Differences

This shows you the differences between two versions of the page.

--- transportation:trucking [2025/04/01 21:36] – [Yellow Bankruptcy] timb
+++ transportation:trucking [2025/09/19 21:48] (current) – [Yellow Bankruptcy] timb
@@ Line 826: / Line 826: @@
 https://finance.yahoo.com/news/j-b-hunt-keeps-11-195916808.html
+== J.B. Hunt Says Most Customers ‘Waiting for the Dust to Settle’ on Tariffs ==
+Glenn Taylor - Thu, April 17, 2025 at 5:55 AM PDT
+With uncertainty in global trade set to compound the struggles already endured by many logistics companies amid a nearly three-year freight recession, the pressure is on for transportation and trucking provider J.B. Hunt.
+As J.B. Hunt’s customers currently plan for multiple “what-if” scenarios in the wake of President Donald Trump’s spate of tariffs, “most of them are waiting for the dust to settle on their short- and long-term business strategies,” said Spencer Frazier, executive vice president of sales and marketing, in an earnings call.
+https://finance.yahoo.com/news/j-b-hunt-says-most-125505784.html
@@ Line 1820: / Line 1834: @@
 https://finance.yahoo.com/news/yellow-creditors-agree-bankruptcy-plan-172112671.html
+== Yellow’s new bankruptcy plan revealed, next steps still uncertain ==
+A U.S. bankruptcy court in Delaware said it would delay a ruling to give Yellow's creditors and shareholder MFN Partners more time to negotiate a final resolution. (Photo: Jim Allen/FreightWaves)
+Todd Maiden - Mon, March 31, 2025 at 12:13 PM PDT
+An amended Chapter 11 bankruptcy plan outlining final distributions to Yellow Corp.’s creditors was submitted to a U.S. bankruptcy court in Delaware on Friday. As with the prior plan, the latest iteration would make former employees whole for their priority claims of unpaid time off and commissions due. The current version is backed by Yellow and the defunct estate’s committee of unsecured creditors but may not have the support of a key party in interest.
+Classes for secured, priority, employee PTO and convenience claims totaling as much as $706 million would see a full recovery under the proposed plan. Payout ratios for general unsecured claims were narrowed to 12% to 17% versus prior scenarios that provided 0% to 26% recovery. Claims and interests held by debtors against other debtors would be deemed impaired and not eligible for a recovery.
+Employee claims against Yellow (OTC: YELLQ) totaling $30 million to $40 million for “unpaid vacation or paid time off pay, sick pay, or sales commissions” remain unimpaired and subject to 100% recovery. This class of claims doesn’t include individual employee claims or Worker Adjustment and Retraining Notification Act claims.
+https://finance.yahoo.com/news/yellow-bankruptcy-plan-revealed-next-191333371.html
+== Yellow Corp. loses pension claims appeal ==
+Todd Maiden - Wed, September 17, 2025 at 12:37 PM PDT
+An effort from defunct Yellow Corp. and its majority shareholder MFN Partners to overturn a ruling requiring it to pay pension withdrawal liabilities was shot down in a federal appeals court on Tuesday.
+The U.S. Court of Appeals for the Third Circuit ruled with a federal bankruptcy court in Delaware, saying the fact that various pension funds Yellow once contributed to received federal bailout money doesn’t absolve the former less-than-truckload carrier from liabilities tied to its abrupt shutdown and exit from those plans.
+Employers party to multiemployer pension plans (MEPPs) are required to pay their allocable share of unfunded vested benefits when exiting a plan.
+Withdrawal liability claims attached to Yellow once totaled more than $6.5 billion, roughly $4.8 billion of which were held by Central States Pension Fund. Yellow argued that the plans are now fully funded following a 2021 pension fund bailout package and that it owes little to nothing to the plans that covered roughly 22,000 of its union employees.
+https://finance.yahoo.com/news/yellow-corp-loses-pension-claims-193724688.html