The company blames much of its problems on the Teamsters trucking union's "intransigence," while the Teamsters say Yellow is delinquent on benefit payments.
Reason reported last month that with less than two years left on its loan, Yellow Corporation owed more than it originally borrowed and had repaid only $230 in principal.
After losing more than $100 million in a single year, Yellow Corporation got a $700 million pandemic assistance loan from the government. It has only paid $230 on the principal.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
Vernon Smith weighs in on Biden's budget, how government causes inflation, and why bailing out Silicon Valley Bank was a bad idea.
Plus: A listener asks the editors if the nation is indeed unraveling or if she is just one of "The Olds" now.
Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion of the Silicon Valley Bank meltdown and bailout of depositors with economist Arnold Kling.
During the pandemic, the U.S. mortgage market avoided collapse without any bailouts. Here's how.
Plus: The editors recommend the best books for sparking interest in free market principles.
The Fed's anti-inflation measures had to hurt someone.
Plus: Fox News troubles, junk statistics about illicit economies, and more...
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
Re-regulating the airline industry won’t help prevent massive service disruptions in the future.
Political criticism of Southwest's mass flight cancelations mask a cronyist relationship between government and the passenger airline industry.
Good intentions, bad results.
The proper response to one failed bailout is not another bailout of a different group.
Many conservatives no longer appear to care much for fiscal conservatism.
More airline workers and more flights—not bailouts and restrictions on mergers—is the better policy.
Plus: Don't cry for the failure of Homeland Security's disinformation board, states discover supply-side solutions to labor shortages, and more...
A new paper reveals that the state and local bailout was not only unnecessary but incredibly wasteful.
Perhaps the government shouldn't be running golf courses in the first place?
The federal bailout of state and local governments padded the paychecks of many public employees.
The Restaurant Revitalization Fund Replenishment Act would give restaurants another $42 billion in grants to cover the lingering costs of the pandemic.
Good intentions, bad results
The House passed the bill this week with little fanfare and broad bipartisan support.
As it turns out, state and local tax revenues hardly collapsed.
It must be nice to have Washington's pile of taxpayer cash on your side.
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
Nestled in the $1.9 trillion emergency spending bill passed in March was a bailout for unions' private pension funds.
What does this have to do with the pandemic? Nothing.
The measure could also make it illegal for states to create new tax credit programs, such as those used for expanding school choice.
The Senate is preparing to pass a $1.9 trillion COVID-19 relief bill that has very little to do with the pandemic, and we all know it. Congress should admit as much.
Airlines keep claiming they need a second bailout to bring back 35,000 furloughed employees. Don't buy their argument.
D.C.'s public transit agency has already received close to $1 billion in federal coronavirus relief funds.
The grants and loans Congress has approved for the airline industry aren't about saving jobs.
House Democrats are working to extend another round of emergency aid to airlines in a stand-alone bill after the passage of a larger coronavirus relief package stalled in the Senate.
Trump's farm bailouts have cost taxpayers more than $28 billion already, and he just announced another $14 billion in payments as part of his reelection pitch to farm-heavy states.
Passenger airlines are demanding another $25 billion in taxpayer support to prevent mass layoffs.
The federal government has already made $32 billion available to distressed airlines. The industry wants another $25 billion.
The postal service stands to lose $13 billion this year. But this is an ongoing trend, not a new problem created by the coronavirus pandemic.
There is no state that will weather the COVID-19 pandemic without making difficult decisions. But the revenue hit will be less severe in places that were being thrifty and vigilant.
So long as governments view lockdowns as their primary tool for combating COVID-19, they are in effect sentencing bars and other shuttered businesses to a likely death.
A program designed to keep workers on payrolls showered benefits on lobbyists, advocacy groups, and even members of Congress.
The USPS has lost $78 billion since 2007, but could lose as much as $13 billion this year as the pandemic has crushed mail volume.
Lawmakers who voted for the $50 billion bailout of the airline industry are just shocked at these companies' behavior.
The CARES Act gives the federal government the power to take large ownership stakes in the airlines and dictate much of their operations.
