YELLOW Corp. Bankrupt & Kaput

Prep for the work week starts with a local connection to a FAILED and formerly great American company.

Here's part of the story . . .

Yellow, a trucking company that just three years ago took a $700 million federal pandemic loan, has reportedly shut down after laying off employees at all locations. The company is expected to file for bankruptcy as soon as Monday, according to industry experts, following a recent exodus of customers amid union strife and on top of years of financial troubles.

With 30,000 jobs at stake, it would be the largest trucking bankruptcy in the history of the U.S., experts said.

Read more via www.TonysKansasCity.com link . . .

Yellow ceases operations

Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.

Teamsters say Yellow is filing bankrucptcy

The Teamsters and Yellow have an at-times volatile relationship for going on 15 years.

The Yellow trucking company meltdown, explained

Yellow's expected bankruptcy spells the end for the freight carrier, say industry experts. Its demise stems from an exodus of customers, union strife and longstanding financial troubles.

Developing . . .