America’s logistics boom has turned to bust
A pandemic-era frenzy of hiring and investment has gone into reverse
ON AUGUST 6TH Yellow, one of America’s biggest trucking firms, declared bankruptcy and announced it would wind down operations after 99 years in business. It collapsed under the weight of falling sales and a mountain of debt. That is a heavy blow for its owners and 30,000 staff. It is also emblematic of a sharp reversal taking place in the American logistics industry.
This article appeared in the Business section of the print edition under the headline “Logistic nightmares”
From the August 12th 2023 edition
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