This is CBS I on the World.

Here's John Bachelor.

This is CBS I on the World. I'm John Bachelor. The American economy, the Pennsylvania economy,

Western Pennsylvania economy, it comes down to watching what people are buying or not because the American economy is driven

by the consumer. We're recovering from the pandemic. We're recovering from the perhaps over generous government checks. We're recovering in

general from what has been a bumpy ride through two wars so far. I welcome Salina Zito of the Pittsburgh Post Gazette, the Washington Examiner, the New York

Post watching two freight companies to measure the economy. One is now in chapter 11. Another has disappeared.

Selina a very good evening to you. You're speaking with truckers, people who understand trucking and the

romance of it and the costs of it. And right now we're talking about two companies

that have disappeared entirely.

Yellow, trucking, and convoy.

Where did they go, Salina?

What happened?

They were rosy, 30,000 truckers working for yellow. Good evening to you.

Good evening, thanks so much for having me on. You know, yellow freight, and it was always ironic because

their trucks weren't painted yellow, they were painted orange.

It was the oldest trucking company in the United States, began in Oklahoma, well over hundred years ago. And it is the victim of spending too much money during the outbreak of COVID and then not having the freight to carry as that sort of great spending period that Americans

participated in for well over two years, almost three years into 2023.

And so these trucks did not have any loads on them.

And there's not any loads on them, you's not any loads on them you're not making money. Now

yellow freight was a little bit different than most freight carriers. It is

it was a union company, it was the Teamsters, but in August, 30,000 men and women lost

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