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

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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.

Yellow Corp. trucks are seen at a YRC Freight terminal Friday, July 28, 2023, in Kansas City, Mo. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation.

Yellow Corp. trucks navigate the YRC Freight terminal Friday, July 28, 2023, in Kansas City, Mo. Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, Sunday, July 30, 2023, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers.

A sign for Yellow Corp. trucking company stands outside its facility Monday, July 31, 2023 in Nashville, Tenn. The Chapter 11 bankruptcy, which was filed Sunday, Aug. 6, 2023, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. Box trailers and trucks are seen at Yellow Corp. trucking facility Monday, July 31, 2023 in Nashville, Tenn. The troubled trucking company is shutting down and filing for bankruptcy, the Teamsters said Monday.

A Yellow Corp. truck pulls into a YRC Freight facility, Friday, July 28, 2023, in Richfield, Ohio. Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, Sunday, July 30, 2023, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow Corp.

 

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