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January 1, 2027
Resolves YES if any North American trucking company with >$1 billion in trailing 12-month revenue as of Jan 1, 2026 announces permanent cessation of operations (not just bankruptcy/restructuring) during 2026. Otherwise NO.
Yellow's 2023 collapse with $5B in revenue was the largest trucking failure in US history. A similar event in 2026 would reshape competitive dynamics, create temporary capacity crunches, and trigger rate volatility.