America just lost as much as 15% of its small-batch trucking capacity — and consumers are likely to feel the effects via higher prices as the holiday season rolls around. On Monday, Yellow, a 100-year-old carrier that built its business on combining multiple smaller shipments into a single truckload, filed for bankruptcy. The company had… Continue reading Price hikes loom for consumers with the loss of Yellow trucking
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Trucking giant Yellow declares bankruptcy after years of financial struggles
NEW YORK — Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. But the company… Continue reading Trucking giant Yellow declares bankruptcy after years of financial struggles