Happy Tuesday! It’s December 26, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know.
a fixture of american roads for nearly 100 years is set to disappear. that s because nashville based yellow trucking s years of financial struggles have ended in bankruptcy. the company s 30,000 staff played a major role in delivering parcels for retailers such as walmart and home depot. let s speak to our north america business correspondent michelle fleury in new york. what happened 7 what happened? it s a sound and to histo . what happened? it s a sound and to history- two what happened? it s a sound and to history. two thirds what happened? it s a sound and to history. two thirds of what happened? it s a sound and to history. two thirds of their - history. two thirds of their employees belong to the union. this is a firm that essentially got done in by having too much debt but if you look at the filing when they filed for chapter 11 bankruptcy protection over the weekend, they said that the final straw in many ways was the union and tense negotiations had been going on. let m
we re more familiar perhaps with companies such as apple, such as google, meta, for example. but this is a huge, huge company that in fact, dwarfs many of the better known companies around the world. well, that s right. saudi aramco is one of the largest publicly listed companies in the world. its market value is in trillions, one of the few companies. and the reason is that it s the largest exporter of oil in the world. and saudi arabia, as a country, sits on about 16% to 17% of oil reserves in the world. so that makes saudi s a very significant market when it comes to energy and saudi aramco being the main national oil company. they are the ones who are exporting and pumping that oil. so that makes them one of the most significant companies in the world. a fixture of american roads for nearly 100 years is set to disappear. that s because nashville based yellow trucking s years of financial struggles have ended in bankruptcy. the company s 30,000 staff played