Yellow’s Promise to Repay Federal Debt Provokes Skepticism
Posted inBankruptcies Congressional Oversight Commission Coronavirus (2019-nCoV) Credit and Debt Defense Department Federal Aid (US) Inspectors General Mnuchin, Steven T Stimulus (Economic) Treasury Department Trucks and Trucking United States Politics and Government

Yellow’s Promise to Repay Federal Debt Provokes Skepticism

The trucking company, which has filed for bankruptcy protection, owes more than $700 million to the Treasury Department.
After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Posted inBankruptcies Biden, Joseph R Jr Credit and Debt International Brotherhood of Teamsters Layoffs and Job Reductions Organized Labor Shutdowns (Institutional) Stimulus (Economic) Supply Chain Trucks and Trucking Trump, Donald J United States Politics and Government

After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down

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.