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Teamsters say トラックで運ぶing 巨大（な） Yellow Corp. is 中止するing 操作／手術s, とじ込み／提出するing for 破産

Published: 14:51 BST, 31 July 2023 | Updated: 18:47 BST, 1 August 2023

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NEW YORK (AP) - Troubled トラックで運ぶing company Yellow Corp. is shutting 負かす／撃墜する and 長，率いるd for a 破産, the Teamsters said Monday.

An 公式の／役人破産とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. Its 推定する／予想するd liquidation would 示す a 重要な転換 for the U.S. transportation 産業 and shippers 全国的な.

"Today´s news is unfortunate but not surprising. Yellow has 歴史的に proven that it could not manage itself にもかかわらず billions of dollars in 労働者譲歩s and hundreds of millions in bailout 基金ing from the 連邦の政府," Teamsters General 大統領 Sean M. O´Brien said, in an 告示説 the union had been served with 合法的な notice for the 破産とじ込み／提出するing. "This is a sad day for 労働者s and the American freight 産業."

Yellow is one of the nation´s largest いっそう少なく-than-truckload 運送／保菌者s. The 終結 of the 99-year-old Nashville, Tennessee-based company 危険s a loss of 30,000 職業s. Yellow shut 負かす／撃墜する操作／手術s on Sunday, によれば The 定期刊行物, に引き続いて the layoffs of hundreds of nonunion 従業員s on Friday.

As of Tuesday afternoon, no 破産 filings from the company could be 設立する on the 安全s and 交流（売買）手数料，委託（する）／委員会／権限's website.

The company´s 崩壊（する） arrives just three years after Yellow, 以前は known as YRC 世界的な Inc., received $700 million in pandemic-時代貸付金s from the 連邦の政府. But the company was in 財政上の trouble long before t hat - with 産業分析家s pointing to poor 管理／経営 and 戦略の決定／判定勝ち（する）s dating 支援する１０年間s.

Box trailers and トラックで運ぶs are seen at Yellow Corp. トラックで運ぶing 施設 Monday, July 31, 2023 in Nashville, Tenn. The troubled トラックで運ぶing company is shutting 負かす／撃墜する and とじ込み／提出するing for 破産, the Teamsters said Monday. An 公式の／役人破産とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. (AP Photo/George Walker IV)

When reached by The Associated 圧力（をかける）, Yellow did not comment 直接／まっすぐに to the 破産報告（する）／憶測s, but 演説（する）／住所d 契約交渉s between the Teamsters and the company, which 告訴するd the union in June after 主張するing it was "unjustifiably 封鎖するing" 再編成計画（する）s needed for Yellow´s 生き残り. At the time, the Teamsters called the litigation "baseless" - with O´Brien pointing to Yellow´s "１０年間s of 甚だしい／１２ダース mismanagement" and 告発する／非難するing the company of wanting 労働者s to "to foot the 法案" まっただ中に the company's 財政上の大混乱.

"Yellow has not asked its union 従業員s for any 譲歩s in its 成果／努力s to 認可する its long-planned 近代化成果／努力... Yellow 申し込む／申し出d to 支払う／賃金 its 従業員s more, a lot more, but the (Teamsters) 辞退するd to 交渉する for nine months," a company 公式の／役人 said in a 声明 sent to The Associated 圧力（をかける） Monday night, 告発する／非難するing the union of trying to "destroy" Yellow.

報告（する）／憶測s of Yellow 準備するing for 破産現れるd last week - as the Nashville, Tennessee-based trucker saw 顧客s leave in large numbers, per The 塀で囲む Street 定期刊行物 and FreightWaves. And the company 報道によれば stopped freight 好転s earlier in the week.

These 報告（する）／憶測s arrived just days after Yellow 回避するd a strike from the Teamsters. On July 23, a 年金基金 agreed to 延長する health 利益s for 労働者s at two Yellow Corp. operating companies, 避けるing a planned ストライキ. The union said Yellow would have "30 days to 支払う／賃金 its 法案s," 顕著に a total of $50 million 借りがあるd to the Central 明言する／公表するs Health and 福利事業基金. A Yellow spokesperson said Tuesday that the company 以前 request a short-称する，呼ぶ／期間／用語 deferral of the 年金出資／貢献s 加える利益／興味, but the 基金s 否定するd that request.

Yellow has racked up hefty 法案s over the years. As of late March, Yellow had an ou tstanding 負債 of about $1.5 billion. Of that, $729.2 million was 借りがあるd to the 連邦の政府.

