Why Yellow Trucking Company Is Shutting Down

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Some 30,000 employees are out of work Monday after the Teamsters Union announced Yellow, the third largest less-than-truckload carrier in the U.S., planned to cease operation.

Yellow Corp.—the third largest less-than-truckload carrier in the U.S.—plans to file for bankruptcy, the union that represents its employees announced Monday, leaving its 30,000 employees without work and U.S. taxpayers wondering how the company can repay the hundreds of millions of dollars the company received in a pandemic era loan from the government....

Even before the agreement with the union was reached, some Yellow customers started fleeing the company, the

 

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