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). *Learn more about sponsor message choices: podcastchoices.com/adchoices)NPR Privacy Policy)
