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Bankrupt trucking company Yellow repays controversial $700 million COVID loan
On Monday, bankrupt trucking company Yellow Corporation announced the repayment of a $700 million loan issued by the U.S. government during the pandemic.
Defunct trucking company under investigation for leaving drivers “waiting and waiting” for their paychecks
Recently closed trucking company under investigation by the state of Michigan for allegedly failing to pay its truck drivers and other employees. Excel Trucking in Grand Rapids, Michigan reportedly shut down in September of this year, but...
Matheson Trucking Inc. to close permanently after 61 years in operation, per reports
A Sacramento, California-based U.S. postal contractor will shut down for good after decades in operation.
XPO to buy dozens of bankrupt Yellow’s terminals for $870 million
Trucking and logistics giant XPO won a bid to acquire multiple Yellow terminals, according to a Tuesday morning report.
Postal service trucking contractor to lay off 122 and shutter Denver, Portland facilities
A logistics company that contracts with the U.S. Postal Service will lay off dozens of workers and close facilities in Colorado and Oregon, according to recently filed documents.
60,000 Yellow Corp. trucks, trailers, and support equipment units to go up for sale in 2024
Ritchie Bros. Auctioneers (Ritchie Bros.) and asset management firm Nations Capital (NCI) have received bankruptcy court approval to liquidate the assets of now-defunct trucking company Yellow Corp.
Car-hauler Jack Cooper Transport makes bid for Yellow Corp.
Car-hauler Jack Cooper Transport makes bid for Yellow Corp. contingent on government extending terms of Yellow’s $700 million unpaid COVID loan. Jack Cooper Transport, a large privately owned auto transport company, is making a bid to save...
Small trucking company “robbing Peter to pay Paul” as fuel prices refuse to drop
A small trucking company owner in Nevada says that high fuel prices have him struggling to keep business going. Phillip Scherer, owner of Phillip’s Roadway Services, says that the rise in diesel prices have been crippling to...
Drivers stunned by sudden shutdown of Michigan trucking company
Truck drivers say that they are owed thousands of dollars following the sudden closure of a Michigan trucking company.
Former Yellow drivers are being denied jobs over previous union ties
Former Yellow drivers denied jobs over concerns about their previous ties to the union, truckers say. Yellow Freight declared bankruptcy and shut its doors back in August. Now, thousands of truck drivers are on the hunt for...
Yellow executives paid millions to stick around as company crumbled
Yellow paid its executives millions in bonuses to keep them around as the company failed, court papers show. $4.6 million in bonuses were paid out to eight current and two former Yellow executives in the weeks before...
Estes’ revised $1.525 Billion bid for Yellow properties is “an improvement” over previous offers, company says
Estes Express Lines has made a new offer in a bid for Yellow’s real-estate holdings. Yellow reported the new offer from Estes in a court filing on Wednesday, September 13th, calling it the best and most attractive...
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