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Trucking company Yellow s collapse puts BILLIONS of dollars in business up for grabs for short-haul trucking companies ready to snap up 15% of the market it has cornered, including Walmart and Home Depot

Trucking company Yellow s collapse puts BILLIONS of dollars in business up for grabs for short-haul trucking companies ready to snap up 15% of the market it has cornered, including Walmart and Home Depot
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Yellow s demise set to prop up industry freight rates

LOS ANGELES The operational shutdown of Yellow Corp. should help prop up industry rates that tumbled after the cargo bubble of the early coronavirus

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Yellow Corp demise seen boosting rates for rival US truckers

The operational shutdown of Yellow Corp, a major U.S. trucking firm, should help prop up industry rates that tumbled after the cargo bubble of the early coronavirus pandemic deflated last year, transportation analysts said. The company, formerly known as YRC, is one of the nation's largest so-called "less-than-truck load" carriers with customers that include Walmart and Home Depot. It notified customers that it stopped operations on Sunday and warned the Teamsters union, which represents 22,000 of its 30,000 employees, that it plans to file for bankruptcy.

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Yellow Corp demise seen boosting rates for rival US truckers

Yellow Corp demise seen boosting rates for rival US truckers
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Yellow Corp demise seen boosting rates for rival US truckers

The operational shutdown of Yellow Corp, a major U.S. trucking firm, should help prop up industry rates that tumbled after the cargo bubble of the early coronavirus pandemic deflated last year,.

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