The Latest Breaking News from Yellow

Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports

A deadly bombing near the Pakistan-Afghanistan border has killed dozens and injured hundreds. Shipping company Yellow is expected to file bankruptcy. How to cope with the loss of a pet.

Stock futures mixed amid 'soft landing' hopes for U.S. economy; Week Ahead: jobs data in focus, earnings reports accelerate; Johnson & Johnson slides as talc bankruptcy plan rejected by judge; Walmart buys out Tiger Global, expands Flipkart stake and Yellow slides as Teamsters say trucking giant preparing for bankruptcy.

Yellow's demise stems from an exodus of customers, union strife and longstanding financial troubles.

After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers

Reason reported last month that with less than two years left on its loan, Yellow Corporation owed more than it originally borrowed and had repaid only $230 in principal.

After losing more than $100 million in a single year, Yellow Corporation got a $700 million pandemic assistance loan from the government. It has only paid $230 on the principal.

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The surcharge would start at $1 for fares up to $20, then go to $2 for fares up to $40 and to $3 for tabs over $40. The Business and Consumer Affairs would be empowered to terminate the surcharge whenever gasoline prices fall below $5 a gallon.