Yellow Trucking Halts Operations, Lay Offs Workers

Wake Up With Cheddar

Yellow corporation halted its operations yesterday and is set to lay off its 30,000 workers. A 99 year old trucking company faced a battle with Teamsters and failed to reach an agreement on a new contract. Teamsters, President Sean Sean o'brien expressed disappointment stating that Yellow had quote historically proven that it could not manage itself. O'brien said the company had received billions in worker concessions and hundreds of millions in federal bailout funding. The company owned over 700 million to the Treasury department and its stock value plummeted significantly.