ST. LOUIS — The abrupt shutdown at the trucking company Yellow Corp. will affect tens of thousands of workers across the U.S., including some in St. Louis.
The Teamsters Union said Monday that it had been legally notified that Yellow Corp. was ceasing operations and planned to file for bankruptcy.
Yellow box trailers are seen at the shuttered YRC Freight terminal in the Kosciukso neighborhood on Monday, July 31, 2023. Yellow is set to file for bankruptcy. Photo by Robert Cohen, [email protected]
“Today’s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government. This is a sad day for workers and the American freight industry,” Teamsters General President Sean M. O’Brien said in a statement.
The union said it was working on next steps, to help members find other jobs in the freight industry.
At the company’s sprawling truck yard in the Kosciusko neighborhood of St. Louis, signs were posted Monday morning noting that “all company operations have ceased” as of Sunday. Tractor trailers were positioned to block the entrances to the yard. Local union representatives did not immediately respond.
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The company had 30,000 employees across the country as of earlier this year, the Associated Press reported.
A motorist passes by a safety vest labeled with the name of Yellow driver Ron Fisher, that was displayed in protest on the fence of the company’s shuttered YRC Freight terminal in the Kosciukso neighborhood of St. Louis on Monday morning, July 31, 2023, in the wake of ceased operations.
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