Yellow CEO Blames Teamsters 'Bullying' as Trucking Giant Files for Bankruptcy
The once-mighty force in road-borne freight plans to liquidate with Amazon hoping to collect the $2 million it's owed.
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The once-mighty force in road-borne freight plans to liquidate with Amazon hoping to collect the $2 million it's owed.
Yellow Corp. is officially closing, declaring bankruptcy and expecting its stock to soon be delisted from the Nasdaq composite.
Less-than-truckload motor carrier Yellow has filed for Chapter 11 bankruptcy a week after shutting down operations, blaming the Teamsters.
Yellow Corp. filed for Chapter 11 bankruptcy on Sunday, one year before celebrating its centennial. The trucking company employed 30,000 workers.
With $1.3 billion in debt and facing a standoff against labour union Teamsters, trucking company Yellow filed for bankruptcy.