Update: Yellow Repays $700M Pandemic-Era Loan to Treasury Dept.
The auction of Yellow's assets is continuing as sales of the bankrupt carrier's terminals are funding debt repayments.
February 8, 2024Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
Managing Financial Risk During COVID
A financial services adviser urged trucking companies to learn as much as possible about new and existing customers’ ability to pay their bills, as navigating the post-pandemic economy will bring with it new challenges.
Noble Corp. Files Bankruptcy to Erase $3.4 Billion of Debt
Offshore drilling contractor Noble Corp. filed for bankruptcy with a plan to cut more than $3.4 billion of debt.
Trucking Sees Rise in Acquisitions
The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping.
New England Motor Freight Increases Severance Packages for Employees
About 2,500 workers will get additional severance pay from New England Motor Freight, a New Jersey-based carrier that declared bankruptcy in February, according to an attorney representing terminated employees.