NewsFW: Jack Cooper-led bid for Yellow back on table

February 11, 2024by 0

FREIGHTWAVES reports:
A going concern bid for the remaining assets of bankrupt Yellow Corp. appears to be back on the table. A ballot sent to local union heads asks members to agree to settle their WARN Act claims against Yellow with the acquiring company, Next Century Inc. The plan would swap the claims for equity in the startup and potentially recall as many as 14,000 former Yellow workers.
Next Century was formed by Sarah …

The post FW: Jack Cooper-led bid for Yellow back on table appeared first on The Loadstar.

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