The plan would put Yellow back on the road with thousands of unionized drivers, but would force the government to wait longer for a loan repayment.
Tag: YRC Worldwide Inc
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Trucking Giant Yellow Is Bankrupt, and Finger-Pointing Begins
Yellow, which received billions in federal pandemic aid, failed after being a laggard for years in a part of the industry where rivals are doing well.
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After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
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Yellow Trucking Company May Be Headed Toward Bankruptcy
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash.