After nearly 100 years in operation, U.S. trucking giant Yellow Corp is shutting down operations.
The company sent notices to customers and employers, according to a report from The Wall Street Journal.
The end of the road comes after the company earlier this month averted a strike by some 22,000 Teamsters-represented workers, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals.
Then on Thursday, the company said it was exploring opportunities to divest its third-party logistics company Yellow Logistics Inc, and was engaged with multiple interested parties.
Source:
Fox Business