Less-than-truckload carrier Yellow Corp. has filed for bankruptcy, putting to end the 99-year-old trucking firm.
In its Chapter 11 filing in a Delaware court Sunday, the company estimated its assets and liabilities at $1 billion-$10 billion.
“It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business,” said Yellow CEO Darren Hawkins in a statement Sunday. “Today, it is not common for someone to work at one company for 20, 30, or even 40 years,...
https://www.freightwaves.com/news/yellow-files-for-bankruptcy