Transportation
Trucking Firm Yellow Considers Asset Sale Through Bankruptcy Filing
- A Chapter 11 filing may occur as soon as this weekend
- The less-than-truckload firm has been struggling financially
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Yellow Corp. is considering a sale of assets and real estate through a bankruptcy filing, which may come as soon as this weekend, according to people with knowledge of the situation.
Assets of the beleaguered trucking company have already piqued the interest of a potential financial bidder, according to the people, who asked not to be identified discussing a private matter. The Chapter 11 process could later transition into a liquidation, the people said.