Yellow Corp.’s long-running bankruptcy saga may finally be turning a corner after a federal judge approved the former trucking giant’s Chapter 11 liquidation plan—an essential step toward wrapping up one of the transportation industry’s most sprawling collapses. In a Delaware bankruptcy court Monday, Judge Craig Goldblatt issued an oral decision confirming Yellow’s plan, which is the fourth iteration put forward since the carrier filed in August 2023. More from Sourcing Journal Goldblatt determined that ...

A federal bankruptcy court in Delaware cleared the path for the final liquidation of defunct Yellow Corp.’s estate on Monday. The plan outlines the distribution of as much as $700 million to remaining creditors, including former employees. The Monday order, however, could be challenged on appeal by Yellow’s largest equity holder, MFN Partners. Boston hedge fund MFN amassed a 42.5% equity stake in the former less-than-truckload carrier in the days leading up to its July 30, 2023 shutdown. The firm bet that ...