The Associated Press

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International Brotherhood of Teamsters

Yellow Corp. trucks are seen at a YRC Freight terminal Friday, July 28, 2023, in Kansas City, Mo. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. (AP Photo/Charlie Riedel)

Yellow is shutting down and headed for bankruptcy, the Teamsters Union says. Here’s what to know

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