Yellow Corp., a 99-year-old trucking company, has announced that it will be shutting down its operations, resulting in the layoff of all 30,000 of its workers. The company, which had been in a battle with the Teamsters union over pension and health insurance plans, had recently avoided a strike but failed to reach an agreement […]
Yellow Corp Files for Bankruptcy, Leaving Workers and Customers in Limbo Facing Financial Struggles Yellow Corp, formerly known as YRC Worldwide, has announced that it is filing for bankruptcy, following its inability to reorganize and refinance over one billion dollars in debt. The trucking company, once a major player in the industry, has ceased operations, […]