September 1, 2023
While Yellow’s turmoil is increasing pressures faced by businesses that must transport products, finance leaders have been preparing for the event for some time and, experts say, as a result the disruptions and price impacts stemming from the bankruptcy are anticipated to be relatively mild.
“I don’t think there was a lot of surprise…People were preparing for this for months,” Scott Pruneau, CEO of third party logistics company ITS Logistics, said. “Freight had been moving to other providers so some of that volatility is already being baked in.”
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