Yellow Freight and an economy on the margin
Posted By: DVC, 8/1/2023 11:20:43 AM
By John F. Di Leo Yellow Freight, a massive, almost century-old LTL carrier, has gone out of business, and the “spin” of the business world will likely rival the spin of the political world in covering this news. [snip]Approximately 30,000 people are now unemployed, who had a job last week. That’s 30,000 experienced people - truck drivers, dock workers, mechanics, bookkeepers, sales reps, IT experts, customer service reps, and other employees in all levels of management and back-office clerical services. They will now be competing with the millions of other jobseekers already in the marketplace. Hopefully they will find something better; they could hardly do worse.
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If so, it would add to the mounting number of deaths city officials blame on malfunctioning e-bike batteries.
With some 65,000 e-bikes zipping through its streets, New York City is the epicenter of battery-related fires. There have been more than 100 such blazes so far this year, resulting in at least 14 deaths, already more than double the six fatalities last year.
Okay, so let me get this straight regarding the “quirks” of electric vehicles. If you’re fleeing a natural disaster, like a hurricane for instance, the nature of the design might impede efficient and safe evacuation; or they might simply explode, because exposure to salt water can link the positive and negative battery terminals, causing a short circuit. Well, if they’re just sitting there too I guess, there’s still a heightened risk of spontaneous explosion with a long-burning, extra-hot, inextinguishable fire. They don’t really work in “cold” weather, and now, according to new data, “excessive heat can greatly diminish electric vehicle range” too?
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4 replies
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The Problem with Modelling
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The book, The Plague of Models: How Computer Modeling Corrupted Environmental, Health, and Safety Regulations by Kenneth Green, is banned by Amazon. [snip] The book is available at Barnes and Noble.
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Will Chevron finally run out of gas?
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The Chevron doctrine is a rule adopted by the Supreme Court in 1984. It says that when the language of a statute is ambiguous, a court must defer to the regulatory agency's interpretation and may not substitute its own judgment.
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In New Jersey, they stay in the dark.
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Here's what the Associated Press reported:
TRENTON, New Jersey -- Lt. Gov. Sheila Oliver, who rose to become one of New Jersey's most prominent Black leaders and passionately advocated for revitalizing cities and against gun violence, died Tuesday after a sudden illness. She was 71.
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Yellow Freight and an economy on the margin
18 replies
By John F. Di Leo
Yellow Freight, a massive, almost century-old LTL carrier, has gone out of business, and the “spin” of the business world will likely rival the spin of the political world in covering this news. [snip]Approximately 30,000 people are now unemployed, who had a job last week. That’s 30,000 experienced people - truck drivers, dock workers, mechanics, bookkeepers, sales reps, IT experts, customer service reps, and other employees in all levels of management and back-office clerical services.
They will now be competing with the millions of other jobseekers already in the marketplace. Hopefully they will find something better; they could hardly do worse.
Two news stories broke yesterday that seem entirely different superficially but that are, in fact, closely related. The first involves John Kerry. The second is the sad death of “vegan influencer” Zhanna Samsonova.
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Comments:
The government bleeds all companies with a huge, oppressive tax burden. And many companies just crumble under the crushing load, which literally bleeds away the money they make. The massive increase of diesel fuel cost has to be a major factor in crushing this company. How many more will crumble, crushed by the ever increasing tax burden of the Central Planners.
Yellow is headquartered in KC, and we'll see a lot of economic impact from this in our area, but it will be spread around, too. They had terminals everywhere.