yellowcorporation/dockets
Transport Topics is the news leader in trucking and freight transportation. Today's daily briefing features news on bankrupt less-than-truckload carrier Yellow Corp., Volvo Trucks North America's revamped Class 8 VNL tractor, and Averitt Express updating key facilities around Nashville, Tenn. Learn more about your ad choices. Visit megaphone.fm/adchoices
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
Noel Hebert, Bloomberg Intelligence's chief US credit strategiest and Philip Brendel, BI distressed credit analyst, talk about the seasonal credit trends that helped push the US distressed ratio to 19-month lows, and how the supply of distressed debt isn't likely to see much of a rise until at least the beginning of March. Chaney Sheffield, a partner at Canyon Partners, joins them to discuss his outlook for distressed opportunities in the new year, and talks about his firm's investment platform and process (5:50). Finally, BI bankruptcy litigation analyst Negisa Balluku offeres an update on developments in Rite Aid, Yellow Corp, Diamond Sports, Audacy bankruptcies and FTX's litigation against Grayscale (1:00:00).
Transport Topics is the news leader in trucking and freight transportation. Today's daily briefing includes more auction news regarding Yellow Corp.'s assets, and separate acquisitions made by Hub Group and BWT Logistics. Learn more about your ad choices. Visit megaphone.fm/adchoices
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
Noel Hebert, head of Bloomberg Intelligence's global credit strategy, and Philip Brendel, BI distressed-credit analyst, review the credit markets' November “melt-up.” Then, they have a wide-ranging discussion with Andy Taylor, head of research at Carronade Capital, on the opportunistic investing process, the power industry's AI tailwind and financial technologies to “kick the can” (3:45). Finally, Negisa Balluku, BI bankruptcy-litigation analyst, joins Noel and Phil to share her take on Purdue Pharma's oral argument before the Supreme Court. They also cover the latest developments in WeWork, Yellow Corp., Audacy, Rite Aid (1:15:15).
Transport Topics is the news leader in trucking and freight transportation. Today's daily briefing includes news about the sale of Yellow Corp.'s assets, truck driver drug tests, and one fleet management technology company suing another.
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
Sorry about the sound... the audio recording is the official court audio and was posted this way to the court's docket.For other filings on the court's docket and more other information about the chapter 11 bankruptcy proceedings, see: https://dm.epiq11.com/case/yellowcorporation/info
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
Sorry about the sound... the audio recording is the official court audio and was posted this way to the court's docket.For other filings on the court's docket and more other information about the chapter 11 bankruptcy proceedings, see: https://dm.epiq11.com/case/yellowcorporation/info
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
The hearing starts approximately 2 minutes and 20 seconds into the recording. Sorry about the sound... the audio recording is the official court audio and was posted this way to the court's docket.For other filings on the court's docket and more other information about the chapter 11 bankruptcy proceedings, see: https://dm.epiq11.com/case/yellowcorporation/info
In this month's State of Distressed Debt edition of the FICC Focus podcast, Bloomberg Intelligence global credit strategy head Noel Hebert and distressed credit analyst Philip Brendel discuss high yield's and distressed's uncanny strength through the summer amid higher rates. Then, bankruptcy litigation analyst Negisa Balluku and Brendel have an in-depth interview with Kris Hansen, co-chair of the financial restructuring group at Paul Hastings, on how “creditor-on-creditor violence” is a misnomer, the intersection of crypto and bankruptcy, Chapter 11 as a forum for resolving mass tort and his outlook for restructurings (6:10). Balluku, Brendel and Hebert wrap up with the latest developments for Johnson & Johnson, 3M, Alameda, Grayscale, Yellow Corp., Diamond Sports and National Cinemedia (1:22:09).
Mass layoffs at companies like Yellow Corp. often affect hundreds of employees. Iowa Workforce Development plays a major role in getting those people back to work. Lacie Kraft, Manager for IWD's Rapid Response Program, and Chad Pierce, Business Engagement Consultant, talk about the services IWD provides to both employers and employees during these incidents, and how IWD can help companies avoid mass layoffs before they even happen.
