Yellow contends that its existence hinges on the trucking company's "One Yellow" modernization plan, including addressing the looming maturation of $1.3 billion in debt next year. But a lawsuit filed Tuesday in federal court claims that the Teamsters union is breaching its contract by standing in the way of the effort, costing the company $137 million in forgone savings and additional revenue One Yellow would have generated.Yellow lawsuit accuses Teamsters of blocking restructuring plan, causing $137M in damages
Yellow contends that its existence hinges on the trucking company's "One Yellow" modernization plan, including addressing the looming maturation of $1.3 billion in debt next year. But a lawsuit filed Tuesday in federal court claims that the Teamsters union is breaching its contract by standing in the way of the effort, costing the company $137 million in forgone savings and additional revenue One Yellow would have generated.