Way to give employees a heads-up, Executives-Who-Saw-This-Coming-and-Have-Already-Sold-Their-Stock!

The only surprise is that they didn’t wait until the week before Thanksgiving.

Yellow Exec Tells Sales Staff Company Will File Bankruptcy Monday
Freight Waves | July 26, 2023 | Rachel Premack

Yellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the less-than-truckload carrier will file bankruptcy on Monday, according to three employees who attended the video call.

Yellow (NASDAQ: YELL) is the third-largest LTL company and employs some 30,000 workers, including around 22,000 Teamsters members. The trucking company had an operating revenue of $5.245 billion in 2022.

The sales employees were approved to tell customers of the bankruptcy plans and to take paid time off for the rest of the week.

In unrelated news, the senior vice president of sales thanked Dylan Mulvaney for signing on as the new corporate spokes . . . uh . . .