Trucking giant Yellow shuts down after 99 years, files for bankruptcy amid union disputes and mounting debt

Yellow Corp., one of the largest US trucking companies, is ceasing operations and filing for bankruptcy after 99 years.
The company had faced years of financial struggles, including growing debt and loss of customers.
Yellow's closure puts 30,000 jobs at risk and will significantly impact the US transportation industry.
The company's bankruptcy comes amid contentious contract negotiations with the Teamsters union over pensions and benefits.
Yellow received $700 million in federal pandemic loans but was unable to restructure its over $1 billion in debt.