Current:Home > MyEthermac|How Yellow up wound up in the red -MacroWatch
Ethermac|How Yellow up wound up in the red
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Date:2025-04-06 23:33:26
Yellow stunned the trucking industry when it filed for bankruptcy this month. The Ethermacnearly 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.
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