Bankruptcy News Updates

Business, Equipment

Judge Warns of Pitfalls in American Tire’s Bankruptcy Plan

The current debtor-in-possession financing plan could risk a lawsuit down the road, Judge Craig T. Goldblatt told lenders at a Nov. 19 hearing in Delaware.

November 20, 2024
Business, Equipment, For-Hire, Top 100

Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal

The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.

September 5, 2024
Government, Business, Equipment

Yellow Repays $700M COVID-Era Treasury Loan Plus Interest

Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.

February 6, 2024
Business, Logistics, For-Hire

Court Approves Sale of 128 Yellow-Owned Terminals

A Delaware court approved the sale of 128 freight terminals owned by bankrupt less-than-truckload carrier Yellow Corp., according to an audio recording of a Dec. 12 hearing.

December 12, 2023
Business, Logistics, For-Hire

Dark Horse Bidder Makes Second Offer for Yellow Assets

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.

December 7, 2023
Business, Equipment, For-Hire

Court Approves Yellow Administrators’ Auction Plans

A court on Oct. 27 approved plans by the administrators of Yellow to use auctioneers to sell the company’s rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.

October 30, 2023
Business, Equipment, For-Hire

Yellow Extends Bid Deadline for Trucks, Trailers

Yellow Corp. has rescheduled the bid deadline for its fleet of trucks and trailers, according to court documents related to the shuttered carrier’s ongoing bankruptcy proceedings.

October 15, 2023
Government, Business, Equipment

Court Approves Timeline for Sale of Yellow Terminals

A bankruptcy court on Sept. 15 approved a timeline for the sale of shuttered less-than-truckload carrier Yellow Corp.’s terminals, trucks and trailers, making some key dates public for the first time.

September 15, 2023
Business, Fuel

Analysts: Diesel Price Augurs Carrier Casualty Acceleration

Soaring diesel prices are likely to push more trucking companies out of business, especially smaller carriers, after casualties already spiked in the first two-thirds of the year.

September 15, 2023
Business, For-Hire

Yellow’s Terminals: Analysts Expect More Bids

Analysts are expecting more players to take part in an upcoming auction for the 169 terminals owned by Yellow Corp. beyond those who already have raised their hands.

August 24, 2023