Hill: Yellow bankruptcy serves as warning about government loans

Box trailers and trucks are seen at a Yellow Corp. trucking facility in Nashville, Tenn., in this July 31, 2023 file photo. At right inset, U.S. Rep. French Hill, R-Ark., is shown in an undated courtesy photo. Yellow is shutting down after years of financial struggles and growing debt. (AP/George Walker IV)

WASHINGTON -- U.S. Rep. French Hill, R-Ark., says there are lessons for the federal government in Yellow Corp.'s bankruptcy: Government officials need to "think long and hard" about issuing loans to companies, and if an agency has such authority, there should be strict rules in place.