Grim new prediction for all taxpayers as major trucking firm will see 30,000 job losses and bankruptcy filing in days ...Middle East

News by : (The U.S. Sun) -
A NEARLY century-old trucking company has made plans to file for bankruptcy, and taxpayers may be left picking up the pieces. Yellow Corporation, founded in 1903, was once the backbone of the nation’s shipping industry. GettyTaxpayers have been left to handle a $700million federal loan after it was announced that the trucking company Yellow Corporation will file for bankruptcy[/caption] GettyThe company borrowed the money during the pandemic, but its stock value has plummeted dramatically since then[/caption] The Nashville, Tennessee, company offered some of the some of the most affordable rates for companies that needed to transport loads smaller than a full semi-truck. But a

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