July 30, 2023
US trucking giant Yellow collapsed on Sunday, ceasing operations immediately and leaving some 30,000 workers without jobs.The closure is the biggest in terms of jobs and revenue in the U.S. trucking industry, according to The Wall Street Journal – which first reported its shutdown.
The company, which received $700 million in federal COVID relief funds in 2020, is preparing to file for bankruptcy and is in talks to sell off all or parts of the business.
The nearly 100-year-old firm is known for its competitive pricing and has more than 12,000 trucks shipping freight across the US for brands including Walmart and Home Depot.At this time, it __appears__ that all of Yellow’s subsidiaries may be GONE too:
- YRC Freight reflects the Yellow Transportation (founded in 1924 in Oklahoma City, Oklahoma) purchase of and subsequent merger with Roadway (founded in 1930 in Akron, Ohio).
- YRC Freight is the largest subsidiary of Yellow with corporate headquarters in Overland Park, Kansas.
- Other Yellow subsidiaries include Reddaway, Holland and New Penn.