Yellow – The News Desk

Yellow Rejects Bid to Revive the Collapsed Trucking Company

8Dec

By adminNo Comments

World

Yellow Rejects Bid to Revive the Collapsed Trucking Company

Updated Dec. 7, 2023 7:24 pm ETYellow rejected an offer to revive the bankrupt trucker and rehire thousands of its former workers, effectively ending a long-shot effort to reverse the collapse of one of the country’s biggest freight carriers. Lawyers for Yellow told the group seeking to resurrect the trucking company in a letter Wednesday that its bid was “not viable” and that Yellow is moving ahead with the sale of about 130 truck terminals that raised almost $1.9 billion at a bankruptcy auction this month. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Yellow Expects to Pay Back Private, Government Loans in Bankruptcy

10Aug

By adminNo Comments

World

Yellow Expects to Pay Back Private, Government Loans in Bankruptcy

Bankrupt trucking giant Yellow said it has enough real estate and equipment it can sell to cover $1.2 billion it borrowed from the U.S. government and private lenders led by Apollo Global Management.

Yellow, One of the Largest U.S. Truckers, Files for Bankruptcy After Shutting Down

7Aug

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World

Yellow, One of the Largest U.S. Truckers, Files for Bankruptcy After Shutting Down

The chapter 11 filing is likely to lead to a liquidation for the company.

6Aug

By adminNo Comments

Money

Meme Stocks Are a Thing—Again

Day traders are piling into meme stocks again, sending shares of Tupperware, Yellow and Rite Aid are soaring.

Cholesterol symptoms: THIS warning sign around your eyes could be due to high cholesterol

2Aug

By adminNo Comments

Entertainment

Cholesterol symptoms: THIS warning sign around your eyes could be due to high cholesterol

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U.S. Downgrade Sparks Selloff in Stocks and Bonds

2Aug

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Money

U.S. Downgrade Sparks Selloff in Stocks and Bonds

U.S. stocks and bonds suffered a wave of selling, sending Treasury yields to the highest levels of the year and major indexes toward their worst session in months.

1Aug

By adminNo Comments

Business

The Yellow Road to Bankruptcy

High labor and debt costs bring down the venerable trucking firm.

Why Trucking Company Yellow Verges on Collapse

29Jul

By adminNo Comments

World

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 been stalled by a standoff with the Teamsters union.

Yellow Lays Off a Large Swath of its Workforce, Winds Down Operations

29Jul

By adminNo Comments

World

Yellow Lays Off a Large Swath of its Workforce, Winds Down Operations

The debt-laden freight carrier dismissed parts of its sales force, business staff and IT workers as it prepares a bankruptcy filing.