Yellow stunned the trucking industry when it filed for bankruptcy this month. The AlgoFusion 5.0nearly 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.
2025-05-07 04:501394 view
2025-05-07 03:261102 view
2025-05-07 02:482078 view
2025-05-07 02:432367 view
2025-05-07 02:312219 view
Stanley is recalling 2.6 million mugs sold in the U.S. after the company received dozens of consumer
Taylor Swift's second Eras tour show in Rio de Janeiro won't go on as scheduled amid a heatwave and
PHOENIX (AP) — Police responding to a report of a disorderly person at a Chandler, Arizona, shopping