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
For court filings and other information about the chapter 11 bankruptcy proceedings, see: https://dm.epiq11.com/case/yellowcorporation/infoFor news see: https://www.costar.com/article/2060186871/old-dominions-15-billion-bid-for-yellows-truck-terminals-sets-stage-for-upcoming-bankruptcy-auction
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
Hearing starts approximately 5 minutes into the audio.For court filings and other information about the chapter 11 bankruptcy proceedings, see: https://dm.epiq11.com/case/yellowcorporation/infoFor news see: https://www.costar.com/article/2060186871/old-dominions-15-billion-bid-for-yellows-truck-terminals-sets-stage-for-upcoming-bankruptcy-auction
International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast
Hearing starts approximately 3 1/2 minutes into the audio.For court filings and other information about the chapter 11 bankruptcy proceedings, see: https://dm.epiq11.com/case/yellowcorporation/infoFor news see: https://www.costar.com/article/2060186871/old-dominions-15-billion-bid-for-yellows-truck-terminals-sets-stage-for-upcoming-bankruptcy-auction
This week's episode includes recaps of new coverage names Hawaiian Electric and Spirit AeroSystems, In-Court Action in Yellow Corp, FTX and Diamond Sports and potential restructurings from Mallinckrodt, Pure Fishing, Cano Health and Tenneco. And, as always, Reorg's Kate Thomas presents a preview of what's to come. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/ #highyield #leveragedfinance
Estes Express Lines is first in line to buy the terminals, tractors and trailers of bankrupt less-than-truckload rival Yellow Corp. after agreeing to submit a $1.3 billion stalking horse bid, a court heard Aug. 17. Richmond-Va.-based Estes will not, however, provide a $230 million loan to Yellow, as was under discussion the last time the U.S. Bankruptcy Court–District of Delaware heard from lawyers representing Yellow, its shareholders and creditors on Aug. 11.
An affiliate of the investment firm Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. and other senior lenders to the bankrupt trucking firm, according to a person familiar with the matter. The deal comes as Yellow seeks to secure a bankruptcy loan to fund its liquidation.
Yellow Corp. continues to work with potential financiers, including rival Estes Express Lines, that are offering alternative bankruptcy financing for the less-than-truckload company that's more affordable than a loan from lenders led by Apollo Global Management. Yellow lawyer Patrick Nash said Aug. 11 during a court hearing that funders are offering to provide a Chapter 11 loan to the company with payment priority behind Apollo and other lenders. Nash said Yellow expects to finalize a Chapter 11 loan this week. Its next appearance in bankruptcy court is scheduled for Aug. 15.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Yellow Corp., known previously as YRC Worldwide Inc., has slammed the brakes on its operations and is reportedly seeking refuge in bankruptcy. The buzz around this seismic event is reverberating through the industry, with the Teamsters Union and various media outlets taking the lead. But the story doesn't end there – the impact is stretching across the border into Canada.Link to the featured article:https://globalnews.ca/news/9868524/yellow-trucking-bankruptcy-canada-impacts/Grab a copy of my book: https://partsmanagerpro.gumroad.com/l/qtqax"The Parts Manager Guide" - https://www.amazon.com/Parts-Manager-Guide-Strategies-Maximize-ebook/dp/B09S23HQ1P/ref=sr_1_4?crid=3UZYOGZJUNJ9K&keywords=parts+manager+guide&qid=1644443157&sprefix=parts+manager+guid%2Caps%2C244&sr=8-4Please remember to like, share and leave your comments.Videos are uploaded weekly.Visit my website for more!https://www.partsmanagerprof.com/ For the full video you can find it here on my YouTube channel:Thousands Left Jobless As US Trucking Yellow Shuts OperationsIf you want me to continue making videos like these, please donate to our paypal account: paypal.me/partsmanagerproFair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended. ALL RIGHTS BELONG TO THEIR RESPECTIVE OWNERS* This video is for educational and entertainment purposes only.
Topics 1. The Montgomery Brawl 2. Pfizer Caught Lying 3. Rare Brain Eating Amoeba Cases Rise 4. Wayne Brady Likes It All 5. White South Carolina Woman Shops At Walmart 6. Never Let Your Kids Use A Public Restroom alone 7. Trucker at Yellow Corp snaps (Loses 30 Years Of Matching Funds Imputed By his employer due to the company missing one payment) 8. Use 2 Hangers To Protect Yourself On Hotel Locks --- Send in a voice message: https://podcasters.spotify.com/pod/show/foundationkings/message Support this podcast: https://podcasters.spotify.com/pod/show/foundationkings/support
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing for the nearly 100-year-old company to wind down operations. Yellow will seek to restructure its estimated $1.5 billion in debt, which includes more than $700 million owed to the U.S. government. The company's operation includes 300 facilities, a fleet of more than 12,500 trucks and 42,000 trailers.
