![](https://i.imgur.com/CLvY2jA.png")
18-08-2023, 04:01 PM
Mon 7 Aug 2023 14.21 BST
US trucking firm Yellow Corp filed for chapter 11 bankruptcy protection on Sunday and said it would wind down, after struggling with a mounting debt load and following tense contract negotiations with the Teamsters Union.
The nearly 100-year-old company’s bankruptcy filing in a Delaware court estimated assets and liabilities of $1bn to $10bn, with more than 100,000 creditors.
......
The collapse of Yellow, formerly called YRC Worldwide, puts about 30,000 workers at risk when the freight industry is already grappling with a slump in volumes.
https://www.theguardian.com/us-news/2023...bankruptcy
US trucking firm Yellow Corp filed for chapter 11 bankruptcy protection on Sunday and said it would wind down, after struggling with a mounting debt load and following tense contract negotiations with the Teamsters Union.
The nearly 100-year-old company’s bankruptcy filing in a Delaware court estimated assets and liabilities of $1bn to $10bn, with more than 100,000 creditors.
......
The collapse of Yellow, formerly called YRC Worldwide, puts about 30,000 workers at risk when the freight industry is already grappling with a slump in volumes.
https://www.theguardian.com/us-news/2023...bankruptcy
