New York CNN —Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers. The unionized company has been in a battle with the Teamsters union, which represents about 22,000 drivers and dock workers at the company. This is a sad day for workers and the American freight industry,” said Teamsters President Sean O’Brien in a statement. But the company handled only about 7% of the nation’s 720,000 daily LTL shipments last year, said Jindel. Yellow, Roadway and a third company known as CF or Consolidated Freightways had once been known as the Big Three of the trucking industry.

Source: CNN August 01, 2023 11:25 UTC