Companies have invested nearly $2 billion to acquire terminal assets from Yellow, comprising 128 properties and 25 leases.

A bid to acquire the remaining assets of bankrupt Yellow Corp. might be back on track, as a ballot sent to local union heads suggests.

Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.

The U.S. Bankruptcy Court has given the green light to Yellow Corp.'s sale of 23 terminal leases to various buyers, totaling $82.89 million.

Estes has been officially approved as the real estate stalking horse bidder for Yellow's terminals, setting the minimum valuation for these assets in the bankruptcy proceedings.

It can be a very value-maximizing process," says bankruptcy attorney George Singer about the potential bidding war for Yellow Corp.'s real estate.

The International Brotherhood of Teamsters has rejected Yellow Corp.'s attempt to blame the union for the company's financial troubles leading to bankruptcy.

Yellow Corp., a prominent US trucking company with a history of nearly 100 years, has filed for bankruptcy, leading to the closure of its business and leaving 30,000 employees without jobs.

Yellow Corp. is facing a class-action lawsuit by a laid-off employee, Armando Rivera, who alleges that the company failed to provide the required 60 days' notice before mass layoffs affecting approximately 30,000 workers.

Less-than-truckload carrier Yellow Corp. has ceased operations after nearly 100 years in business, leading to disruptions in the broader LTL market.

Yellow Freight, one of the nation's largest trucking companies, recently closed down, leaving nearly 30,000 union truckers jobless.

TFI International's U.S. less-than-truckload operation, TForce Freight, experienced a significant increase in daily shipments, around 3,000, following the announcement of rival Yellow Corp.'s closure.

The possibility of a strike at UPS and the potential insolvency of Yellow, a prominent less-than-truckload (LTL) trucking company, has raised concerns among analysts about the impact on the parcel and LTL segments.

Yellow Corp, a less-than-truckload carrier, has failed to make its required pension contributions for June and plans to withhold payments for July, leading the Teamsters union to threaten a strike.

A Congressional report released on Tuesday revealed significant problems with the Treasury Department's $700 million loan to Yellow Corp. as part of a COVID-19 relief program in 2020.

Yellow Corp. has filed a lawsuit against the International Brotherhood of Teamsters, accusing the union of breaching their contract, obstructing the company's restructuring plans, and endangering its operations to the point of potential asset liquidation.