USA YELLOW TRUCKING BANKRUPTCY

Yellow Corp trucks and trailers

epa10778989 An image taken with drone shows Yellow Corp., YELL (NASDAQ), trailers sitting idle outside a YRC shipping facility in Bedford, New Hampshire, USA, 31 July 2023. According to the Teamsters Union, the 99-year-old trucking company Yellow, has ceased operations, and is filing for bankruptcy, leaving 30,000 drivers out of work. 'Today?s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government. This is a sad day for workers and the American freight industry,' said Teamsters General President Sean M. O?Brien. EPA/CJ GUNTHER

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