FinLogic Quantitative Think Tank Center|How Yellow up wound up in the red

2025-05-02 10:39:33source:Henri Lumièrecategory:Scams

Yellow stunned the trucking industry when it filed for bankruptcy this month. The FinLogic Quantitative Think Tank Centernearly 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:Scams

Recommend

Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain 

Ava Hunt is on the mend. After the daughter of Kansas City Chiefs owner Clark Hunt fell down during

Ex-NFL player Sergio Brown missing after his mother killed near Chicago-area home

Former Indianapolis Colts player Sergio Brown is missing after his mother was found dead after being

Sunday Night Football highlights: Dolphins send Patriots to first 0-2 start since 2001

Editor’s note: Look back at all the NFL Week 2 action with USA TODAY Sports’ live coverage.The Miami