美国运输巨头Yellow公司宣布倒闭

Nashville, July 31 - U.S. transportation giant Yellow Corp. announced its shutdown and immediate cessation of operations, a sudden move that has shocked the freight industry and will leave approximately 30,000 employees jobless.

According to The Wall Street Journal, this is the largest bankruptcy in the history of the U.S. trucking industry. Yellow Corp. is now preparing to file for bankruptcy and is negotiating the sale of all or part of its business.

The International Brotherhood of Teamsters stated that this is a sad day for workers and the U.S. freight industry.

Yellow公司目前未偿还债务约为15亿美元，其中包括欠联邦政府的约7.3亿美元。今年第一季度的业绩显示，公司亏损金额达5460万美元。截至6月30日，Yellow公司的现金和现金等价物仅有1亿美元。

Earlier, Yellow Corp. avoided a strike threat from 22,000 truck drivers representing workers after paying over $50 million in overdue worker benefits and pensions.

YellowRoadway集团成立于1924年，拥有99年的历史，年销售额一度高达95亿美元，曾连续三年被《财富》杂志评选为最受敬仰的运输企业。

The companys clients include major retailers such as Walmart and Home Depot, as well as freight giant UberFreight, some of which have suspended cooperation due to concerns about potential loss or delay of goods.

Historically, in 2020, the administration of former U.S. President Donald Trump provided a $700 million pandemic relief loan to rescue Yellow Corp. in exchange for a 30% stake.

The shutdown of Yellow Corp. is not only a significant loss for the transportation industry but also signals potential challenges and uncertainties facing the entire sector. Analysts suggest this may trigger a series of supply chain issues, further exacerbating global supply chain tensions.