Yellow Corp. has asked a federal bankruptcy court in Delaware to approve the sale of four terminals valued at $6.85 million.
A federal bankruptcy court has approved the sale of additional Saia terminals.
Yellow Corp. has asked a federal bankruptcy court to approve four terminal sale agreements totaling $6.8 million.
Bankrupt Yellow Corp. has settled claims with two groups of employees who claim they were not properly notified ahead of mass layoffs in 2023.
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Yellow Corp. gets to exclusively oversee its liquidation for another 90 days, keeping shareholders’ hopes for recovery alive.
Yellow Corp. said it has paid a total of $851 million to the U.S. Treasury as repayment for a 2020 CARES Act loan.
Labor peace was won at what will be higher costs for shippers and carriers.
XPO said Tuesday it’s excited about a “once-in-a-generation” terminal acquisition that will facilitate the next decade of growth.
Saia posted across-the-board gains but its operating ratio worsened as it absorbed higher-than-expected costs.
More than one-third of shippers and brokers polled said they were still searching for a permanent less-than-truckload provider following Yellow’s exit.
The Teamsters union asked the U.S. Senate to look into Yellow’s bankruptcy proceedings as part of a broader review a judiciary committee is conducting on bankruptcy manipulation.
A U.S. bankruptcy judge approved several orders Friday, paving the way for Yellow to unload assets and repay creditors.
Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.
Forward Air’s August tonnage improved from July but likely came in lower than expected.
Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.
An enormous drop in truck transportation jobs in August is likely related to the shutdown of Yellow Corp.
A hedge fund with a stake in Yellow Corp.’s debt and equity is looking for more influence as the bankrupt company begins to unwind assets.
The saga of less-than-truckload carrier Yellow may be coming to a close based on reporting that Yellow’s senior vice president of sales told staff their last day would be this Friday, and that the carrier would file for bankruptcy on Monday.
A Yellow Corp. plan would consolidate two of its regional LTL networks with its YRC Freight national operation.
