What happens after the collapse of a 99-year-old trucking company?

📆 10-08-23 16:00:00
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Yellow blamed the Teamsters union for its demise, though outside analysts pointed to years of longstanding problems as important factors.

A trailer sits at a Yellow Trucking Company facility in South Bend on Tuesday. The Teamsters Union says Yellow Trucking is filing for bankruptcy.

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Trucking company files for bankruptcy after receiving $700 million in taxpayer dollarsYellow Corp, a major U.S. trucking company, has declared bankruptcy after receiving $700 million in taxpayer funds during the pandemic. The company's bankruptcy filing has cost 30,000 jobs and is expected to lead to increased prices on various goods. The company cited recent union negotiations as a major factor in its financial struggles.
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