What led to its bankruptcy? Yellow was struggling even before the pandemic, losing more than $100 million in 2019. It took on a lot of debt when it acquired the trucking firms Roadway and USF in ...

Trucking giant Yellow declared bankruptcy and will shut down. The company received a $700 million loan from the federal government in 2020. Yellow had about 30,000 employees, roughly 22,000 of ...

Trucking giant Yellow declares bankruptcy after getting $700M in government loans By . Associated Press. Published Aug. 7, 2023. Updated Aug. 7, 2023, 10:35 a.m. ET. Explore More ...

Trucking giant Yellow has filed for Chapter 11 bankruptcy, marking the final chapter for the 99-year-old company felled by union clashes and ballooning debt — including a much-scrutinized $700 ...

Congressional pressure is growing on the U.S. Treasury to help salvage trucking giant Yellow from bankruptcy, from Republicans and Democrats alike, letters viewed by Reuters show.

Yellow dished out $4.6M in bonuses to its top execs weeks before declaring bankruptcy. Over half of the sum was for retention bonuses as the company contemplated liquidating.

Trucking giant Yellow shuts down on verge of bankruptcy, Teamsters say. More than 30,000 jobs are affected, including those of 22,000 union members. Updated July 31, 2023. 5 min.

Yellow, one of the oldest and biggest U.S. trucking businesses, is expected to file for bankruptcy and is in discussions to sell off all or parts of the business. Photo: CJ Gunther/Shutterstock ...

Yellow, which was lent $700 million in U.S. pandemic relief, failed after being a laggard for years in a part of the industry where rivals are doing well. By Peter Eavis Yellow, one of the largest ...

U.S. trucking giant Yellow Corp. has announced that it has declared bankruptcy following a tense standoff with the Teamsters Union and after a massive pandemic-era federal loan failed to stave off ...

Yellow, one of the oldest and biggest U.S. trucking businesses, shut down on Sunday, wrecked by a string of mergers that left it saddled with debt and stalled by a standoff with the Teamsters union.

Trucking giant Yellow is ending operations and on the verge of bankruptcy, dragged down by years of ballooning debt and a steep loss of business. The Teamsters were notified Sunday of the company ...