This is Dominic Pino filling in for a vacationing Jim Geraghty. Starting tomorrow, Noah Rothman will take you through the end of the week.
On the menu today: Yellow, a unionized trucking company, goes under in the largest bankruptcy in the industry's history.
The Slow, Quiet Demise of Yellow
Yellow Corporation has been around for 99 years, but it won't make it to triple digits. The less-than-truckload (LTL) trucking company, known for its low rates and nationwide network, officially filed for bankruptcy on Sunday after slowly gliding out of business for years.
In the early 2000s, Yellow pursued an aggressive acquisition strategy, purchasing LTL carriers Roadway and USF, along with several regional carriers. The idea was to create one firm with national reach and do so with a unionized workforce.
That idea ran contrary to the general trend in the LTL industry, which has become less unionized over the decades. In 1993 ...
 | | | | | WITH JIM GERAGHTY August 08 2023 | |  | | WITH JIM GERAGHTY August 08 2023 | | |  | | This is Dominic Pino filling in for a vacationing Jim Geraghty. Starting tomorrow, Noah Rothman will take you through the end of the week. On the menu today: Yellow, a unionized trucking company, goes under in the largest bankruptcy in the industry's history. The Slow, Quiet Demise of Yellow Yellow Corporation has been around for 99 years, but it won't make it to triple digits. The less-than-truckload (LTL) trucking company, known for its low rates and nationwide network, officially filed for bankruptcy on Sunday after slowly gliding out of business for years. In the early 2000s, Yellow pursued an aggressive acquisition strategy, purchasing LTL carriers Roadway and USF, along with several regional carriers. The idea was to create one firm with national reach and do so with a unionized workforce. That idea ran contrary to the general trend in the LTL industry, which has become less unionized over the decades. In 1993 ... READ MORE | | | | |
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