Freight carrier Yellow shut down operations after 99 years in business.
Here’s how ballooning debt and a standoff with the Teamsters union led to Yellow’s downfall.
Photo: George Walker IV/Associated PressThe collapse of one of the largest U.S. trucking companies is propping up competitors in a lean freight market.
XPO , ABF Freight and Saia are among the carriers reporting strong growth in pricing power, shipment volumes and other key measures during the most recent quarter in trucking’s less-than-truckload sector, a high-stakes corner of the market in which carriers combine freight from multiple customers in a single trailer.
Persons:
George Walker IV
Organizations:
Teamsters, Associated
Locations:
trucking’s