{"id":1992828,"date":"2023-08-07T04:19:02","date_gmt":"2023-08-07T08:19:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-company-yellow-files-for-bankruptcy\/"},"modified":"2023-08-07T04:20:45","modified_gmt":"2023-08-07T08:20:45","slug":"trucking-company-yellow-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-company-yellow-files-for-bankruptcy\/","title":{"rendered":"Trucking company Yellow files for bankruptcy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrucking-company-yellow-files-for-bankruptcy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1992828&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Yellow, One of the Nation&#8217;s\u200d Largest \u2063Trucking Companies, Files for Bankruptcy<\/h2>\n<p>In a surprising turn of events, Yellow, a trucking company with \u2062a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/large-trucking-company-reportedly-shutting-down-after-99-years-costing-up-to-30000-jobs\/\" title=\"Major trucking company to close after nearly a century, leaving 30,000 jobless.\">rich 99-year history<\/a>, has filed for bankruptcy just days after announcing its closure. The decision was\u200c made in order to \u2064ensure a \u200dsmooth and orderly\u2062 winding down of operations.<\/p>\n<p>Only three\u200b years ago, Yellow received a lifeline\u2063 of\u2064 $700 million from the federal\u2064 government during the pandemic. \u200cHowever, despite\u200d this assistance, the company has faced challenges that have impacted its profitability.<\/p>\n<blockquote>\n<h3>&#8220;It \u200cis with profound disappointment that \u200dYellow announces\u2062 that it is closing after nearly 100 years\u2062 in business,&#8221;<\/h3>\n<p>&#8211; Yellow CEO\u200b Darren \u2063Hawkins<\/p>\n<\/blockquote>\n<p>With\u200b a workforce \u2063of approximately 30,000 \u200bemployees, Yellow \u2063was \u200ca major player in the\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/truckers-warn-federal-regulators-that-drug-testing-bottlenecks-are-leaving-many-unable-to-drive\/\" title=\"Truckers Warn Federal Regulators That Drug-Testing Bottlenecks Are Leaving Many Unable to Drive\">trucking industry<\/a>. Its fleet of 12,<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trucking-company-yellow-files-for-bankruptcy\/\" title=\"Yellow, a trucking company, declares bankruptcy.\">000 trucks\u2062 transported goods<\/a> for both large-scale clients like Walmart \u200cand \u2063Home Depot, as\u2062 well \u200bas smaller businesses.<\/p>\n<p>The company&#8217;s closure was \u200cpreceded by tense contract\u2062 negotiations with the Teamsters Union,\u2063 narrowly avoiding a strike. \u200cGiven these\u200d circumstances, it was widely anticipated that Yellow would \u2063eventually file for\u200c bankruptcy.<\/p>\n<p>If Yellow fails to repay \u200cthe $700 million\u200b loan issued by the Trump \u200badministration\u200b in 2020, there is a possibility that taxpayers may suffer losses, according to Reuters.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">Click here<\/a> to read more \u200cfrom\u200d The\u2062 Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the nation&#8217;s largest trucking companies, Yellow, has filed for bankruptcy less than two weeks after announcing its closure. The business, which has been around for 99 years, said it made the decision so that it could close its operations in an &#8220;orderly&#8221; way. It was just three years ago that the major trucking<\/p>\n","protected":false},"author":1,"featured_media":1992829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1992828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1992828"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1992829"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1992828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1992828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1992828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}