transportation:trucking
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| transportation:trucking [2025/04/16 22:53] – [JB Hunt] timb | transportation:trucking [2025/09/19 21:48] (current) – [Yellow Bankruptcy] timb | ||
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| + | == J.B. Hunt Says Most Customers ‘Waiting for the Dust to Settle’ on Tariffs == | ||
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| + | Glenn Taylor - Thu, April 17, 2025 at 5:55 AM PDT | ||
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| + | With uncertainty in global trade set to compound the struggles already endured by many logistics companies amid a nearly three-year freight recession, the pressure is on for transportation and trucking provider J.B. Hunt. | ||
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| + | As J.B. Hunt’s customers currently plan for multiple “what-if” scenarios in the wake of President Donald Trump’s spate of tariffs, “most of them are waiting for the dust to settle on their short- and long-term business strategies, | ||
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| + | == Yellow Corp. loses pension claims appeal == | ||
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| + | Todd Maiden - Wed, September 17, 2025 at 12:37 PM PDT | ||
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| + | An effort from defunct Yellow Corp. and its majority shareholder MFN Partners to overturn a ruling requiring it to pay pension withdrawal liabilities was shot down in a federal appeals court on Tuesday. | ||
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| + | The U.S. Court of Appeals for the Third Circuit ruled with a federal bankruptcy court in Delaware, saying the fact that various pension funds Yellow once contributed to received federal bailout money doesn’t absolve the former less-than-truckload carrier from liabilities tied to its abrupt shutdown and exit from those plans. | ||
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| + | Employers party to multiemployer pension plans (MEPPs) are required to pay their allocable share of unfunded vested benefits when exiting a plan. | ||
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| + | Withdrawal liability claims attached to Yellow once totaled more than $6.5 billion, roughly $4.8 billion of which were held by Central States Pension Fund. Yellow argued that the plans are now fully funded following a 2021 pension fund bailout package and that it owes little to nothing to the plans that covered roughly 22,000 of its union employees. | ||
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transportation/trucking.1744843984.txt.gz · Last modified: by timb
