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Mar 27, 2024 · A Delaware bankruptcy court ruled Wednesday that approximately $7.8 billion in pension withdrawal liability claims against bankrupt less-than-truckload carrier Yellow’s estate will remain under its jurisdiction and not be decided by arbitrators as numerous pension funds had sought.
Feb 14, 2024 · The venue for deciding the fate of $7.2 billion in pension withdrawal liability claims against bankrupt Yellow Corp. will be decided on March 6, a Wednesday status hearing in a Delaware court determined.
Aug 7, 2023 · Yellow Corp. filed for bankruptcy and some participants in their non-union pension funds now wait to learn how their benefits will be affected.
Aug 3, 2023 · The Biden administration’s multiemployer retirement plan bailout program will protect the nation’s largest pension from being dragged under by trucking giant Yellow Corp.'s impending demise.
- aramsey@bloombergindustry.com
- Reporter
As the shock wears off, drivers are showing up to local Teamsters 414 on Cass Street to find out where they stand with their pensions, 401Ks and any redirect on job opportunities.
Jul 18, 2023 · Yellow Corp. failed to pay $50 million to Central States pension and health funds, leading to benefit suspensions and strike threat for 22,000 Teamsters. The company is accused of gross mismanagement and neglecting its responsibilities to workers.
Jul 20, 2023 · Yellow Corp. blamed the International Brotherhood of Teamsters Wednesday evening for the company’s inability to make $50 million in benefits and pension fund payments, arguing the union’s refusal to allow its network overhaul has caused its low liquidity by freezing its business plan for nine months. The union has given notice it plans to ...
