![]() ![]() Workers who remain at the company could be at risk of losing their jobs as the company moves through the bankruptcy process. That figure is likely smaller now after "a large number" of Yellow employees received layoff notices on Friday, the Wall Street Journal reported. ![]() Yellow employed roughly 30,000 people as of the end of 2020, a company filing shows. Last week, the company declined to contribute to its employees' pension and health insurance plans, nearly prompting a strike. The shutdown also comes amid its ongoing, and costly, conflicts with its employees. Yellow has repaid just $230 million of the principal it owed, in addition to $54.8 million in interest payments, government documents show. Going-to-the-Sun Road was closed at the East Tunnel for approximately three hours on Monday night while the park road crew cleared the rocks and a tow truck. Going to the Sun runs through Montana’s northern-most park and climbs 3,300 feet over the Continental Divide. The last fatal injury from rockfall on the Going-to-the-Sun Road was in 1996 when a vehicle was struck by a falling rock in the Rimrocks section of the road, just west of Logan Pass. The $729.2 million it now owes the federal government is due in September 2024. The beauty of this 50-mile road is rivaled only by its rugged history and intrigue. It ultimately settled the lawsuit and agreed to pay the Defense Department nearly $7 million. At the time of the loan, the company was facing charges of defrauding the government by overbilling on shipments for the U.S. Yellow Corp., a beleaguered trucking company that was once one of the U.S. ![]() Its fully open just a few months of the year, typically. The shutdown comes after Yellow failed to reorganize and refinance the roughly $1.5 billion dollars it had, as of March, in outstanding debt, a large portion of which came from the $700 million pandemic-era government loan. Going-to-the-Sun Road snakes 51 miles through the heart of Glacier National Park, passing idyllic views of mountains and streams. ![]()
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