Search results
Results from the WOW.Com Content Network
Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles ...
The Nashville, Tennessee-based company is one of the nation's largest less-than-truckload carriers. ... Trucking firm Yellow Corp. files for bankruptcy, ceases all operations. July 31, 2023 at 5: ...
A sign informs customers and union employees that the Yellow Corp. facility lot is closed after the freight trucking company ceased all operations, in Las Vegas, Nevada, on July 31, 2023.
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 ...
On August 6, 2023, the Yellow Corporation officially announced that the company and all of its affiliates had filed for Chapter 11 bankruptcy protection in the state of Delaware. [48] Yellow Corporation's stock was delisted from the Nasdaq on August 16, 2023. [49] In November 2023, Yellow's properties were put up for auction.
The bankruptcy preparation reports arrived just days after Yellow averted a strike from the Teamsters, which represents Yellow’s 22,000 unionized workers, amid heated contract negotiations.
In December 2023, XPO received approval from a Delaware bankruptcy court to acquire 28 service centers of Yellow Corporation for $870 million as a part of Chapter 11 bankruptcy. [34] [35] The acquisition was finalized in January 2024. [36]
While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic ...