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News@lemmy.world · 1 year ago

After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down

www.nytimes.com

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After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down

www.nytimes.com

fne8w2ah@lemmy.world to

News@lemmy.world · 1 year ago

Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.

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1 year ago
Agree in principle but there was little left to nationalize with yellow.

Their fleet was composed of mostly leases. It had been gutted and infected with MBA types doing dirty MBA tricks for years now.

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