Yellow Halts Pickups Nationwide, Leaked Memo Reveals

Yellow, the freight shipping company, is reportedly limiting pickup operations nationwide. The decision follows a significant drop in shipments due to the threat of a strike. In an internal memo leaked to FreightWaves, the company said that it is focusing on delivering existing shipments and ongoing communication with employees amid union discussions. Employees revealed that Yellow ceased pickups in the Northeast, Ohio, California, and Texas.

Customers have been pulling their freight from Yellow amidst bankruptcy fears. Yellow has been financially struggling since the Great Recession, and according to a Morgan Stanley survey, 97% of shippers working with Yellow are considering shifting to other companies.

Source: FreightWaves