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Business Wars Daily

Yellow’s Downfall Spells Opportunity for Freight Companies

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 7 August 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Monday, August 7, and we're looking at FedEx vs. Old Dominion Freight Line.

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Transcript

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0:00.0

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0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

How do I cope with waiting for results?

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It's all I can think about.

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0:19.5

We know what goes through your head when you're living with

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cancer. The questions, the anxieties. We understand because we've been there too. If you or

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someone you care about has been diagnosed with cancer, McMillan Cancer supports online community

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can help from day one. It's a free, safe, online forum for people with cancer to connect anonymously.

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0:46.3

Whatever you need to ask, we're here. To join, search McMillan online community.

1:05.6

Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this August 7th.

1:10.4

Happy Monday, everyone.

1:11.9

Today, a beleaguered trucking business, 30,000 jobs at stake, and a $5 billion hole that rival companies are hoping to fill.

1:20.9

Last week, freight company Yellow, ceased operations and announced it was planning to file for bankruptcy.

1:27.0

Yellow, which had been operating

1:28.3

for almost a century, is what's called a less-than-truckload shipping company. That's essentially

1:33.7

just what it sounds like. It ships items that are too big for standard parcel services, but

1:38.0

aren't quite big enough to fill a shipping container on an 18-wheeler. A slate of major companies

1:43.2

rely heavily on LTL shipping, and when it was

...

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