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 ...
Struggling Yellow is slipping closer to the end of the road, with signs that bankruptcy could come as early as Monday.
Yellow is the third-largest less-than-truckload (LTL) carrier in the US, with 30,000 employees and operating revenues last year of $5.24bn.
According to a report in Freightwaves, Yellow’s EVP of sales, in a video call on Wednesday, told her staff management would proceed with a bankruptcy filing on Monday.
However, the publication reported this was retracted later that day in a statement that ...
Comment on this article
Gerry Jackson
July 28, 2023 at 3:25 pmAmazing? You wrote that entire article without once writing the company’s full name. Such omissions and heavy use of unnamed acronyms is characteristic of this publication.
Alessandro Pasetti
August 03, 2023 at 8:56 amThanks for the feedback Gerry, on this specific occasion Loadstar could have spelled out the full Yellow Corp company name. Re: “Such omissions and heavy use of unnamed acronyms is characteristic of this publication” – amazing: we are glad you are one of the very few holding that view regarding our ex-paywall product. Thanks again.