Company of heroes 2 cargo truck9/20/2023 ![]() Industry trade publication FreightWaves reported late Wednesday that the company’s entire sales staff was told that their last day would be Friday, and that a bankruptcy filing would come July 31. ![]() The Wall Street Journal reported Thursday that customers were already fleeing the company before the 11th hour deal over the weekend to prevent the strike by Teamsters and that the exodus had continued this week. They’ll be shut down by Monday, if not sooner,” he told CNN Thursday. The company narrowly avoided a fatal strike by the Teamsters earlier this week after Yellow missed payments to pensions and healthcare funds, as the union agreed to give it extra time to make the payments.īut the company has stopped picking up new freight from customers and is only in the process of delivering the shipments it already has in its system according to Satish Jindel, a trucking industry consultant. The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees.
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