Saia to reopen 6 former Yellow terminals in August
Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.
Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.
Creditors to Yellow’s estate say professional fees are racking up while its advisers delay a realistic Chapter 11 plan in hopes of producing an unlikely recovery for shareholders.
Republican lawmakers are leaning on the Department of Justice to provide an update on an investigation into more than 60 multiemployer pension plans that were overpaid from a government bailout package.
Yellow’s non-pension-affiliated creditors as well as its shareholders may soon know the fate of their stake in the defunct less-than-truckload carrier’s estate.
Less-than-truckload carrier Saia announced two new terminal openings on Monday and said it will now open 18 to 21 terminals this year versus a prior expectation of 16.
Forward Air said Wednesday that interim Chief Financial Officer Jamie Pierson will assume that role on a permanent basis and that it has added James Faught as chief accounting officer.
Less-than-truckload carrier Saia continues to open terminals acquired from bankrupt Yellow Corp.
Forward Air announced it has hired two-time YRC Worldwide chief financial officer Jamie Pierson.
Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.
The outcome of nearly 25,000 claims by employees that Yellow Corp. gave inadequate notice before mass layoffs may not be resolved this year.
Less-than-truckload carrier Saia has opened two terminals as part of a plan to open up to 20 this year.
A Delaware bankruptcy court overseeing Yellow’s liquidation said Wednesday it will hear the case regarding nearly $8 billion in pension withdrawal liability claims against the estate.
Yellow’s breach-of-contract suit against the Teamsters union has been dismissed by a federal court in Kansas.
A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.
Yellow’s estate is roughly halfway through the liquidation of more than 300 terminals, a court order showed Friday.
2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.
A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.
A Delaware bankruptcy court approves the first round of Yellow’s terminal sales.
Yellow Corp. has reportedly rejected a bid that would resurrect the company from bankruptcy.
A Delaware bankruptcy court filing shows several prominent less-than-truckload carriers hold $1.9 billion in winning bids for 130 of Yellow’s terminals.