{"id":42075,"date":"2023-07-29T18:29:34","date_gmt":"2023-07-29T22:29:34","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/yellow-stock-rallies-more-than-12-trucking-company-laid-off-workers-wsj-reports\/"},"modified":"2023-07-29T18:29:35","modified_gmt":"2023-07-29T22:29:35","slug":"yellow-stock-rallies-more-than-12-trucking-company-laid-off-workers-wsj-reports","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42075","title":{"rendered":"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports"},"content":{"rendered":"
\n

Yellow Corp.
\n YELL,
\n +24.02%<\/bg-quote>
\n laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing customers and the threat of a Teamsters strike, the Wall Street Journal\u00a0reported. The layoffs affected Yellow\u2019s sales, business-operations and technology teams, but not its union drivers or freight handlers, the Journal said, citing people familiar with the matter. The Wall Street Journal reported earlier this week that the company was preparing to file for bankruptcy. The company and the Teamsters union are fighting over a new contract and missed pension and benefit payments, the Journal said, adding that Yellow had halted handling new shipments as its financial situation becomes more difficult. Stephens analyst Jack Atkins, in a note this week, said Yellow \u201cappears to be winding down operations due to the company\u2019s challenged liquidity position and crippling shipment count declines over the past week.\u201d The company on Thursday said it was \u201cexploring opportunities to divest\u201d Yellow Logistics, a third-party logistics broker that it runs. Shares were up 12.7% after hours on Friday. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing customers and the threat of a Teamsters strike, the Wall Street Journal\u00a0reported. The layoffs affected Yellow\u2019s sales, business-operations and technology teams, but not its union drivers or freight handlers, the Journal said, […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-42075","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nYellow stock rallies more than 12%; trucking company laid off workers, WSJ reports | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=42075\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=42075\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-29T22:29:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-29T22:29:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42075#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42075\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports\",\"datePublished\":\"2023-07-29T22:29:34+00:00\",\"dateModified\":\"2023-07-29T22:29:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42075\"},\"wordCount\":194,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=42075#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42075\",\"url\":\"https:\/\/ifintechworld.com\/?p=42075\",\"name\":\"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-29T22:29:34+00:00\",\"dateModified\":\"2023-07-29T22:29:35+00:00\",\"description\":\"Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42075#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=42075\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42075#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports | iFintechWorld","description":"Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=42075","og_locale":"en_US","og_type":"article","og_title":"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports | iFintechWorld","og_description":"Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing","og_url":"https:\/\/ifintechworld.com\/?p=42075","og_site_name":"iFintechWorld","article_published_time":"2023-07-29T22:29:34+00:00","article_modified_time":"2023-07-29T22:29:35+00:00","og_image":[{"width":1320,"height":742,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=42075#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=42075"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports","datePublished":"2023-07-29T22:29:34+00:00","dateModified":"2023-07-29T22:29:35+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=42075"},"wordCount":194,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=42075#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=42075","url":"https:\/\/ifintechworld.com\/?p=42075","name":"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-29T22:29:34+00:00","dateModified":"2023-07-29T22:29:35+00:00","description":"Yellow Corp. YELL, +24.02% laid off \u201ca large number\u201d of workers on Friday, as the trucking company\u2019s prospects sour following steep debt, fleeing","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=42075#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=42075"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=42075#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42075"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42075\/revisions"}],"predecessor-version":[{"id":42076,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42075\/revisions\/42076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1383"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}