Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt. It marks a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy filed Sunday arrives just three years after Yellow received $700 million in pandemic-era loans from the federal government. But the company was in financial trouble long before that. Industry analysts have pointed to poor management and strategic decisions dating back decades. Experts say former Yellow customers and shippers will face higher prices as they take their business to competitors, including FedEx or ABF Freight. Yellow historically offered the cheapest price points in the industry.