Customers and employees of Consolidated Freightways, the big trucking company that shut down on Monday, spent yesterday trying to determine what happens next.
Hundreds of thousands of shipments are stuck at terminals, and more than 15,000 members of the Teamsters union lost their jobs overnight. Consolidated's competitors may take over some of its shipments and hire some of the workers, but the changeover promises to be tedious.
Though Wall Street analysts said they had predicted Consolidated's troubles, the company's customers had no warning of its sudden decision to declare bankruptcy and freeze its operations.
http://www.nytimes.com/2002/09/04/b...nder-what-next.html?pagewanted=1?pagewanted=1
Hundreds of thousands of shipments are stuck at terminals, and more than 15,000 members of the Teamsters union lost their jobs overnight. Consolidated's competitors may take over some of its shipments and hire some of the workers, but the changeover promises to be tedious.
Though Wall Street analysts said they had predicted Consolidated's troubles, the company's customers had no warning of its sudden decision to declare bankruptcy and freeze its operations.
http://www.nytimes.com/2002/09/04/b...nder-what-next.html?pagewanted=1?pagewanted=1