If XPO has debt of $3.5 billion?? They operate in the 80's thus paying that off is no big issue.
Obviously XPO does exactly what Yellow was unable to do, generate profits PRIOR to paying off any debt.
You could be correct in stating that many of these companies may/may not have consolidated. No one knows that answer.
More importantly almost no union carriers remain save ABF and T Force and see consolidation in their future.
Back in the glory days of teamster LTL we were constantly reminded that teamster jobs bring Job Security?????
For your sake I hope you do ride ABF until the wheel fall off....