Updated Dec. 7, 2023 7:24 pm ET
Yellow 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.
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