News / Bankruptcy looms as Yellow burns cash and tries to offload its 3PL

28/07/2023

Struggling Yellow is slipping closer to the end of the road, with signs that bankruptcy could come as early as Monday.

Yellow is the third-largest less-than-truckload (LTL) carrier in the US, with 30,000 employees and operating revenues last year of $5.24bn.

According to a report in Freightwaves, Yellow’s EVP of sales, in a video call on Wednesday, told her staff management would proceed with a bankruptcy filing on Monday.

However, the publication reported this was retracted later that day in a statement that ...

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Gerry Jackson
July 28, 2023 at 3:25 pm
Amazing? You wrote that entire article without once writing the company’s full name. Such omissions and heavy use of unnamed acronyms is characteristic of this publication.

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- Alessandro Pasetti
  August 03, 2023 at 8:56 am
  Thanks for the feedback Gerry, on this specific occasion Loadstar could have spelled out the full Yellow Corp company name. Re: “Such omissions and heavy use of unnamed acronyms is characteristic of this publication” – amazing: we are glad you are one of the very few holding that view regarding our ex-paywall product. Thanks again.
  
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