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Trucking giant yellow files for bankruptcy.

Plus, why inflation data has been royaling markets and could do so again this week

and the specter of $100 oil.

In some cities, we've seen up to 30 or 40 cent jumps per gallon in just a week's time.

So depending on whether you fill up your tank on a Monday versus a Thursday,

you could be paying $3, $4, $5 more for that entire tank of gas than you would have beforehand.

It's Monday, August 7th. I'm Luke Vargas for the Wall Street Journal.

And here is the AM edition of What's News.

The top headlines and business stories moving your world today.

Trucking company yellow has filed for bankruptcy and plans to begin selling assets,

which include some 12,000 trucks and dozens of freight terminals across the U.S.

Sunday's Chapter 11 filing also means the loss of 30,000 jobs,

including 22,000 positions held by members of the International Brotherhood of Teamsters.

The Union and Yellow CEO, Darren Hawkins, have been sparring over what was to blame for yellow's

demise. Hawkins blamed the Union, citing protracted labor negotiations that culminated in

Teamsters blocking a proposed operational overhaul this spring, while a Teamsters spokesman said

that workers had kept the company afloat for over a decade through concessions on wages and benefits.

And labor tensions at yellow are just one example of how surging demands on transport workers

...