Yellow Files For Bankruptcy, Blames Union For "30,000 American Jobs lost"

Yellow Files For Bankruptcy, Blames Union For "30,000 American Jobs lost" One of the biggest bankruptcies in US trucking history occurred Sunday when the nation's third-largest less-than-truckload carrier, Yellow Corp., filed Chapter 11 in a Deleware court. The company has fallen victim to insurmountable debts, including a government loan and tense contract negotiations with the Teamsters Union. It listed assets and liabilities at $1 billion-$10 billion, with more than 100,000 creditors. "It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business," said...