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are paying a premium because they need the drivers, so they’re paying a lot of money just to keep what they have and incentivize new drivers to come work for them,” Burlingame said.
Rising fuel costs and falling freight rates have reshaped the trucking industry, and Yellow’s departure has impacted truckers, investors, and officials alike. The proposed billion-dollar bid from investors could potentially rescue Yellow and breathe new life into the iconic freight company, but the fight is far from over. As debates continue among industry experts and lawmakers, the future of Yellow and its 30,000 jobs remains uncertain.