Major trucking company offers $1.5billion to take over bankrupt rival but 30,000 jobs will still be lost ...Middle East

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THE RACE has begun to bid on a billion-dollar bankruptcy, and a rival trucking company has placed itself as the one to beat for the takeover. But there are significantly more losers than winners, as thousands of jobs will be lost in the process. A trucking bankruptcy will see 30,000 jobs lostGETTY In August, Yellow Corp, a nearly 100-year-old trucking company, filed for Chapter 11 bankruptcy protection. It might be the largest bankruptcy recorded for a trucking firm. A staggering 30,000 workers were left looking for employment. Rival company Estes Express submitted a revised stalking horse bid worth $1.525billion in cash for the bankrupt shipment centers, according to a ba

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