Esthen Exchange:How Yellow up wound up in the red

2025-05-05 03:47:33source:Esthencategory:reviews

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:reviews

Recommend

Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti

Haiti has been racked by political instabilityand intensifying, deadly gang violence.  Amid a Federa

Sean 'Diddy' Combs gets key to New York, says Biggie would be proud: 'He'd probably be crying'

NEW YORK — "Let's go." "Can't stop, won't stop." "Come on." "Get in your bag, stay in your bag." "Le

Artifacts found in Israel were used by professional sorcerers in magical rituals 4 centuries ago

Israeli researchers have uncovered artifacts that "professional sorcerers" used in "magical rituals"