Bankruptcy News Updates

BusinessEquipmentFor-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
GovernmentBusinessEquipment

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
BusinessFuel

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
BusinessFor-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
BusinessPrivate

Old Dominion Tops Estes’ Bid for Yellow Terminals

Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s 169 terminals out of bankruptcy, more than a previous offer from Estes Express Lines.

August 19, 2023
GovernmentBusinessEquipmentFor-Hire

Estes Offers $1.3 Billion for Yellow Terminals

Estes Express Lines is in line to buy the terminals of bankrupt less-than-truckload rival Yellow Corp. after submitting a $1.3 billion bid, a court heard Aug. 17.

August 17, 2023
BusinessFuel

Lordstown Settles Karma Lawsuit for $40 Million

Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.

August 15, 2023
GovernmentBusinessEquipmentFor-Hire

Yellow Looks to Finalize Bankruptcy Loan

Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.

August 11, 2023
GovernmentBusinessFor-Hire

Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts

Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.

August 9, 2023
GovernmentBusinessLogistics

Cargo Airline Western Global Goes Bankrupt

Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.

August 7, 2023