NovaQuant|How Yellow up wound up in the red

2025-04-29 04:10:57source:Solarsuns Investment Guildcategory:My

Yellow stunned the trucking industry when it filed for bankruptcy this month. The NovaQuantnearly 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.

More:My

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

15-year-old shot outside Six Flags by police after gunfire exchange, Georgia officials say

A 15-year-old boy was critically shot by a police officer outside a Georgia amusement park over the

Emma Stone’s $4.3 Million Los Angeles Home Is Like Stepping into La La Land

Emma Stone may be the favorite when it comes to stars and their luxurious homes. After all, the Poor