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The Yellow Corporation, the largest freight trucking company in the US, is currently conducting negotiations with the Teamsters union to extract massive concessions from the workers. The company has over $1.6 billion in debt. Over $1 billion of their debt is due this year and Wall Street is demanding massive concessions in exchange for refinancing. It is widely expected that Yellow may declare bankruptcy in the next month or two, threatening the jo…
Read the full article at: https://www.wsws.org/en/articles/2023/07/17/yell-j17.html