US trucking firm Yellow shuts ops, to file for bankruptcy – Teamsters
(Reuters) -Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday. Yellow, formerly called YRC Worldwide, did not respond to a Reuters request for comment. Earlier this month, Yellow averted a strike by …
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