Yrc Freight
Yellow Corporation, operating under various divisions such as YRC Freight, USF Holland, USF Reddaway, and New Penn Motor Express, has announced the cessation of operations after nearly 100 years in business, filing for Chapter 11 bankruptcy on August 6, 2023. This significant change reflects the company's challenges in maintaining operations amid a shifting economic landscape.
The bankruptcy proceedings include the management of their extensive rolling stock assets through an auction facilitated by Ritchie Bros. and Nations Capital LLC, featuring a vast array of equipment located at over 300 terminal locations across the U.S. and Canada. This marks the end of an era for a notable entity in the logistics and freight transportation industry.
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