Trucking Company Yellow Filing for Bankruptcy Amid Union Standoff and $1.3B Debt
Strapped for cash and facing a strike, the trucking company Yellow (YELL) is closing its operations and filing for bankruptcy, said the Teamsters Union in a press release. The third-largest less-than-truckload (LTL) carrier and fifth-largest transportation company in the U.S. faced massive debt…
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