( ) -q-24- UNDATED (Correspondent Jeremy House) “dating back decades.” Trucking company Yellow Corporation has declared bankruptcy after years of financial struggles and growing debt. [CutID: <Cuts> YELLOW-BANKRUPTCY-house-q-MONam.mp3 Time: 24s Title: YELLOW-BANKRUPTCY-house-q-MONam Out-cue: dating back decades] TAG: Correspondent Jeremy House reporting. Experts say former Yellow customers and shippers will face higher prices as they take […]
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Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles
( ) -q-24- UNDATED (Correspondent Jeremy House) “dating back decades.”
Trucking company Yellow Corporation has declared bankruptcy after years of financial struggles and growing debt.
[CutID: <Cuts> YELLOW-BANKRUPTCY-house-q-MONam.mp3
Time: 24s
Title: YELLOW-BANKRUPTCY-house-q-MONam
Out-cue: dating back decades]
TAG: Correspondent Jeremy House reporting. Experts say former Yellow customers and shippers will face higher prices as they take their business to competitors, including FedEx or ABF Freight. Yellow historically offered the cheapest price points in the industry.
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VERBATIM: The declaration marks a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy arrives just three years after Yellow received $700 million in pandemic-era loans from the federal government. But the company was in financial trouble long before that. Industry analysts have pointed to poor management and strategic decisions dating back decades.