Question $12(3$ points$)$

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Which of the following explains why the failure of Yellow in late July$/$early August $2023$ has been minimally disruptive for shippers purchasing less$-$than$-$truckload freight transportation services?

Question $12$ options:

a$)$

Yellow was a relatively small firm in the less$-$than$-$truckload sector.

b$)$

The less$-$than$-$truckload sector has been in a steep freight recession in $2023,$ with total hours worked by employees in that sector down ~$11\%$ from $2021$ highs.

c$)$

Other less$-$than$-$truckload carriers had a modest degree of excess capacity because they have decreased payrolls at a slower pace than work hours, which has resulted in a sharp decline in average hours worked per employee.

d$)$

Answers a$,$ b$,$ and c are all correct.

e$)$

Answers b and c are both correct.