Our guest on this week's episode is Caroline Chumakov, director analyst, talent and sustainability team at Gartner. Women continue to make inroads and impacts within supply chains as they are filling more executive and leadership positions in the industry. Our guest shares about the findings of new Gartner research, 2023 Women in Supply Chain Survey.Probably the biggest story in logistics over the past week was the shutdown of Yellow Corp. They were the nation's third-largest less-than-truckload freight company, with about 30,000 employees and 60,000 tractors and trailers. We discuss what happened this week and what it may mean for shippers without Yellow as a carrier.We continued to see slowing conditions across logistics and supply chain in July, part of a trend that began earlier this year. This week, researchers released the monthly Logistics Managers' Index report for July. It showed that economic conditions in the industry contracted for a third straight month. DC Velocity's sister publication CSCMP's Supply Chain Quarterly offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. The current series features Transportation Tech. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.Articles and resources mentioned in this episode:GartnerATA launches database for 30,000 workers who lost their jobs in Yellow Corp. collapseYellow Corp. shuts its doors on Sunday, could file for bankruptcy todayYellow tries to raise cash by selling off its 3PL divisionLogistics economy slowed in JulyGet episode transcriptsVisit Supply Chain QuarterlyListen to CSCMP and Supply Chain Quarterly's Supply Chain in the Fast Lane podcastListen to Supply Chain Quarterly's Top 10 Supply Chain Threats podcastSend feedback about this podcast to podcast@dcvelocity.comPodcast is sponsored by: PERC - The Propane Education and Research CouncilOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITYTop 10 Supply Chain Management Podcasts
Yellow Corp was to file for bankruptcy. Yet, online reports say Yellow drivers, like myself at Holland, are still technically working. In this episode, I go into this, and why I decided to move on. --- Support this podcast: https://podcasters.spotify.com/pod/show/david-shore2/support
In this week's episode of The Capitalist Investor, we dive into the latest earnings reports, the impact of a debt downgrade, and the cancellation of traditional light bulbs. We explore the implications of these events and discuss their potential impact on the economy and investors. Earnings Season: A Mixed Bag The recent earnings reports from tech giants Microsoft & Google have been generally positive, with most companies beating expectations. However, there are concerns about Apple's upcoming report, as some predict a slowdown in revenue growth. Despite the positive earnings, the market has been volatile, with the Nasdaq experiencing a 2% drop during our discussion. The Debt Downgrade Dilemma The recent debt downgrade of the United States has raised concerns about the country's financial stability. While some worry about the potential loss of the US dollar as a reserve currency, it is important to note that the US still has one of the highest credit ratings in the world. The last time the US was downgraded in 2011, the market experienced a 15% drop over two weeks. However, the current economic environment is different, with positive economic data and strong consumer spending. The Impact of Cancel Culture: Goodbye, Old Light Bulbs In the midst of all these economic concerns, we also discuss the cancellation of traditional halogen light bulbs. As part of the push for energy efficiency, these bulbs have been effectively banned, and consumers are now required to purchase more expensive LED bulbs. While LED bulbs offer benefits such as longer lifespan and energy savings, the increased cost can be a burden for many consumers. Implications and Future Outlook The current economic landscape presents challenges and opportunities for investors. The combination of high debt levels, inflationary pressures, and potential recessions requires careful consideration when building investment portfolios. It is important to analyze factors such as cash flow, debt levels, and management teams to make informed investment decisions. Additionally, the shift towards energy efficiency and the impact of cancel culture on consumer choices should be taken into account when evaluating investment opportunities. The current economic environment is complex and presents both risks and opportunities for investors. It is crucial to stay informed and adapt investment strategies accordingly. By analyzing the implications of events such as earnings reports, debt downgrades, and cancel culture, investors can make informed decisions and navigate the ever-changing market landscape.| 00:00:00 | Introduction to the podcast and the hosts || 00:00:12 | Recap of the previous episode and missed podcast || 00:00:40 | Discussion about missed trading opportunities || 00:01:14 | Acknowledgment of correct prediction about market drop || 00:01:49 | Regret about selling too early and missing out on potential profits || 00:02:29 | Announcement of upcoming episodes focusing on general financial planning || 00:03:33 | Mention of concerns about economic whispers and debt downgrade || 00:04:01 | Discussion about recent earnings reports || 00:06:09 | Mention of Amazon Prime Day and its impact on consumer spending || 00:08:26 | Discussion about the impact of unions on the trucking industry || 00:10:08 | Analysis of current earnings season and concerns about future expectations || 00:11:57 | Discussion about the bankruptcy of Yellow Corp and mismanagement || 00:19:45 | Mention of recent debt downgrade and its potential impact || 00:25:01 | Discussion about the cancellation of old style halogen light bulbs || 00:28:00 | Mention of rising utility prices and the impact on consumers || 00:29:22 | Discussion about rising oil prices and the potential for a recession |
A new study confirms what Stigall has been watching in his own sons and their friends for a while now. Hunter Biden's business partner testifies yesterday that the Incredible Husk regularly conferenced in to say hello when meeting with prospective clients. Even though Democrats/mainstream media say this isn't evidence of wrongdoing, just a typical father/son relationship. Plus economist Steve Moore unpacks Yellow Corp. trucking into bankruptcy and Elon Musk rips into investment firms pushing corporate America into progressive politics through financial force. -For more info visit the official website: https://chrisstigall.comInstagram: https://www.instagram.com/chrisstigallshow/Twitter: https://twitter.com/ChrisStigallFacebook: https://www.facebook.com/chris.stigall/Listen on Spotify: https://tinyurl.com/StigallPodListen on Apple Podcasts: https://bit.ly/StigallShowSee omnystudio.com/listener for privacy information.
