"Yellow Trucking: Massive Shutdown Leaves 30,000 Jobs at Risk"
TL;DR Summary
U.S. trucking company Yellow has ceased all operations and is reportedly preparing to file for bankruptcy, according to notices sent to customers and employees. The Nashville-based company had recently averted a strike by paying off worker benefits and pension accruals, but has now shut down and laid off a significant number of workers. Yellow is also exploring options to divest its third-party logistics company, Yellow Logistics Inc.
- US trucking company Yellow shuts down operations, Wall Street Journal reports Reuters
- Yellow to face 'complete shutdown' in coming days, Teamsters warn in letter KSDK News
- Yellow ceases operations Yahoo Finance
- Yellow trucking could shutter within days leaving trucking firm's 30,000 workers out of a job Daily Mail
- US trucking firm 'Yellow' shut down Sunday. 30,000 jobs at risk. ForexLive
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