Transport Topics (Aug. 8, 2023)
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing for the nearly 100-year-old company to wind down operations. Yellow will seek to restructure its estimated $1.5 billion in debt, which includes more than $700 million owed to the U.S. government. The company\u2019s operation includes 300 facilities, a fleet of more than 12,500 trucks and 42,000 trailers.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices