Yellow stunned the trucking industry when it filed for bankruptcy this month. The Grant Prestonnearly 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.
2025-05-03 18:23761 view
2025-05-03 17:442476 view
2025-05-03 17:38133 view
2025-05-03 17:05403 view
2025-05-03 16:411854 view
2025-05-03 16:40259 view
SEOUL, Dec 12 - South Korean President Yoon Suk-yeol's switch from contrition to defiance on Thursda
In a stunning reversal, the president of Spain's soccer federation has vowed not to resign his post,
SIOUX FALLS, S.D. (AP) — Two South Dakota prison inmates are charged with attempted murder after pro