Yellow Corporation Closed
Logistics and less-than-truckload (LTL) provider, Yellow Corporation, is ceasing operations.
FreightWaves reported last week that employees were told to expect the filing Monday. Yellow laid off an unknown number of employees Friday, the outlet later reported, citing a memo that stated the company was “shutting down its regular operations.”
A Teamsters Union press release stated that the union has been served legal notice on Sunday that Yellow Corp. is ceasing operations and filing for bankruptcy.
Yellow, formerly known as YRC Worldwide Inc., is one of the nation’s largest less-than-truckload carriers. The Nashville, Tennessee-based company has approximately 30,000 employees across the country.