The State of LTL Shipping in Light of YRC Freight Bankruptcy
TransAudit
AUGUST 29, 2023
LTL, or Less-Than-Truckload shipping, represents the transport of freight that doesn’t require an entire truck’s space. The repercussions are profound, with the LTL shipping sector being notably impacted. Financial Restructuring Attempts Yellow was compelled to opt for wage concessions and debt-for-equity swaps in 2009.
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