Trucking giant Yellow Corp shuts down, 30,000 fired (Page 1/1) TheDigitalAlchemist AUG 02, 12:53 AM https://www.youtube.com/watch?v=IB_6cpiuj-c Heard that the union recently came to an agreement, but the company didn't pay... After nearly a century of shipping freight across the country, trucking giant Yellow Corp. is shutting down operations and laying off all 30,000 employees, just three years after receiving a $700 million bailout loan from the U.S. government. https://www.youtube.com/watch?v=IB_6cpiuj-c Todd Spencer of the Independent Drivers Association explains why the carrier, known for offering some of the cheapest rates in the trucking sector, went bankrupt. Full Story: https://www.newsnationnow.com/busines... #trucking #economy #Yellowcorp "NewsNation Now" is a no fluff, no filler newscast hosted by Nichole Berlie featuring up-to-the-minute news drawing from a network of journalists across the U.S. Weekdays starting at 1p/12C. NewsNation is your source for fact-based, unbiased news for all America. More from NewsNation: https://www.newsnationnow.com/ Get our app: https://trib.al/TBXgYpp Find us on cable: https://trib.al/YDOpGyG How to watch on TV or streaming: https://trib.al/Vu0Ikij davylong86 AUG 02, 04:29 PM That's a big blow to the Teamsters. I was in the trucking business for 20 yrs and knew a lot of guys that worked for Yellow here in St. Louis. The big worry is what happens to there pensions and profit sharing. This will not go well for them. If the government bailed out Yellow, how about the members that helped Yellow stay afloat all these years.