TRUCK-POCALYPSE! YELLOW FREIGHT GOES BANKRUPT! BANKRUPTCY, LOGISTICS AND A $700 MILLION COVID LOAN

EFFECTIVE TODAY>. Yellow Freight has shut it's doors and laid off it's 30,000 member staff (22,000 Teamsters in that number) making it the single worst day for trucking since the Covid scare.

Read the official documents here:

https://www.freightwaves.com/news/yellow-lays-off-portions-of-at-least-3-major-corporate-teams

What is the Yellow Logistics package worth?

https://www.wsj.com/articles/yellow-in-talks-to-sell-its-logistics-business-3224c51d

The stock slide:

https://www.nasdaq.com/market-activity/stocks/yell

Amazon:

https://seekingalpha.com/article/4455770-amazon-logistics-will-be-a-trillion-dollar-business-amzn