Iconic ‘Yellow Corp.’ Trucking Files for Bankruptcy, Blames Union for Downfall

The Epoch Times

U.S. trucking firm Yellow Corp. filed for Chapter 11 bankruptcy protection on Sunday after the company buckled under pressure from a mounting debt load as well as a standoff with employee union.

“It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business,” said Yellow’s Chief Executive Officer, Darren Hawkins in an Aug. 6 press release. “Today, it is not common for someone to work at one company for 20, 30, or even 40 years, yet many at Yellow did. For generations, Yellow provided hundreds of thousands of Americans with solid, good-paying jobs and fulfilling careers.”

The Nashville, Tennessee-based nearly 100-year-old company’s bankruptcy filing puts about 30,000 workers at risk at a time when the freight industry is already grappling with slumping volumes.

READ THE FULL STORY

More Breaking News

Latest News

Bar Complaint Filed Against Liz Cheney for Communicating with J6 Witness Represented by an Attorney

Dec 4, 20246 min read

Representing Donald Trump’s former head ethics deputy counsel Stefan Passantino, America First Legal (AFL) filed a bar complaint recently against former Rep. Liz Cheney for secretly communicating with a key J6 witness. Passantino represented Cassidy Hutchinson, a former White House aide who Cheney held secret discussions with over the encrypted messaging app Signal, despite the fact she was represented by Passantino in J6 matters.

Semiconductor Manufacturer to Close Arizona Factory Despite $162 Million in CHIPS Act Funds from Biden-Harris

Dec 4, 20243 min read

A semiconductor manufacturer announced Monday it will close its Tempe, Arizona factory in September of next year. The announcement came less than one year after the Biden-Harris administration announced $164 million in incentives to convince the company to expand its facilities in other states. Microchip Technology Inc. announced in a Monday quarterly call that the company would shut down its semiconductor manufacturing facility in Tempe, which will reportedly impact about 500 employees, as a cost-saving measure as executives instead look to the company's facilities in Colorado and Oregon.

‘Cutting Waste Is Not a Partisan Idea’: Trump’s DOGE Secures Support from Dem Lawmakers

Dec 4, 20244 min read

Elon Musk and Vivek Ramaswamy’s plans to cut waste, fraud and abuse within the federal government’s nearly $7 trillion budget through President-elect Donald Trump’s Department of Government Efficiency (DOGE) is beginning to attract support from a notable group: Democratic lawmakers. Democratic Florida Rep. Jared Moskowitz is the first Democratic lawmaker to join the House’s DOGE Caucus helmed by Republican Reps. Aaron Bean of Florida and Pete Sessions of Texas, according to a Tuesday press release.

Gen Mark Milley and President Donald Trump

Commentary: Trump Should Make an Example of General Milley

Dec 4, 20248 min read

In dealing with his enemies in the Deep State, President Trump could follow one of two paths. One would be the path of peace, reconciliation, and forgiveness. This would certainly be easier in the short term and also garner approval from insiders and the media. Alternatively, he could seek to clean house and punish the worst and most insubordinate offenders from his first term. Which path Trump should take all depends on whether one believes the last eight years were normal partisan squabbles or if one believes that something monumental happened: the obstruction of democratic self-government by a technocratic Deep State.

Virginia Republican Seeks to Ban Institutional Investors from Buying Single-Family Houses

Dec 4, 20243 min read

Virginia State Senator Glen Sturtevant (R-Midlothian) revealed on Saturday he intends to file legislation that would prohibit institutional buyers, like hedge funds and private equity groups, from purchasing single-family homes in the commonwealth. In posts to the social media platform X, Sturtevant noted that Redfin found in August that one in six homes in the United States are purchased from such institutional buyers, and revealed that the figure increased to 11 percent of home purchases in Virginia Beach and 9 percent in Washington, D.C.