What the chapter of a nationwide trucking big means for Maine

The trucking big Yellow Corp. filed for chapter safety in late July, idling a minimum of 77 Maine employees and creating worries that the price for freight will rise and filter right down to client items.

Nashville-based Yellow is called a low-cost provider for large field shops, so increased costs attributable to its shutdown might present up quickly, together with in Maine. The closure additionally will have an effect on product suppliers, truck upkeep firms and insurers in Maine, Brian Parke, CEO of the Maine Motor Transport Affiliation, stated.

Yellow’s collapse follows traditionally busy exercise through the peak of the COVID-19 pandemic in 2020 and 2021, when individuals have been house and ordering closely on-line, Rachel Premack, editorial director of FreightWaves trucking information, stated. However shoppers shifted to spending cash on companies slightly than items within the spring of 2022, inflicting a dip in trucking enterprise.