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Big-Company Bankruptcies Hang Over Economy
Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link
Apollo-Led Lenders Sell Yellow Loan to Citadel
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link
How Yellow's Downfall Is Rippling Through the Economy
The trucker’s competitors are reaping a windfall of business, while customers face rising shipping costs. Source link
Yellow Files for Bankruptcy After Shutting Down
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal
How the Yellow Shutdown Unfolded for Employees
The sudden collapse of Yellow left thousands of workers stranded. Here are some of their stories. Source link
Yellow's Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by
Why Trucking Company Yellow Verges on Collapse
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has
Yellow in Talks to Sell Its Logistics Business
The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing. Source link
Trucker Yellow Prepares to File for Bankruptcy as Customers Flee
Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight
Teamsters Push Back Strike Threat at Trucker Yellow
The union says a key pension and benefits fund agreed to maintain healthcare coverage after debt-laden Yellow missed a monthly contribution. Source link