The problem is that having a union workforce vs. non-union competition is not a winning strategy.  Having said that, it is in the best interest of all shippers that they stay afloat.  If YRS fails, rates will substantially increase!

 

Similarly, oil prices will increase if many smaller US oil producers go out of business.  Bloomberg reports:  Nearly 1/3 of US shale producers are technically insolvent w/crude at $35/barrel.  Oil is currently ~$40.