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On Sunday, a pension fund agreed to extend health benefits for workers at two Yellow Corp. operating companies, averting a strike — and giving Yellow “30 days to pay its bills,” notably $50 ...
Yellow Corp., one of the largest freight companies in the U.S., said it was closing operations and filing for bankruptcy on Monday.
The company remained small until 1952, when an ownership group led by George E. Powell Sr. bought the freight company. During this time, Yellow helped pioneer the concept of consolidating small freight shipments into trailer loads. In 1968, the company name was changed from Yellow Transit Freight Lines to Yellow Freight System Inc.
Yellow Corp., a once-dominant US trucking company, has filed for bankruptcy as it winds down its 99-year-old business that employs 30,000 workers. 30,000 workers bid goodbye to 99-year-old Yellow ...
Roadway Express, Inc. was an American less than truckload (LTL) trucking company. Roadway Express and its holding company, Roadway Corporation, were acquired by logistics holding company Yellow Corporation in 2003, and the parent companies were merged to form Yellow Roadway Corporation, later renamed YRC Worldwide.
This page was last edited on 28 August 2021, at 21:52 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
Bankruptcy court documents from Dec. 4 don't break down individual purchases, but they show Estes paid about $249 million for 24 former Yellow properties, including the Copley and Richfield sites.
The acquisition cost Yellow US$1.1 billion and made Reimer Express a subsidiary of the newly formed parent company, Yellow Roadway Corp. [20] In 2006, Yellow Roadway changed its name to YRC Worldwide [21] and in 2009, Yellow Canada's operations were merged into Reimer which was renamed YRC Reimer.
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