In response to its union’s unwillingness to negotiate and alleging it is blocking much-needed operational changes, the nation’s third-largest less-than-truckload (LTL) carrier Yellow Corp. (YELL) has filed a $137 million lawsuit against the International Brotherhood of Teamsters (IBT). 

Back in March, IBT rejected Yellow’s proposals to consolidate operations at some of its terminals and eliminate duplicate drivers. Sales of the existing terminals would help Yellow pay off some of its $1.6 billion debt. 

Read More