Consolidated Freightways Files Bankruptcy - WLOX.com - The News for South Mississippi

09/05/02

Consolidated Freightways Files Bankruptcy

This week 15,500 Americans found out they were jobless when Consolidated Freightways shut down their U-S operations.

A Teamsters representative says finding out you're laid off on Labor Day is like finding out your wife wants a divorce on Valentine's Day. But some say the Union is part of the reason they're laid off to begin with. They say the rest of the blame should be on the insurance companies and their outrageous rates.

Longtime trucker Dan Robertson says, "These insurance companies are the ones that are busting these big corporations. Insurance rates have more than tripled!"

Many in the freight business say soaring insurance rates are just part of the problem for big companies like Consolidated Freightways.

Carleton Kennedy of CDI-TDI Truck Driving Institute says, "They weren't able to make adjustments to their pay packages for their employees, because they were a union type company."

Trucker Art Longoria agrees. He says, "Unions keep wanting more and more money regardless if a company is going broke."

Conslidated controlled about 15-percent of the domestic trucking market in the U.S. and filed for Chapter 11 bankruptcy protection Tuesday. 

By: Rebecca Powers

  • NEWSMore>>

  • Hwy. 57 bridge may have to be replaced before it reopens

    Hwy. 57 bridge may have to be replaced before it reopens

    Tuesday, September 19 2017 11:23 AM EDT2017-09-19 15:23:01 GMT
    There appears to be a hole straight through the pavement on the roadway. (Photo source: WLOX)There appears to be a hole straight through the pavement on the roadway. (Photo source: WLOX)

    Officials with the Mississippi Department of Transportation said the damage is still being assessed, and it's possible the bridge will have to be replaced before it can reopen. 

    More >>

    Officials with the Mississippi Department of Transportation said the damage is still being assessed, and it's possible the bridge will have to be replaced before it can reopen. 

    More >>
  • All clear at St. Martin Middle School after bomb threat

    All clear at St. Martin Middle School after bomb threat

    Tuesday, September 19 2017 10:17 AM EDT2017-09-19 14:17:44 GMT
    All clear after bomb threat at St. Martin Middle SchoolAll clear after bomb threat at St. Martin Middle School
    Authorities evacuated St. Martin Middle School Tuesday morning after a bomb threat. Jackson County Sheriff Mike Ezell said a threatening note was found at the school. Ezell said deputies checked the school and found nothing.  “We feel right now it is a prank. We went through the school and believe everything is OK,” Ezell told WLOX News Now. Jackson County Schools Superintendent Dr. Barry Amacker said the situation was resolved quickly. “The school took the n...More >>
    Authorities evacuated St. Martin Middle School Tuesday morning after a bomb threat. Jackson County Sheriff Mike Ezell said a threatening note was found at the school. Ezell said deputies checked the school and found nothing.  “We feel right now it is a prank. We went through the school and believe everything is OK,” Ezell told WLOX News Now. Jackson County Schools Superintendent Dr. Barry Amacker said the situation was resolved quickly. “The school took the n...More >>
  • Hurricane Maria targets Puerto Rico, expected to turn north

    Hurricane Maria targets Puerto Rico, expected to turn north

    Tuesday, September 19 2017 8:17 AM EDT2017-09-19 12:17:35 GMT

    The monster system has ravaged the Caribbean Islands in its path, making a direct hit in Dominica on Monday night. It's on a path for another direct hit with Puerto Rico by Wednesday.

    More >>

    The monster system has ravaged the Caribbean Islands in its path, making a direct hit in Dominica on Monday night. It's on a path for another direct hit with Puerto Rico by Wednesday.

    More >>
Powered by Frankly