The Yellow trucking company meltdown, explained

https://www.npr.org/2023/07/30/ [login to see] /yellow-trucking-shutdown-explained
It's the end of the road for one of the nation's largest freight carriers.

Yellow, a trucking company that just three years ago took a $700 million federal pandemic loan, is shutting down, according to the Teamsters union, which represents the company's 22,000 unionized workers.

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's poised to be the largest trucking bankruptcy in the history of the U.S., experts said. The company, formerly known as YRC Worldwide, is the third largest less-than-truckload carrier by revenue, behind FedEx and Old Dominion. LTL companies move pallet-sized shipments — smaller than a container, but bigger than a parcel.

Yellow has not publicly announced any plans for bankruptcy or a potential shutdown.