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:

August 23, 2024
Chapter 11 Check-In: Yellow Corp.'s $1.5B Bankruptcy

It's been more than a year since national trucking giant Yellow Corp. landed in Delaware's bankruptcy court following contentious union negotiations. Despite pulling in over $2 billion from asset sales and paying off $1.5 billion in debt, Yellow's road out of Chapter 11 has been stalled by high-stakes litigation and claims disputes.
August 23, 2024
Yellow Corp. Hires CBRE For Truck Terminal Sales In Ch. 11

A Delaware bankruptcy judge on Friday approved trucking company Yellow Corp.'s bid to hire CBRE Inc. to help broker sales and subleases of the debtor's roughly 116 truck terminals and other industrial properties.
August 06, 2024
Yellow Corp., Pensions Spar In $7.8B Withdrawal Liability Row

A Delaware bankruptcy judge declined to rule Tuesday on competing motions for summary judgment filed by trucking firm Yellow Corp. and Central States Pension Fund in a $7.8 billion dispute over Yellow's withdrawal from multistate employee pension programs, saying he needed more time to consider the issue.
July 17, 2024
Yellow Corp. Says It Has No Pension Withdrawal Liabilities

Bankrupt trucking firm Yellow Corp. hit back at a motion for summary judgment sought by multiple pension funds including Central States Pension Fund, telling a Delaware bankruptcy court that it has no withdrawal liability for backing out of a multistate pension fund for truckers.
July 15, 2024
PBGC Seeks Early Win In $7.8B Pension Fight In Yellow Ch. 11

The Pension Benefit Guaranty Corp. has filed a motion for partial summary judgment in the Chapter 11 case of trucking firm Yellow Corp., telling a Delaware bankruptcy judge the $7.8 billion dispute over Yellow's withdrawal from multistate employee pension programs is a pure question of law that can be decided in the PBGC's favor.
July 10, 2024
$6B Yellow Corp. Pension Fund Fight Set For August Hearing

A Delaware bankruptcy judge said Wednesday he would schedule a hearing in August to resolve competing motions for summary judgment on Yellow Corp.'s objection to several pension plans' claims for more than $6 billion in retirement-fund withdrawal liability.
June 03, 2024
Yellow Corp. Gets Another 3 Months To Control Ch. 11 Case

Trucking firm Yellow Corp. received a new 90-day extension of the period during which it has the exclusive right to file a Chapter 11 plan, with a Delaware bankruptcy judge ruling Monday the debtor should be given more time to pursue its reorganization goals, which have thus far resulted in the full repayment of its funded debt.
May 21, 2024
Yellow Corp. Seeks Ch. 11 Plan Extension After $2B In Sales

Bankrupt trucking firm Yellow Corp. has asked a Delaware judge to extend the period during which it has the exclusive right to file a Chapter 11 plan for the third time, touting its nearly $2 billion in real estate sales that it says have allowed it to pay off its secured debts.
April 19, 2024
Creditor Committee Backs Yellow In Pension Fund Fight

The official committee of unsecured creditors in Yellow Corp.'s Chapter 11 bankruptcy has largely backed an objection from the debtor to several pension plans' claims for retirement-fund withdrawal liability, while saying it hopes the issues can be resolved quickly to reduce costs.
April 18, 2024
Yellow Corp. Likely Able To Keep Some Leases For Later Sales

A Delaware bankruptcy judge said Thursday he would probably approve troubled trucking company Yellow Corp.'s bid to assume more than 70 leases, but told the debtor and its landlords he needed until Friday to make a final decision.