Business, Private

Old Dominion Tops Estes’ Bid for Yellow Terminals

Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s 169 terminals out of bankruptcy, more than a previous offer from Estes Express Lines.

Jonathan Randles | Bloomberg News
August 19, 2023
Government, Business, Equipment, For-Hire

Citadel 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.

Jonathan Randles | Bloomberg News
August 16, 2023
Business, Fuel

Lordstown Settles Karma Lawsuit for $40 Million

Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.

Jonathan Randles | Bloomberg News
August 15, 2023
Government, Business, Technology, Fuel

Lordstown Ordered to Face Trial Despite Bankruptcy

A Delaware judge permitted vehicle maker Karma Automotive to move forward with an upcoming trial in California against Lordstown Motors Corp. despite Lordstown's filing for bankruptcy.  

Jonathan Randles | Bloomberg News
July 27, 2023