Transport Topics (Aug. 14, 2023)
Yellow Corp. continues to work with potential financiers, including rival Estes Express Lines, that are offering alternative bankruptcy financing for the less-than-truckload company that\u2019s more affordable than a loan from lenders led by Apollo Global Management. Yellow lawyer Patrick Nash said Aug. 11 during a court hearing that funders are offering to provide a Chapter 11 loan to the company with payment priority behind Apollo and other lenders. Nash said Yellow expects to finalize a Chapter 11 loan this week. Its next appearance in bankruptcy court is scheduled for Aug. 15.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices