Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Yellow, the 99-year-old trucking company, has filed for Chapter 11 bankruptcy and is liquidating its assets following years of struggle with mounting debt and issues with the Teamsters Union.
The company's closure will result in the loss of 30,000 jobs, including 22,000 union-held positions. Yellow’s bankruptcy and closure have been attributed to the company's debt incurred through mergers, a $700 million federal Covid-19 relief loan, and a protracted standoff with the Teamsters Union. Yellow owns about 12,000 trucks and many freight terminals across the country. Its bankruptcy filing listed 30 unsecured creditors, including BNSF Railway, Amazon.com, and Home Depot.
After days of silence, trucking company Yellow Corporation released a statement late Sunday night about its filing of bankruptcy. In a sub headline, it places the blame squarely on the International Brotherhood of Teamsters. https://t.co/hiVT7SIoJNpic.twitter.com/bofsXDu1PI
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
[Alexandria, VA, December 20, 2023] — The Transportation Intermediaries Association (TIA) is excited to welcome Curtis Garrett, founder of Understand LTL,
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