US trucking company Yellow shuts down operations -WSJ By Reuters

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<p>(Reuters) -U.S. trucking firm Yellow ceased all operations on Sunday, the Wall Street Journal said citing notices sent to customers and employees.</p>
<p>The Wall Street Journal reported last week the Nashville, Tennessee-based company is preparing to file for bankruptcy and has laid off a large number of workers.</p>
<p>Earlier this month Yellow averted a threatened strike by 22,000 Teamsters-represented workers, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals.</p>
<p>Yellow did not immediately respond to a Reuters’ request for comment.</p>
<p>The company said on Thursday it is exploring opportunities to divest its third party logistics company Yellow Logistics Inc, and is engaged with multiple interested parties.</p>
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