News / Creditors throw a lifeline to struggling US trucking group Yellow

Struggling Yellow Freight has been thrown a lifeline by its creditors, but getting the vital support from its workforce remains a headache.

The spectre of bankruptcy has been averted, for now, after the trucking company’s debtors agreed to amended loan deals, under which they temporarily waive certain loan requirements in return for increased financial oversight.

These include a waiver for the six-month period to 30 September from term loan lenders. Beyond these agreements, Yellow management is seeking permission to defer select health and ...