yellow-corp

Yellow sale approved

A U.S. Bankruptcy judge on Dec. 12 approved bankrupt trucking company Yellow Corp to sell 130 of its real estate and shipping centers to 21 buyers for US$1.88 billion. U.S. Bankruptcy Judge Craig Goldblatt, in approving the sale during a court hearing in Wilmington, Delaware, said the bids were a “tremendous outcome” for Yellow and its creditors. Yellow Corp., the nearly 100-year-old trucking company, filed for relief under Chapter 11 of the ... [+]