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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Why Yellow Trucking Company Is Shutting DownSome 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.
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99-year-old trucking company Yellow shuts down, putting 30,000 out of work'This is a sad day for workers and the American freight industry,' said Teamsters President Sean O'Brien as the union has been in a battle with the company.
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