Trucking giant Yellow declares bankruptcy after nearly 100 years in business

• Trucking giant Yellow declared bankruptcy and will shut down. 
• The company received a $700 million loan from the federal government in 2020. 
• Yellow had about 30,000 employees, roughly 22,000 of which were represented by the Teamsters. 

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.