Yellow Trucking has filed for chapter 11 bankruptcy and will wind down its operations in the coming months, the company announced Monday. Yellow, a nearly 100-year-old company, was struggling to remain afloat amid mounting debt and a bitter struggle with unionized workers. Its bankruptcy filing ...
Yellow, a nearly 100-year-old trucking company that received a $700 million bailout during the pandemic, has filed for bankruptcy amid fruitless union negotiations and over $1 billion in debt. The Chapter 11 protection, filed in U.S. Bankruptcy Court in Delaware on Sunday, comes a week ...
u.s. trucking firm yellow is preparing to file for bankruptcy, the wall street journal reported on wednesday, as customers abandon the company amid a cash crunch and union negotiations. the company could seek bankruptcy court protection as soon as this week, though no decision has been made, ...
Yellow’s management sought to save the company by combining its different trucking units, which mostly have operated separately since the acquisitions, a plan that would have increased efficiency. To implement the plan, Hawkins needed the union to sign off on the changes. The two si...