The Yellow Corp Legacy Ends with Bankruptcy and Job Losses

Trucker's LoungeBehind the Wheel
Written By Jennifer Joslyn

🧑🏽‍💼 The Yellow Corp Legacy Ends with Bankruptcy and Job Losses.

Yellow Corp., a prominent US trucking company with a history of nearly 100 years, has filed for bankruptcy, leading to the closure of its business and leaving 30,000 employees without jobs. The Nashville-based logistics provider cited profound disappointment as it took this step. The company disclosed a list of creditors, including Amazon, Home Depot, and Goodyear Tire & Rubber Company, among others. The filing came after the company halted operations and faced financial struggles, unaffordable debt, and labor union disputes. Despite being a dominant carrier in the past, Yellow's market share had decreased, and a slowdown in freight and changing consumer spending patterns further added to its troubles.

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Jennifer Joslyn
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