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--- transportation:trucking [2025/04/17 23:40] – [JB Hunt] timb
+++ transportation:trucking [2025/09/19 21:48] (current) – [Yellow Bankruptcy] timb
@@ Line 1847: / Line 1847: @@
 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