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YELL / Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports

Yellow stock rallies more than 12%; trucking company laid off workers, WSJ reports
Yellow Corp. YELL, +24.02% laid off “a large number” of workers on Friday, as the trucking company's prospects sour following steep debt, fleeing customers and the threat of a Teamsters strike, the Wall Street Journal reported. The layoffs affected Yellow's sales, business-operations and technology teams, but not its union drivers or freight handlers, the Journal said, citing people familiar with the matter. Read More
Posted: Jul 28 2023, 16:08
Author Name: Market Watch
Views: 101992

YELL News  

Trucking giant Yellow paid execs $4.6M after bankruptcy left 30K jobless

By New York Post
September 15, 2023

Trucking giant Yellow paid execs $4.6M after bankruptcy left 30K jobless

Yellow dished out $4.6M in bonuses to its top execs weeks before declaring bankruptcy. Over half of the sum was for retention bonuses as the company c more_horizontal

Trucking firm Estes Express submits revised $1.525 bln bid for Yellow's shipment centers

By Reuters
September 13, 2023

Trucking firm Estes Express submits revised $1.525 bln bid for Yellow's shipment centers

Trucking firm Estes Express has submitted a revised stalking horse bid worth $1.525 billion in cash for bankrupt Yellow Corp's shipment centers, accor more_horizontal

Yellow bankruptcy sparks bidding war, $1.5 billion bid submitted for trucking terminals

By Fox Business
August 21, 2023

Yellow bankruptcy sparks bidding war, $1.5 billion bid submitted for trucking terminals

Yellow Trucking company filed for chapter 11 bankruptcy in early August and now companies are beginning to bid for the company's assets, which include more_horizontal

Estes Express Offers $1.3 Billion For Ex-Rival Yellow's Terminals—After 99-Year-Old Trucker Declared Bankruptcy

By Forbes
August 17, 2023

Estes Express Offers $1.3 Billion For Ex-Rival Yellow's Terminals—After 99-Year-Old Trucker Declared Bankruptcy

Unless they're outbid, Yellow Corp.'s former competitor, Estes Express Lines could buy all its terminals. more_horizontal

YELL Stock Alert: Insiders Dumped Shares Before Yellow Trading Suspension

By InvestorPlace
August 17, 2023

YELL Stock Alert: Insiders Dumped Shares Before Yellow Trading Suspension

Another meme stock has lost its spot on a major exchange. Yellow (OTCMKTS: YELLQ ) began August on a high note when short squeeze momentum pushed it u more_horizontal

YELL Stock: Nasdaq Suspends Trading in Yellow

By InvestorPlace
August 16, 2023

YELL Stock: Nasdaq Suspends Trading in Yellow

Yellow (OTCMKTS: YELLQ ) stock has been suspended from trading on the Nasdaq under the YELL stock ticker. Indeed, as of today, the trucking company is more_horizontal

Yellow Trucking's bankruptcy filing spurs run-up in transport stocks

By CNBC Television
August 16, 2023

Yellow Trucking's bankruptcy filing spurs run-up in transport stocks

CNBC's Frank Holland joins 'The Exchange' to discuss Yellow trucking declaring bankruptcy, a redistribution across competitors in the trucking market more_horizontal

YELL Stock Alert: Yellow Receives MORE Bankruptcy Loan Offers

By InvestorPlace
August 11, 2023

YELL Stock Alert: Yellow Receives MORE Bankruptcy Loan Offers

After hitting a fresh low two weeks ago at 43 cents per share, now-defunct trucking company Yellow (NASDAQ: YELL ) has been on a turbulent ride. Sha more_horizontal


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