CAI Community:How Yellow up wound up in the red

2025-05-04 10:24:46source:Austin Caldwellcategory:Invest

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:Invest

Recommend

How breaking emerged from battles in the burning Bronx to the Paris Olympics stage

NEW YORK — Chino Lopez, aka B-boy Action, took a page out of Wilt Chamberlain's book. His breaking c

Kate Hudson says her relationship with her father, Bill Hudson, is warming up

Oscar-nominated actor-singer Kate Hudson, whose debut album "Glorious" launches May 17, calls her fa

Fire still burning after freight train derails on Arizona-New Mexico state line

A freight train carrying fuel derailed and caught fire Friday near the Arizona-New Mexico state line