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The Yellow Corp. auction names first winners
Yellow could raise over $2 billion after the auction of its terminals. Approximately a dozen transportation and real estate companies were named winners in the court-supervised auction, selling 75% of Yellow’s properties for an estimated total of $1.9 billion, as per a filing on Monday, December 4, in the Delaware Bankruptcy Court. Yellow Corp, the […]
Yellow: “All company operations have ceased”
The company sought federal protection and filed for bankruptcy. “Dear customers and employees. All company operations have ceased as of Sunday, July 30, 2023 at 12:00 p.m. m. EDT”. With this notice, Yellow closed its operations after 100 years of history in the industry in the United States. The company urged, in the same notice, […]
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