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Tag: Yellow

Local News

Bankrupt trucking company Yellow fully repays $700M CARES Act loan — plus $151M more in interest

Yellow Corp., a bankrupt trucking company previously based in Overland Park, repaid a $ 700 million loan it received from the U.S. Treasury with interest, but the value of nearly 16 million shares owned by…

Local News

In Yellow bankruptcy, pension fund, governments and other unsecured creditors could come up short

Once the bankrupt trucking company satisfies three big debts totaling about $ 1.2 billion, the remaining unsecured creditors will face real challenges being made whole. This includes the pension fund for union workers: Its claim…

Local News

Yellow is starting mass layoffs and preparing to file bankruptcy soon, employees say

Based on provided tips and posts to Reddit, it appears that Yellow is laying off the bulk of its non-union employees and preparing for an imminent bankruptcy filing. Company officials have not responded to requests…

Local News

Teamsters balk at new concessions as Nashville-based Yellow Corp. tries to avoid bankruptcy

With a massive debt problem hanging over it, Nashville-based Yellow Corp. says that to avoid bankruptcy it needs additional concessions from International Brotherhood of Teamsters workers. But the union says its members already have given…

Local News

Yellow Corp. cuts one of its C-suite positions

Yellow Corp. moved its headquarters to Nashville from the Kansas City area earlier this year. Nashville Business News – Local Nashville News | The Nashville Business Journal

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