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    The Yellow trucking company meltdown, explained

    Yellow's demise stems from an exodus of customers, union strife and longstanding financial troubles.
    by Emma Bowman Jul 30, 2023 4 minutes
    Yellow box trailers are seen last month at a terminal in Medley, Fla. Despite no official announcement from the trucking company, industry experts say Yellow faces an imminent shutdown.
    Updated July 30, 2023 at 10:09 PM ET

    It's the end of the road for one of the nation's largest freight carriers.

    Yellow, a trucking company that just three years ago took a $700 million federal pandemic loan, is shutting down, according to the Teamsters union, which represents the company's 22,000 unionized workers.

    The company is expected to file for bankruptcy as soon as Monday, according to industry experts, following a recent exodus of customers amid union strife and on top of years of financial troubles.

    With 30,000 jobs at stake, it's poised to be the largest trucking bankruptcy in the history of the U.S.,

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