October 17, 2023
Bankrupt trucking company Yellow Corp. has asked a Delaware bankruptcy court to give speedy approval to its retention of an auction agent to sell off its rolling stock, saying it needs to depart from its bidding procedures order because it doesn't have the resources to conduct the sale process on its own.
October 12, 2023
Yellow Corp. can't transfer its suit against the Teamsters seeking $137 million in damages to bankruptcy court, a Kansas federal judge ruled in a decision docketed Thursday, finding the company couldn't have taken this case to Delaware federal court under federal labor law jurisdiction requirements.
September 15, 2023
A Delaware bankruptcy judge Friday gave trucking firm Yellow Corp. final approval to take out more than $212 million in Chapter 11 financing and to put its rolling stock and real estate up for auction over the next two months.
August 29, 2023
The International Brotherhood of Teamsters has accused Yellow Corp. of "brazen forum shopping" by trying to move claims the union drove the trucking company into Chapter 11 into bankruptcy court before the union's motion to dismiss the case can be heard.
August 22, 2023
Attorneys at BakerHostetler had about 10 hours to put together a $1.5 billion stalking horse bid last week for trucking company Yellow Corp.'s 174 truck terminals.
August 21, 2023
Yellow Corp.-operated companies YRC Freight and USF Holland LLC told a Kansas federal judge that, because Yellow has filed for Chapter 11 bankruptcy protection, its suit in Kansas alleging the International Brotherhood of Teamsters sank the company should be transferred to the Delaware Bankruptcy Court.
August 17, 2023
Trucking firm Yellow Corp. told a Delaware bankruptcy judge Thursday it has reached an "agreement in principle" for $142.5 million in Chapter 11 financing and a $1.2 billion offer for its truck terminals.
August 11, 2023
Trucking firm Yellow Corp. told a Delaware bankruptcy judge Friday that it has received yet more offers to finance its Chapter 11 case and will be asking the court to approve one of the proposals next Tuesday.
August 09, 2023
Trucking firm Yellow Corp. told a Delaware bankruptcy judge Wednesday it is looking at three competing Chapter 11 financing proposals to determine which will give it the most freedom to maximize the returns from its liquidation.
August 08, 2023
An employee laid off by bankrupt trucking firm Yellow Corp. filed a proposed class action adversary proceeding in the company's Chapter 11 case, saying Yellow violated the WARN Act by laying off 30,000 workers with no advance notice.