Debt-ridden trucking giant Yellow reportedly shuts down
Yellow Corp., one of the largest trucking companies in the country, shut down Sunday as it prepares to file for bankruptcy, the Wall Street Journal reported.
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Yellow Corp., one of the largest trucking companies in the country, shut down Sunday as it prepares to file for bankruptcy, the Wall Street Journal reported.
The 99-year-old company with 22,000 Teamsters drivers and a government loan nears bankruptcy
The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing
If Yellow files for bankruptcy and customers continue to take their shipments to other carriers, like FedEx or ABF Freight, prices will go up.
The debt-laden freight carrier dismissed parts of its sales force, business staff and IT workers as it prepares a bankruptcy filing