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	Podcast:		The Indicator from Planet Money
	Episode:		How Yellow up wound up in the red
	Category:		Business
	Duration:		00:09:59
	Publish Date:		2023-08-16 22:13:36
	Description:		Yellow stunned the trucking industry when it filed for bankruptcy this month. The nearly hundred-year old company said it will lay off 30,000 employees and liquidate all of its assets. On today's show, a glimpse into Yellow's bankruptcy process: who's blaming who for what, and an explainer on a specific type of loan - the debtor in possession financing - which promises some rich returns to the lender in this case. For more on challenges in the trucking industry check out our story on the spot market and the so-called freight recession. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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