US trucking giant Yellow shutting down operations amid standoff with Teamsters union
Headline from FOX 29 Philadelphia
The end of the road comes after the company earlier this month averted a strike by some 22,000 Teamsters-represented workers, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals.
FOX 29 Philadelphia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
NEW YORK (AP) — Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple
Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports
Troubled trucking company Yellow Corp. is shutting down and filing for bankruptcy, the Teamsters said Monday. An official backruptcy filing is expected any day for Yellow, after years of financial
Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers.
NEW YORK — Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, 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 t…
The end of the road comes after the company earlier this month averted a strike by some 22,000 Teamsters-represented workers, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals.
"This is a sad day for workers and the American freight industry," said Teamsters President Sean O'Brien as the union has been in a battle with the company.
“Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding,” Teamsters general president Sean O’Brien said.
NEW YORK (CNN) — Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers. The unionized company has been in a battle with the Teamsters Union, which represents about 22,000 drivers and dock workers…
The Teamsters Union announced on Monday that it received legal notice that the trucking company Yellow Corp. has filed for bankruptcy and stop operations.
Some 30,000 employees are out of work Monday after the Teamsters Union announced Yellow, the third largest less-than-truckload carrier in the U.S., planned to cease operation.
Yellow’s shares nearly doubled at 2:50 p.m. in a volatile trading session, giving it a market value of about $72 million, with revenue last year of $5.2 billion.
(Reuters) -Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance
Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports.
