Yellow Files for Bankruptcy, Blames Union for Downfall

Yellow trucking has filed for bankruptcy following years of financial turmoil and a standoff with the Teamsters union, putting over 30,000 people out of work.

Yellow Corp. trucks are seen at a YRC Freight terminal, in Kansas City, Mo., on July 28, 2023. Charlie Riedel/AP Photo

U.S. trucking firm Yellow Corp. filed for Chapter 11 bankruptcy protection on Aug. 6 after the company buckled under pressure from a mounting debt load as well as a standoff with an employee union.

“It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business,” Yellow CEO Darren Hawkins said in an Aug. 6 statement. “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.”