A new study confirms what Stigall has been watching in his own sons and their friends for a while now. Hunter Biden's business partner testifies yesterday that the Incredible Husk regularly conferenced in to say hello when meeting with prospective clients. Even though Democrats/mainstream media say this isn't evidence of wrongdoing, just a typical father/son relationship. Plus economist Steve Moore unpacks Yellow Corp. trucking into bankruptcy and Elon Musk rips into investment firms pushing corporate America into progressive politics through financial force. -For more info visit the official website: https://chrisstigall.comInstagram: https://www.instagram.com/chrisstigallshow/Twitter: https://twitter.com/ChrisStigallFacebook: https://www.facebook.com/chris.stigall/Listen on Spotify: https://tinyurl.com/StigallPodListen on Apple Podcasts: https://bit.ly/StigallShowSee omnystudio.com/listener for privacy information.
Thousands of semi-trailers and 33,000 workers, including drivers, are idled across the country as Yellow Corp. shut down its US trucking operations Monday. What does the move mean for business in SW Michigan—especially small and medium businesses?See omnystudio.com/listener for privacy information.
Less-than-truckload company Yellow Corp. on July 30 shut down operations, ending a nearly 100-year history as one of the nation's largest carriers, and the company began posting notices at terminals. The statement instructed union employees to contact their representative with the Teamsters union.
Thousands of semi-trailers and 33,000 workers, including drivers, are idled across the country as Yellow Corp. shut down its US trucking operations Monday. What does the move mean for business in SW Michigan—especially small and medium businesses?See omnystudio.com/listener for privacy information.
The Yellow Corp. bankruptcy: A brutal attack on the working class / As drones strike Moscow, US approves hazard pay for troops in Ukraine / West Coast Canadian dockers on collision course with union-backed federal Liberal government after rejecting tentative agreement
Today July 28th 2023 yellowcorp officially closed its doors bankruptcy will be happening on Monday July 31st at which time if any drivers have any pay they're going to have to take it up with the Union and hopefully the union will be able to file a lawsuit so the drivers can get what pay they are deserved they didn't go give a 60-day notice so we may have some legal recourse there in this episode I state that they're closed and what my next move is --- Support this podcast: https://podcasters.spotify.com/pod/show/david-shore2/support
From rumors of bankruptcy to Driver's only delivering not shipping and picking up loads to office workers being informed that Friday will be there last day in this episode I talk about my future and more specifically what is currently going on today with the company --- Support this podcast: https://podcasters.spotify.com/pod/show/david-shore2/support
Stay up to date on news related to the furniture industry! In this episode, we cover:(00:37): "Yellow Corp's Narrow Escape: Preventing a Catastrophic Strike"(02:50): "New Leadership Team Takes Charge at Serta Simmons Bedding"(04:43): "Barenaked Ladies to Perform at Center Stage: A Must-See Concert at High Point Market!"
In this episode I talk about the current status of negotiations between Yellowcard and the Teamsters Union and how the yellow Corp executives stole the money that was supposed to go for the pension and Healthcare --- Support this podcast: https://podcasters.spotify.com/pod/show/david-shore2/support
This week's episode includes recaps of 3M's motion to approve a multibillion class settlement with municipal water authorities, Bed Bath & Beyond's sale of its BABY IP assets and Yellow Corp.'s negotiations with the teamsters union in the face of $1.3 billion in upcoming debt maturities.
