yellow

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.

Trucking firm Yellow, which shut down Sunday after a long-running labor dispute, has officially said it is laying off its 1,000 employees across North Carolina.

Yellow Corp., a 99-year old trucking company that was once a dominant player in its field, halted operations Sunday and will layoff all 30,000 of its workers. The company has six terminals in North Carolina, including Raleigh and Fayetteville.