Esthen Exchange-How Yellow up wound up in the red

2025-05-06 19:59:39source:verdicoincategory:Contact

Yellow stunned the trucking industry when it filed for bankruptcy this month. The Esthen Exchangenearly 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.

More:Contact

Recommend

Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor

NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell

Trump wants to narrow his deficit with women but he’s not changing how he talks about them

GASTONIA, N.C. (AP) — Donald Trump says he will be the “protector” of women, whether they like it or

James Van Der Beek Apologizes to Loved Ones Who Learned of His Cancer Diagnosis Through the Media

James Van Der Beek knows cancer doesn’t have a rule book.So when the Dawson’s Creek alum had to fast