在周日向特拉华州法院提交的美国破产法第 11 章文件中,该公司估计资产为 21.5 亿美元,负债为 25.9 亿美元。该公司预计将签订一项债务人持有资产(DIP)融资协议,以提供流动性以出售其资产并支付工资和供应商费用。Yellow’s bankruptcy marks the largest filing in U.S. trucking history. Yellow had 30,000 ...
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing. The post Yellow searching for better bankruptcy financing terms appeared first on FreightWaves . APO:173.00(+0.38%) YELL:1.1000(-29.03%)
Drivers walk to their trucks while working at YRC Worldwide Inc. in Carlstadt, New Jersey, U.S., on Thursday, Dec. 31, 2009. YRC Worldwide Inc. bondholders agreed to swap their debt for equity in the largest U.S. trucker, enabling the company to avoid a bankruptcy filing that ...
What will happen to Yellow's customers? Some of its largest clients, including retailers Walmart and Home Depot, and logistics platform Uber Freight have already halted shipments to the failing carrier company to prevent goods from being lost or abandoned in the event of bankruptcy, Reuters repor...
There were reports last week that a bankruptcy filing would come by July 31, although the company said last week only that it continued to be in talks with the Teamsters and that it was considering all of its options. The Teamsters said Monday the company is filing for bankruptcy. ...
Bankruptcy Court for the District of Delaware.More... Sector Industrials Industry Cargo Ground Transportation Employees 30,000 Founded 1924 Address 11500 Outlook Street Overland Park, KS, 66211 United States Phone Number 913 696 6100 Website www.myyellow.com...
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Yellow has an incentive to break the company into pieces — or restructure it into something unrecognizable — to avoid its obligation to the Teamsters’ collective bargaining agreement, said Bruce Markell, a former bankruptcy judge who now teaches at Northwestern...