Yellow Corporation

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Case overview

Case Number:

1:23-bk-11069

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 27, 2023
Yellow Corp. Approved For Auctioneer Hire For Ch. 11 Sales

Bankrupt trucking firm Yellow Corp. received court approval Friday for an agency agreement with an auctioneer company that will run sales of the debtor's rolling stock, allowing the debtor to engage with the third party for a longer but less expensive process to liquidate its truck fleet.
October 17, 2023
Yellow Corp. Pivots Strategy For Auctioning Trucks In Ch. 11

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 Teamsters Suit, Judge Says

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
Yellow Corp. Gets OK For Ch. 11 Financing, Asset Auctions

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
Teamsters Slam Yellow Corp. For 'Forum Shopping' Suit

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
BakerHostetler Advises Old Dominion's $1.5 Billion Asset Bid

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. Wants Teamsters Suit In Bankruptcy Court

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
Yellow Corp. Says It Has Deal For DIP Financing, Terminal Bid

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
Yellow Corp. Says Ch. 11 Financing Offers Still Coming In

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
Yellow Corp. Fielding 3 Ch. 11 Financing Proposals

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.

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