Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles ...Middle East

Sentinel-Tribune - News
Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles
NEW YORK (AP) — Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. While a Chapter 11 filing is used to restructure debt while operations continue, Yellow, like other trucking companies in recent years, will liquidate and the U.S. will join other creditors unlikely to recover funds extended to the company. Yellow fell into severe financial stress after a long stretch of poor management and s

Hence then, the article about trucking giant yellow corp declares bankruptcy after years of financial struggles was published today ( ) and is available on Sentinel-Tribune ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News