After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow’s ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. Yellow, formerly known as YRC Worldwide Inc., is one of the nation’s largest less-than-truckload carriers. The Nashville, Tennessee-based company has some 30,000 employees and operates in all 50 states, Canada and Mexico.
Opinion:
The news of Yellow Corp. reportedly preparing for bankruptcy is concerning, especially given the company's size and scope. This could have a major ripple effect throughout the trucking industry, as well as the economy as a whole. It's a reminder of the fragility of the economy and the need for businesses to be prepared for any eventuality. It's also a reminder of the importance of unions and the role they play in protecting workers' rights and ensuring fair wages and working conditions. This news is a stark reminder of the need for businesses to be prepared for any eventuality and the importance of unions in protecting workers' rights.
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