Surpassing|How Yellow up wound up in the red

2025-05-06 02:18:53source:Marc Leclerccategory:Finance

Yellow stunned the trucking industry when it filed for bankruptcy this month. The Surpassingnearly 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.

More:Finance

Recommend

Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles

SAINT-DENIS, France — Some athletes adopt the mindset that they don’t lose, they learn. Jamaican spr

Shooting at a gathering in Baltimore leaves 1 dead and 7 others wounded, police say

BALTIMORE (AP) — A shooting at a gathering in Baltimore has left one person dead and seven others wo

Oklahoma State to wear QR codes on helmets to assist NIL fundraising

STILLWATER, Okla. (AP) — Oklahoma State will wear QR codes on its helmets this season linking to the