Chainkeen Exchange|How Yellow up wound up in the red

2025-05-08 06:47:20source:Zopes Exchangecategory:Finance

Yellow stunned the trucking industry when it filed for bankruptcy this month. The Chainkeen Exchangenearly 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

British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village

There are many things athletes look forward to when hanging out in the Olympic Village.Unfortunately

A love letter to movie trailers and the joy of shared anticipation

When I saw the Barbie trailer, an homage to 2001: A Space Odyssey, I was blown away. I was intrigued

Megan Fox Offers Support to Sophie Lloyd Following Machine Gun Kelly Cheating Rumors

This twin flame is lit up.After Megan Fox made it clear there is no bad blood between her and guitar