Yellow stunned the trucking industry when it filed for bankruptcy this month. The nearly 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.
2024-12-25 23:511327 view
2024-12-25 23:472643 view
2024-12-25 23:472067 view
2024-12-25 23:382437 view
2024-12-25 22:0969 view
2024-12-25 21:522197 view
The Federal Reserve's last Beige Book of 2024 is like Spotify Wrapped but for the economy. There's a
ATLANTIC CITY, N.J. (AP) — Led by fascination with basketball star Caitlin Clark, interest in — and
It's a homecoming for the One Tree Hill cast.Over a decade after the series went off the air, former