Yellow Kaput Despite EPIC COVID Cash

Followup on recent trucking company troubles and more of that pandemic "free money" vanishing into thin air . . . And/or assigned to the national debt.:

"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. While a Chapter 11 filing is used to restructure debt while operations continue, Yellow, like other trucking companies in recent years, will liquidate and the U.S. will join other creditors unlikely to recover funds extended to the company. "

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

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

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt.