Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.
A Thursday opinion from a federal bankruptcy judge said Yellow didn’t provide proper notification ahead of layoffs but its actions were in good faith, meaning the claims may be reduced.
Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.
Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.
A federal bankruptcy court has denied a request to reconsider its ruling on withdrawal liability claims against Yellow Corp.
A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.
Less-than-truckload carrier Saia saw a modest backup in financial results during the third quarter but reasserted confidence that it’s on the right path with its terminal growth strategy.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.
Yellow’s Chapter 11 plan before a federal bankruptcy court includes up to $100 million in payments to employees holding paid-time-off and commission claims.
A Wednesday court filing showed bankrupt Yellow Corp. will begin accepting indications of interest for its remaining terminals next week with the hope of closing the property sales in January.
A Delaware bankruptcy court denied a request to stay the deposition of Teamsters union leader Sean O’Brien regarding his involvement in failed negotiations with Yellow Corp. last year.
A Delaware bankruptcy judge said Friday that Yellow is on the hook for withdrawal liabilities but that the amounts will be capped.
Shortly after testifying about the days leading up to Yellow’s 2023 bankruptcy, its former head, Darren Hawkins, has taken on a new role leading the North American Chassis Pool Cooperative.
The BLS report for August showed another decline in truck transportation jobs and another increase in warehouse employment.
Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.
Teamsters union leader Sean O’Brien will have to appear at an in-person deposition that could determine the fate of up to $244 million in WARN Act claims against Yellow’s estate.
Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.
A shareholder-backed bankruptcy plan for Yellow Corp. would satisfy all allowed unsecured claims and leave shareholders with a real estate investment trust to manage the remaining properties.
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Yellow Corp., which is close to submitting a final Chapter 11 plan, can retain real estate broker CBRE to sell its remaining terminals, a Delaware bankruptcy court said Friday.
