Monday, December 09, 2013

Real World Economics

So you want more money?

...Atlantic Express Transportation Corp. and its unionized drivers were unable to reach a new contract agreement on Wednesday, and as a result, the more than 40-year-old bus operator on Staten Island said it will be shut down.

The Port Richmond-based Atlantic Express Transportation Corp. filed for Chapter 11 bankruptcy on Nov. 5. The company, which has operations in New York, as well as various other states, sent letters to its 5,500 employees last month stating that there will be a “complete shutdown of its operations,” come Dec quoted at RedState.

Transit workers' union won that one, eh?

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