Yellow Corp Braces for Bankruptcy

Yellow Corporation, the third-largest LTL company in the US, seems to be on the brink of bankruptcy, as indicated by the company's SVP of sales during a video call with staff. It was communicated that the company planned to file bankruptcy on Monday and that Friday would be the last day for sales staff. Although the company backtracked on the bankruptcy statement later, the initial announcement sent shockwaves through the company's workforce of 30,000.

The flip-flopping narrative has created a cloud of uncertainty over the trucking company's fate, raising questions about its financial stability and future course of action. Such a bankruptcy could significantly impact the logistics and transportation sectors.

Source: FreightWaves