Holland was failing before yellow bought them, the other companies were Roadway, New penn And Reimer all owned by Roadway and made money before yellow bought them none were failing companies new penn and reimer actually operated in the low 80’s then. The take overs by yellow hit hard times because of the timing of taking on debt when a recession hit while fed ex and UPS decided to jump into the market.
There’s no recession now. The only comparison that can be made with the two companies is taking on to much debt to achieve growth. We have seen it over and over.
If you recall when Jacobs took over his big plan was to take on all the Amazon work. Amazon don’t pay, as trucking companies are now starting to realize the volume a trucking company gets from cheap Amazon freight is a killer, Amazon will be put into a position where they are forced to pay more to move their freight or do a lot more of their own trucking.