Ticker: US proposes 18% fuel economy increase for new vehicle fleet; The fate of U.S. trucking company Yellow Corp. isn’t looking good. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow’s ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. Yellow, formerly known as YRC Worldwide Inc., is one of the nation’s largest less-than-truckload carriers. The Nashville, Tennessee-based company has some 30,000 employees across the country.

The U.S. government wants to raise the fuel economy of new vehicles 18% by the 2032 model year so the fleet would average about 43.5 miles per gallon in real world driving.

The proposed numbers were released Friday by the National Highway Traffic Safety Administration, which eventually will adopt final mileage requirements.

Currently the fleet of new vehicles must average 36.75 mpg by 2026 under corporate average fuel economy standards adopted by the administration of President Biden, who reversed a rollback made by former President Donald Trump.

The highway safety agency says it will try to line up its regulations so they match the Environmental Protection Agency’s reductions in greenhouse gas emissions. But if there are discrepancies, automakers likely will have to follow the most stringent regulation.

Trucking company Yellow Corp. is reportedly preparing for bankruptcy

The fate of U.S. trucking company Yellow Corp. isn’t looking good.

After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow’s ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time.

Yellow, formerly known as YRC Worldwide Inc., is one of the nation’s largest less-than-truckload carriers. The Nashville, Tennessee-based company has some 30,000 employees across the country.