Yrc
Yellow Corporation, which includes YRC Inc., New Penn, Holland, Reddaway, and Yellow Logistics, has recently ceased operations and filed voluntary Chapter 11 petitions as of August 6, 2023, marking the end of nearly a century of business. The company's significant assets, including a variety of trucks and trailers, are being managed for auction by Ritchie Bros. and Nations Capital LLC across more than 300 terminal locations in the United States and Canada.
The Chapter 11 filing has affected various stakeholders, including customers, union, and non-union employees, prompting a range of legal and logistical considerations. As the situation unfolds, Yellow Corporation's legacy and operational footprint within the freight and logistics sector come to a close.
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