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Yellow Corp. shuts down after years of financial struggles. This move could lead to higher rates and benefits for rival carriers.
After years of financial troubles, Yellow Corp., laden with a $730 million government loan, has finally ceased operations. Here are some critical figures surrounding its closure:
Its exit is predicted to increase rates for former Yellow Corp. clients but benefit rival large LTL carriers.
Simultaneously, the Yellow Corp.'s bankruptcy highlights the risks associated with high-cost labor and Teamsters battles, suggesting that the alternative might lie in technology-driven solutions. Many logistics companies are turning to automation and process optimization to reduce labor dependency and improve margins.
Source: Logistics Management
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