Novacrypt|How Yellow up wound up in the red

2025-05-02 12:57:59source:Indexbit Exchangecategory:Finance

Yellow stunned the trucking industry when it filed for bankruptcy this month. The Novacryptnearly 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:Finance

Recommend

Federal agencies are reeling from Trump administration cuts to government

Whether a "chainsaw," per Elon Musk, or "scalpel," as President Trump has said — the Trump administr

Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas

A federal court on Wednesday affirmed a federal judge’s 2021 ruling imposing a $14.25 million penalt

Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?

Taylor Swift can officially run for president, if she wanted. The singer turned 35 on Friday the 13t