Current:Home > InvestSurpassing:How Yellow up wound up in the red -Aspire Money Growth
Surpassing:How Yellow up wound up in the red
Algosensey Quantitative Think Tank Center View
Date:2025-04-11 11:14:18
Yellow stunned the trucking industry when it filed for bankruptcy this month. The Surpassingnearly 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.
veryGood! (37)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- What Will Kathy Hochul Do for New York Climate Policy? More Than Cuomo, Activists Hope
- Could New York’s Youth Finally Convince the State to Divest Its Pension of Fossil Fuels?
- Nordstrom Rack 62% Off Handbag Deals: Kate Spade, Béis, Marc Jacobs, Longchamp, and More
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Ben Stiller and Christine Taylor Make Rare Red Carpet Appearance With 21-Year-Old Daughter Ella
- A Key Nomination for Biden’s Climate Agenda Advances to the Full Senate
- Was your flight to Europe delayed? You might be owed up to $700.
- Sam Taylor
- Residents Want a Stake in Wisconsin’s Clean Energy Transition
Ranking
- The Daily Money: Spending more on holiday travel?
- With Coal’s Dominance in Missouri, Prospects of Clean Energy Transition Remain Uncertain
- Shop Plus-Sized Swimwear From Curvy Beach To Make the Most of Your Hot Girl Summer
- This week on Sunday Morning (July 9)
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Dozens hurt in Manhattan collision involving double-decker tour bus
- These Candidates Vow to Leave Fossil Fuel Reserves in the Ground, a 180° Turn from Trump
- RHONJ: Teresa Giudice and Joe Gorga Share Final Words Before Vowing to Never Speak Again
Recommendation
Sam Taylor
Elon Musk reinstates suspended journalists on Twitter after backlash
Clear Your Pores With a $9 Bubble Face Mask That’s a TikTok Favorite and Works in 5 Minutes
People in Lebanon are robbing banks and staging sit-ins to access their own savings
Travis Hunter, the 2
Climate Change is Weakening the Ocean Currents That Shape Weather on Both Sides of the Atlantic
India Is Now Investing More in Solar than Coal, but Will Its Energy Shift Continue?
Q&A: A Sustainable Transportation Advocate Explains Why Bikes and Buses, Not Cars, Should Be the Norm