Yellow, one of the nation’s largest freight and trucking companies, announced it is shutting down, leading to one of the largest mass layoffs in recent history and potential shipping cost increases. The company is in bankruptcy just three years after getting a $700 million loan from taxpayers. Lisa Desjardins discussed the economic impact with Rachel Premack of FreightWaves.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
TikTok: https://www.tiktok.com/@pbsnews
Twitter: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour
Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe
