New York —
But by midweek last week, the company had stopped picking up freight from its customers and was making deliveries only of freight already in its system, according to both the union and Satish Jindel, a trucking industry consultant. Yellow’s stock lost 82% of its value between the time of that loan and Thursday close after reports of the bankruptcy plans, closing at only 57 cents a share. It bumped up 14 cents a share on Friday, but still remained a so-called penny stock.during the pandemic, despite the fact that at the time it was facing charges of defrauding the government by overbilling on shipments of items for the US military.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US trucking company Yellow shuts down operations -WSJYellow , one of the oldest and biggest U.S. trucking businesses, shut down on Sunday, the Wall Street Journal reported.
Fuente: Reuters - 🏆 2. / 97 Leer más »
99-year old trucking company Yellow shuts down, putting 30,000 out of workThe closing is bad news not only for its employees and its customers, who generally used Yellow because it offered some of the cheapest rates in the trucking sector, but also for US taxpayers.
Fuente: mercnews - 🏆 88. / 68 Leer más »
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.
Fuente: ABC7NY - 🏆 592. / 51 Leer más »
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.
Fuente: abc7newsbayarea - 🏆 529. / 51 Leer más »