U.S. trucking firm Yellow files for bankruptcy after loading up on debt
, manufacturers and Uber Freight. Some have paused shipments to the company on fears they could be lost or stranded if the carrier went bankrupt.late last month that it was notified that the company was ceasing operations.
The company's struggles compounded with a steep drop in ecommerce shipments from early pandemic highs and an industrywide decline in freight volumes over the last year.
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