Updated: 100-Year-Old Yellow Shuts Down, Heads to Bankruptcy

Aug. 7, 2023

“Today’s news is unfortunate but not surprising,” said Teamsters General President Sean M. O'Brien.

Editor's note: This story initially ran on July 31, 2023. Yellow has since filed for Chapter 11 bankruptcy protection. The lengthy dispute between the company and the Teamsters union continues as both parties have released statements blaming the other for the company's downfall. Read more here.

The Teamsters union, which represents 22,000 Yellow Corp. workers, was served legal notice that the company will be ceasing operations and filing for bankruptcy. Yellow is one of the largest less-than-truckload companies in the U.S.

"The writing has been on the wall for the past few days if not weeks," writes Scott Achelpohl for IndustryWeek partner brand FleetOwner.

Learn more about this developing story in the complete article on FleetOwner.