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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, formerly called YRC Worldwide, did not respond to a Reuters request for comment. Earlier this month, Yellow averted a strike by 22,000 Teamsters-represented workers and last week it said ...
An official bankruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt. Teamsters say trucking giant Yellow Corp. is ceasing operations, filing for ...
YRC reported a net loss of $974 million for its 2008 fiscal year. [28] In 2009 it again reported a net loss of $622 million. [29] Towards the end of 2009, YRC narrowly averted having to file for bankruptcy protection by successfully persuading its bondholders to exchange their $470 million in bond notes for roughly 94% of the company's shares. [30]
YRC Inc. changed its name to YRC Freight in 2012. [2] In 2023, Yellow files for Chapter 11 bankruptcy and shut down all operations. [ 26 ] Despite Roadway ceasing operations back in 2009, 14 years prior to the bankruptcy filing, Roadway Express was still listed as one of the affiliates in the filing.
XPO shares were down 3.8% in morning trade amid weakness in broader markets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International ...
The CEO of less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) said on July 8 that more changes lie ahead for the company following its disclosure it will close the headquarters ...
The claws are coming out already, with some industry onlookers questioning the government's rationale behind making a huge loan to less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ ...