Yellow is shutting down and headed for bankruptcy, the Teamsters Union says

July 31, 2023

Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of non-union employees on Friday.

In an announcement early Monday, the Teamsters said that the union received legal notice confirming Yellow was ceasing operations and filing for bankruptcy.

This is an excerpt from the 31 July 2023 edition of ABC News.

Topic(s)

Freight & Transport

Information source

International News Channel

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