The CEO of yellow Corp has filed a 137 million lawsuit against the international Brotherhood of teamsters Bernard honoring the contract that was forced down the throats of the teamsters --- Support this podcast: https://podcasters.spotify.com/pod/show/david-shore2/support
Yellow Corp tried to do a end around and tried to force the teamsters to accept a contract that would have the drivers be doing the dock work as well as loading and unloading of trailers dropping and hooking of those trailers, and doing away with dock workers --- Support this podcast: https://podcasters.spotify.com/pod/show/david-shore2/support
This is just an update on the current status of the restructuring proposal of yellow YRC right away Holland and new p e n n --- Support this podcast: https://anchor.fm/david-shore2/support
For months now I have been hearing about workers on the dock at Holland and New Penn as well as yellow and YRC possibly losing their jobs or drivers being converted over Vanessa episode I go over --- Support this podcast: https://anchor.fm/david-shore2/support
Your corpse and they're dispatch unless you have connections with people where you can kiss their asses the union stewards are not going to do anything for you case in point Jeff m a t t i f o r d if you know who this is then you also know that he is not going to do anything for you but if you bid on a job bid that they have there if you're a buddy of his you can always bump somebody even if you don't do a proxy bid and you're going to be out don't push you out 3 weeks in a row you can tell you units do it but guess what he's not going to do anything to tell you just work with central dispatch and Central dispatch isn't listening that's what this episode is all about --- Support this podcast: https://anchor.fm/david-shore2/support
Yellowcard stated that what they wanted was drivers home every day and on the weekends that drivers were going to go the same place every day it would take a trailer to a predetermined location like another terminal drop the trailer there pick up another trailer at that terminal and then head home this is farther from the truth no one knew the truth that Dock Workers would be fired or let go and that the drivers would be doing the work off the Dock Workers --- Support this podcast: https://anchor.fm/david-shore2/support
Drivers like myself are being chastised and penalized for doing their job drivers who do just the bare minimum are rewarded or drivers for working hard are yelled at drivers are losing their jobs at yellow c o r p do no fault of their own which makes Child Protection Services froth at the mouth --- Support this podcast: https://anchor.fm/david-shore2/support
Yellow Corp use a combination of yellow freight YRC or yellow roadway company Holland Freight and New Penn Trucking this company claims to be family friendly but the truth that matter is is that they don't care if you have a family or not they don't care what promise is the company made because in the end they want to work you until you die avoid this company at all costs --- Support this podcast: https://anchor.fm/david-shore2/support
President Joe Biden said that his administration, together with labor unions and companies, succeeded in averting a holiday season supply chain crisis. After his remarks on the supply chain, Biden held a virtual meeting with leaders from companies including FedEx and Yellow Corp. Fred Smith, CEO of FedEx, said: “So, the supply chain issues are not all solved, but there's a lot of effort underway to solve them and we're optimistic that people will have a good peak season.” Biden also spoke about concerns related to inflation and other challenges moving forward.
President Joe Biden said that his administration, together with labor unions and companies, succeeded in averting a holiday season supply chain crisis. After his remarks on the supply chain, Biden held a virtual meeting with leaders from companies including FedEx and Yellow Corp. Fred Smith, CEO of FedEx, said: “So, the supply chain issues are not all solved, but there's a lot of effort underway to solve them and we're optimistic that people will have a good peak season.” Biden also spoke about concerns related to inflation and other challenges moving forward.
Denny's (DENN) stock price was up around 7% today as Denny's robot server goes viral on TikTok. The full-service franchised restaurant chain has over 1,600 locations worldwide. CLARIVATE PLC (CLVT) stock price was up around 13% today. The company serves scientific research, intellectual property, and life sciences end-markets. Morgan Stanley maintains an overweight rating on the CLVT stock. Finally, George Tsilis weighs in on the Yellow Corp. (YELL) stock price which was up around 11% today. The company operates logistics and less-than-truckload networks in North America.
Meet the CEO of one of the largest transportation companies in the country and learn more about the “creators of the LTL industry” powered by five brands YRC, Reddaway, New Penn, Holland. Guests:Darren D Hawkins, CEO at Yellow Corporation (YRC, Reddaway, New Penn, Holland) Links: LinkedIn Events: https://www.linkedin.com/events/meetthedarrenhawkins-ceoofyello6820703880314163200/ https://youtu.be/GoFAmEROORY
Yellow Corp., the company formerly known as YRC Worldwide, announced a new initiative yesterday that seeks to bring up to 1,500 new truck drivers to the industry. The effort comes amid a persistent driver shortage that some economists believe has worsened during the pandemic. Yellow will offer an eight-week paid CDL training program at 12 locations. If the student is away from home during the training, Yellow will pay for travel and accommodations.