NewsWSJ: Last-minute bid would seek to revive collapsed trucker Yellow

November 9, 2023by 0

THE WALL STREET JOURNAL reports:
Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers that would halt the liquidation of trucking giant Yellow and seek to resurrect the shuttered business, according to people familiar with the matter. 
The improbable effort would require the Treasury Department to defer repayment for …

The post WSJ: Last-minute bid would seek to revive collapsed trucker Yellow appeared first on The Loadstar.

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