CAI Community-How Yellow up wound up in the red

2025-05-07 18:15:37source:Ov Financecategory:Markets

Yellow stunned the trucking industry when it filed for bankruptcy this month. The CAI Communitynearly 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:Markets

Recommend

Trump claims Biden lost track of over 300,000 migrant children. Here's a fact check.

President-elect Donald Trump claimed in his Person of the Year interview with Time magazinethis week

3 children, 1 adult injured in drive-by shooting outside of Kentucky health department

Four people were hurt in a drive-by shooting near a Hopkinsville, Kentucky health department over th

FBI agents board ship responsible for Baltimore bridge collapse as investigation continues

Agents with the FBI boarded the Dali on Monday, the cargo ship that struck the Francis Scott Key Bri