Teamsters Say Yellow Corp. Is Ceasing Operations, Filing for Bankruptcy

Teamsters Say Yellow Corp. Is Ceasing Operations, Filing for Bankruptcy
Yellow Corp. trucks are seen at a YRC Freight terminal, in Kansas City, Mo., on July 28, 2023. Charlie Riedel/AP Photo
The Associated Press
Updated:
0:00

NEW YORK—Troubled trucking company Yellow Corp. is shutting down and filing for bankruptcy, the Teamsters said Monday.

An official bankruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt. Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide.