Why Yellow Trucking Company Is Shutting Down

  • 📰 Forbes
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: Forbes - 🏆 394. / 53 Read more »

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.
Source: Reuters - 🏆 2. / 97 Read more »

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.
Source: mercnews - 🏆 88. / 68 Read more »

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.
Source: ABC7NY - 🏆 592. / 51 Read more »

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.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

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.
Source: ABC7Chicago - 🏆 284. / 63 Read more »