In 2020, under the Trump 行政, the 財務省 Department 認めるd the company a $700 million pandemic-時代貸付金 on 国家の安全 grounds. Last month, a congressional 調査（する）結論するd that the 財務省 and 弁護 departments "made missteps" in this 決定／判定勝ち（する） - and 公式文書，認めるd that Yellow´s "不安定な財政上の position at the time of the 貸付金, and continued struggles, expose taxpayers to a 重要な危険 of loss."

The Teamsters supported the $700 million 貸付金 when it was first 発表するd. As of June 30, Yellow had paid $67 million in cash 利益／興味 on the 貸付金, which is 予定 in 2024, the company said.

The prospect of 破産 and 現在の財政上の大混乱 at Yellow "is probably two １０年間s in the making," said Stifel 研究 director Bruce Chan, pointing to poor 管理／経営 and 戦略の決定／判定勝ち（する）s dating 支援する to the 早期に 2000s. "At this point, after each party has 保釈（金）d them out so many times, there is a 限られた／立憲的な appetite to do that anymore."

An 投資家s 公式文書，認める from 財政上の service 会社／堅い Stephens last week 概算の that Yellow was 燃やすing daily 量s of $9 million to $10 million in 最近の days.

Yellow 扱うd an 普通の／平均（する） of 49,000 出荷／船積みs per day in 2022 によれば Satish Jindel, 大統領，／社長 of transportation and 兵たん業務会社／堅い SJ 協議するing. On Friday, he 概算の that number was 負かす／撃墜する to between 10,000 and 15,000 daily 出荷／船積みs.

Former Yellow 顧客s and shippers will 直面する higher prices as they take their 商売／仕事 to competitors, 含むing FedEx or ABF Freight, 専門家s say - 公式文書，認めるing that Yellow 歴史的に申し込む／申し出d the cheapest price points in the 産業.

Yellow´s prices have 歴史的に been the cheapest compared to other 運送／保菌者s, Jindel said. "That´s why they 明白に were not making money," he 追加するd. "And while there is capacity with the other LTL 運送／保菌者s to 扱う the 転換s from Yellow, it will come at a high price for (現在の shippers and 顧客s) of Yellow."

AP 商売／仕事 Writer Matt Ott 与える／捧げるd to this 報告（する）／憶測.

Safety vests for Yello w drivers Ron Fisher and J. Keilholz are zip-tied to 盗品故買者ing at the YRC Freight 終点 as it lies の近くにd in St. Louis, on Monday, July 31, 2023. Troubled トラックで運ぶing company Yellow Corp. is shutting 負かす／撃墜する and とじ込み／提出するing for 破産, the Teamsters said Monday. An 公式の／役人 backruptcy とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. (Robert Cohen/St. Louis 地位，任命する-派遣（する）経由で AP)

A 運転者 passes a safety vest for Yellow driver Ron Fisher that was left zip-tied to the 盗品故買者 as the YRC Freight 終点 lies shuttered in St. Louis, on Monday, July 31, 2023. Troubled トラックで運ぶing company Yellow Corp. is shutting 負かす／撃墜する and とじ込み／提出するing for 破産, the Teamsters said Monday. An 公式の／役人 backruptcy とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. (Robert Cohen/St. Louis 地位，任命する-派遣（する）経由で AP)

A Yellow box trailer 封鎖するs the 入り口 to the shuttered YRC Freight 終点 in St. Louis, on Monday, July 31, 2023. Troubled トラックで運ぶing company Yellow Corp. is shutting 負かす／撃墜する and とじ込み／提出するing for 破産, the Teamsters said Monday. An 公式の／役人 backruptcy とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. (Robert Cohen/St. Louis 地位，任命する-派遣（する）経由で AP)

Box trailers are seen at Yellow Corp. トラックで運ぶing 施設 Monday, July 31, 2023 in Nashville, Tenn. The troubled トラックで運ぶing company is shutting 負かす／撃墜する and とじ込み／提出するing for 破産, the Teamsters said Monday. An 公式の／役人破産とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. (AP Photo/George Walker IV)

A 調印する for Yellow Corp. トラックで運ぶing company stands outside its 施設 Monday, July 31, 2023 in Nashville, Tenn. The troubled トラックで運ぶing company is shutting 負かす／撃墜する and とじ込み／提出するing for 破産, the Teamsters said Monday. An 公式の／役人破産とじ込み／提出するing is 推定する／予想するd any day for Yellow, after years of 財政上の struggles and growing 負債. (AP Photo/George Walker IV)