Yellow stunned the trucking industry when it filed for bankruptcy this month. The nearly hundred-year old company said it will lay off 30,000 employees and liquidate all of its assets. On today's show, a glimpse into Yellow's bankruptcy process: who's blaming who for what, and an explainer on a specific type of loan - the debtor in possession financing - which promises some rich returns to the lender in this case.
For more on challenges in the trucking industry check out our story on the spot market and the so-called freight recession.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
2024-12-25 00:322012 view
2024-12-25 00:222872 view
2024-12-24 23:401113 view
2024-12-24 23:172061 view
2024-12-24 22:471609 view
2024-12-24 22:182937 view
A twinning moment is born. Gigi Hadid and Bradley Cooper—who have been quietly linked since October
The FedEx driver who threw 400 packages valued at almost $40,000 into an Alabama ravine has pleaded
When someone drove an SUV off a fishing pier as the sun rose on Saturday in Virginia Beach, first re