Posts tagged Old Dominion Freight Line
92-year-old freight company turns rival bankruptcy into profit
August 5, 2026 // Yellow collapsed in August 2023 under a mountain of debt and a bitter dispute with the Teamsters union, in what industry observers called the largest trucking bankruptcy in American history, according to NPR. Yellow had taken $700 million in pandemic-era federal loans just three years earlier, according to CNBC. Customers had already started routing freight away from Yellow in the weeks before the filing, wary of a looming strike that never fully materialized.