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Yellow's potential bankruptcy amid a union dispute threatens to disrupt the less-than-truckload industry significantly.
A potential bankruptcy for Yellow, the fifth-largest trucking carrier in the US, could seriously impact the less-than-truckload (LTL) industry. Yellow controls 9% of the total LTL capacity, and their sudden shutdown could cause significant disruption. Other LTL carriers may struggle to absorb Yellow's volume, especially as Yellow’s freight bills per day have already fallen by over 30%. This sudden increase in load would put pressure on an already strained industry. The uncertainty following Yellow's potential bankruptcy could also lead to fluctuating rates and unstable service levels across the LTL market. It's a critical period for the LTL industry, with Yellow's fate potentially shaping the landscape in significant ways.
Source: FreightWaves
With a potential Yellow strike and bankruptcy approaching here’s a look at the top-10 for-hire carriers in the US by number of trucks (#2 may also strike)$yell https://t.co/LjrvOnFJEH pic.twitter.com/6jrfX3bt9D
— Dooner 🏴☠️ (@TimothyDooner) July 18, 2023
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