Yellow Corporation Files for Bankruptcy After Taking $700 Million Pandemic Loan"Reason reported last month that with less than two years left on its loan, Yellow Corporation owed more than it originally borrowed and had repaid only $230 in principal.
...The company took a $700 million federal loan under laws passed to address the COVID-19 pandemic in 2020, in exchange for the government taking a 29 percent stake in the company.
Now, Yellow is expected to file for bankruptcy and employees are apparently being terminated, effective immediately...
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