US trucking firm Yellow files for bankruptcy after loading up on debt

Trucking giant Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union.

, Yellow Corp currently accounts for 15 percent of the market - delivering goods to sellers like Home Depot and for nearly a century.

Last week, The Nashville-based company - - announced it is preparing to file for bankruptcy and would cease operations immediately.

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