US trucking firm 'Yellow' shut down Sunday. 30,000 jobs at risk.

<p>The <a href="https://www.wsj.com/articles/the-fall-of-a-trucking-giant-why-yellow-is-on-the-verge-of-collapse-3724f662" target="_blank" rel="nofollow">Wall Street Journal</a> (gated) reports that Yellow, one of the oldest and biggest U.S. trucking businesses, shut down on Sunday.</p><ul><li>has more than 12,000 trucks moving freight across the US</li><li>sent out notices to customers and employees saying it was ceasing all operations at midday Sunday</li><li>company is preparing to file for bankruptcy</li><li>is in talks to sell off all or parts of the business</li></ul><p>The journal says further:</p><ul><li>imperils nearly 30,000 jobs</li><li>Hundreds of its nonunion employees were laid off Friday</li></ul><p>—</p><p>The risk to jobs has implications for how the Federal Reserve assess the economy. Keep an eye on this and similar developments. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.