Large Trucking Company Reportedly Shutting Down After 99 Years, Costing Up To 30,000 Jobs

Yellow, a trucking company that has been around for 99 years, will be filing for bankruptcy — costing up to 30,000 jobs, according to the company’s union. The trucking company, which was founded in 1924 in Oklahoma, has struggled with debt in recent years, taking about $700 million in loans from the federal government during the COVID pandemic. “Today’s news is unfortunate but not surprising. 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...