The bankruptcy also came amida freight recessionwhich has pressured the business models for many players in the trucking space and led to multiple rounds of layoffs and failures. “No one is missing Yellow,” Vieth said. “They went out of business at the bottom of a freight cycle when...
IBT General President Sean O’Brien unsurprisingly saw things differently. When the news of bankruptcy broke, he stated: “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...
"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 indust...
SurfaceTrucking NewsLTL William B. Cassidy, Senior Editor | Jul 31, 2023, 11:09 AM EDT printmail Trucking company Yellow survived several brushes with bankruptcy in the past two decades but could not pull through its latest crisis. The 99-year-old less-than-truckload (LTL) carrier, which ...
Biggest stock movers today: Tyson Food, Sovos Brands, Yellow Corporation and moreSA NewsMon, Aug. 07, 20231 Comment Debt-laden Yellow Corp files for bankruptcy after prolonged labor rowSA NewsMon, Aug. 07, 202338 Comments Yellow Corp. rallies on reports of Apollo loanSA NewsTue, Aug. 01,...
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing. The post Yellow searching for better bankruptcy financing terms appeared first on FreightWaves . APO:173.00(+0.38%) YELL:1.1000(-29.03%)