The State of LTL Shipping in Light of YRC Freight Bankruptcy
TransAudit
AUGUST 29, 2023
The 2008 financial crisis added fuel to the fire, putting severe pressure on Yellow’s financials. Yellow and Roadway had delays in integrating their vast national networks, and the existing debt got magnified as the 2008 Great Recession began. Compounding this was the debt accumulated from acquisitions.
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