FW: Yellow’s Chapter 11 plan includes rights offering, REIT
FREIGHTWAVES reports: A final Chapter 11 plan to liquidate Yellow’s remaining assets could include a reorganization ...
After 99 years, Yellow Corp is no longer a going concern.
On 7 August, management filed for bankruptcy, but the company had closed its gates on 30 July and stopped picking up freight about two weeks ago. Now people are wondering about the fallout.
Yellow’s collapse, reportedly the largest bankruptcy in US trucking, put 30,000 employees out of work. The company had struggled for years, but the final act saw a dramatic increase in speed: customers were leaving the ailing firm in ...
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