KEY POINTS
  • Bankruptcy-bound trucking firm Yellow received $700 million in Covid pandemic relief loans three years ago, after Trump administration officials pushed for it despite objections from the Defense Department.
  • And Yellow has repaid just $230 out of the $729.2 million in principal it still owes the U.S. Treasury for those loans, according to a government watchdog's report in May.
  • The Teamsters Union, which represents Yellow workers, blasted the freight carrier in a statement Sunday and highlighted the Covid loans.

In this article

Yellow Corp. box trailers sit at a terminal on June 28, 2023 in Medley, Florida.

Bankruptcy-bound trucking firm Yellow received a whopping $700 million in Covid pandemic relief loans three years ago after Trump administration officials pushed for it despite objections from the Defense Department.

Yellow has repaid just $230 out of the $729.2 million in principal it still owes the U.S. Treasury for those loans, according to a government watchdog's report in May. That single payment was made in June 2021.

In this article