Yellow Corporation Bankruptcy

Yellow's collapse removed a major LTL carrier almost overnight and showed shippers why carrier diversification and financial checks matter. The nearly 100-year-old company had about 30,000 employees, including 22,000 Teamsters, and carried about $1.5 billion in long-term debt as LTL shipments fell. It ceased operations at the end of July 2023 and filed for bankruptcy on August 6, the largest trucking bankruptcy on record. Its freight moved quickly to other LTL carriers, which gained pricing power as capacity tightened. Shippers with LTL volume now keep backup carriers in their routing guides.

• Less-Than-TruckloadLTLFreight that shares a trailer
• Freight ClassLTL pricing rating from 50 to 500
• Routing GuideA retailer's shipping rulebook for suppliers

• Freight Recession of 2022-20242022–2024 · Truck rates fall while carrier capacity stays high
• Great Recession Freight Downturn2008–2009 · US freight shipments fall about 25 percent
• Convoy Shutdown2023 · A digital freight broker once worth $3.8 billion closes

• Negotiated Rates Act of 19931993 · Ended the trucking undercharge claims crisis

1. Yellow Corp files for bankruptcy (Supply Chain Dive) supplychaindive.com
2. 30,000 workers bid goodbye to 99-year-old Yellow trucking company (ABC7 News) abc7news.com