Yellow trucking firm lays off its 30,000 US workers as it ceases operations

‘Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,’ the Teamsters general president, Sean O’Brien, said. Photograph: Charlie Riedel/AP

The embattled US trucking company Yellow ceased operations on Sunday, and it has laid off all 30,000 of its workers.

Yellow, once one of America’s dominant shipping companies, intends to file for bankruptcy, said the Teamsters union, which represents employees of the firm. The filing would come after Yellow failed to reorganize and refinance more than a billion dollars in debt.