Yellow Freight Faces Layoffs and Bankruptcy in Kansas City
Yellow Freight, one of the largest trucking firms in the US, is reportedly preparing to file for bankruptcy protection, resulting in the loss of jobs for at least 22,000 employees nationwide. The company, which recently moved its headquarters from Overland Park to Nashville, has begun laying off employees in the Kansas City area. The layoffs come after contract negotiations between Yellow and the International Brotherhood of Teamsters broke down, leading some customers to choose alternative freight options. Reports suggest that Yellow failed to pay for employee healthcare benefits and was not planning to do so in the coming months.