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The Independent UK
The Independent UK
National
Wyatte Grantham-Philips

Trucking company Yellow Corp. is reportedly preparing for bankruptcy. Here's what you need to know

Copyright 2023 The Associated Press. All rights reserved.

The fate of U.S. trucking company Yellow Corp. isn't looking good.

After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time.

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