A California-based freight forwarder, Boateng Logistics, has filed for bankruptcy liquidation, leaving trucking, logistics, and factoring companies owed millions.

A bid to acquire the remaining assets of bankrupt Yellow Corp. might be back on track, as a ballot sent to local union heads suggests.

Starting a new automaker is no easy feat, and it's been a rarity in the last four decades. It's not just about designing a car but also establishing the necessary infrastructure.

Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.

WeWork co-founder and former CEO Adam Neumann expressed disappointment over the company's Chapter 11 bankruptcy filing, stating his belief that with the right strategy and team, a reorganization could lead to success.

WeWork's stock price dropped nearly 50% to a record low amid reports that the company is considering filing for bankruptcy next week.

Rite Aid, a debt-laden U.S. pharmacy chain, has filed for bankruptcy protection and plans to close underperforming stores, sell its pharmacy benefit subsidiary Elixir, and address lawsuits related to the sale of addictive opioid medications.

Estes has been officially approved as the real estate stalking horse bidder for Yellow's terminals, setting the minimum valuation for these assets in the bankruptcy proceedings.

The Teamsters Union has called on the Senate to investigate the bankruptcy proceedings of Yellow Corp.

It can be a very value-maximizing process," says bankruptcy attorney George Singer about the potential bidding war for Yellow Corp.'s real estate.

AeroCision, an aerospace supplier, has received interim court approval to pay critical vendors up to $5 million, including recent shipments made before filing for Chapter 11 bankruptcy.

The International Brotherhood of Teamsters has rejected Yellow Corp.'s attempt to blame the union for the company's financial troubles leading to bankruptcy.

Yellow Corp., a prominent US trucking company with a history of nearly 100 years, has filed for bankruptcy, leading to the closure of its business and leaving 30,000 employees without jobs.

Overstock's acquisition of Bed Bath & Beyond's intellectual property in a bankruptcy auction for over $20 million in June has proven to be a boon for the company.

Less-than-truckload carrier Yellow Corp. has ceased operations after nearly 100 years in business, leading to disruptions in the broader LTL market.

Yellow Freight, one of the nation's largest trucking companies, recently closed down, leaving nearly 30,000 union truckers jobless.

TFI International's U.S. less-than-truckload operation, TForce Freight, experienced a significant increase in daily shipments, around 3,000, following the announcement of rival Yellow Corp.'s closure.

Aerospace supply chain specialist Incora, which filed for bankruptcy in June, is facing difficulties with a resistant supplier, Appli-Tec.

The possibility of a strike at UPS and the potential insolvency of Yellow, a prominent less-than-truckload (LTL) trucking company, has raised concerns among analysts about the impact on the parcel and LTL segments.

Yellow Corp, a less-than-truckload carrier, has failed to make its required pension contributions for June and plans to withhold payments for July, leading the Teamsters union to threaten a strike.