A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat.
Category: Trucks and Trucking
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Berkshire Hathaway Posts Quarterly Profit of Nearly $36 Billion
A rebound in performance at the Geico car insurer helped offset declines in the conglomerate’s freight railroad business.
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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.
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Yellow Trucking Company May Be Headed Toward Bankruptcy
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash.
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Tesla Will Build Heavy Trucks at a New Factory in Nevada
The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric vehicles.
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How a Texas Border City Is Shaping the Future of Global Trade
Laredo, across from Mexico on the Rio Grande, is primed to become one of the world’s most important land ports as American companies reduce their reliance on factories in Asia.
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‘No Jobs Available’: The Feast or Famine Careers of America’s Port Drivers.
Consumer demand has cooled, leaving fewer containers to pick up on the West Coast. For Marshawn Jackson, a truck driver paid by the delivery, that means a hard scrabble to make ends meet.
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Nikola Founder Trevor Milton Is Convicted of Fraud
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.