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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 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers. 99-year-old trucking company 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.
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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