The “Yellow” freight trucking company, which had abruptly shut its Orange County-based operations in Maybrook, has filed Chapter 11 bankruptcy. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says labor and other costs are hurting similar companies like FedEx as well…
The 99 year-old, Nashville, Tennessee-based company reportedly did not give Orange County officials heads-up the facility would close. The shutdown has reportedly led to 30,000 layoffs nationwide.