Trucking giant shuts down operations, leaving 30,000 jobless
A billowing dispute between the Teamsters union and Yellow, one of the country's oldest trucking companies, came to a head over the weekend when it was revealed the company would be shutting down operations and has reportedly filed for bankruptcy.
The Wall Street Journal first reported the news, although speculation had been ripe for months as the Teamsters and Yellow's corporate executives battled it out. The former group, which represents about 22,000 truck drivers and dockworkers at the company, had threatened a companywide strike due to lack of healthcare and salary provisions.
The Yellow Corporation was headquartered in Nashville, with YRC Freight headquarters in Overland Park, Kansas, a suburb of Kansas City. It currently employs around 30,000 workers, who could all now be jobless, pending an outside acquisition of the company.