NEW YORK--The fate of U.S. trucking company Yellow Corp. isn't looking good. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation.... But industry experts suspect that a bankruptcy filing could come any day now.... People familiar with the matter told The Wall Street Journal that the company could seek bankruptcy protection as soon as this week — with some noting that a significan

Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government, ” Teamsters general president Sean O’Brien said in a statement.... In a statement, a company official said the Teamsters “ refused to negotiate for nine months ” and accused the union of trying to “ destroy ” Yellow.... Here’s what you need to know. WHAT WOULD BANKRUPTCY MEAN FOR YELLOW?...

But low product inventories, and port and supply chain disruptions are creating new uncertainty about getting gifts delivered. Already, workers are seeing a surge in holiday packages that began several weeks ago.“ A lot of the workers are saying, ‘Oh no.... Also, more than 50 package systems capable of sorting large packages are expected to be deployed before December.... Combined, these expand capacity by an additional 4.5 million packages per day, officials said. UPS, for its part, is hiring

Troubled trucking company Yellow Corp.is shutting down andheaded for a bankruptcy, the Teamsters said Monday.An official bankruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt.... Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide. Advertisement “ Today’s news is unfortunate but not surprising.... “ This is a sad day for workers and the American freight industry.” Yellow did not hav

NEW YORK--Troubled trucking company Yellow Corp.is shutting down and headed for a bankruptcy, the Teamsters said Monday.An official bankruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt.... The closure of the 99-year-old Nashville, Tennessee-based company risks a loss of 30, 000 jobs.... The company’s collapse arrives just three years after Yellow, formerly known as YRC Worldwide Inc., received$ 700 million in pandemic-era loans from the federal