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YRCW / US trucking firm Yellow ceases operations, files for bankruptcy

US trucking firm Yellow ceases operations, files for bankruptcy
US trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Wall Street Journal (WSJ) has reported, citing a statement from the Teamsters union. Earlier this month Yellow, formerly called YRC Worldwide, averted a threatened strike by 22,000 Teamsters-represented workers and last week it said it was exploring opportunities to divest its third-party logistics company. Read More
Posted: Jul 31 2023, 03:43
Author Name: Proactive Investors
Views: 110188

YRCW News  

US trucking firm Yellow ceases operations, files for bankruptcy

By Proactive Investors
July 31, 2023

US trucking firm Yellow ceases operations, files for bankruptcy

US trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in more_horizontal


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