A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.
Republican lawmakers are leaning on the Department of Justice to provide an update on an investigation into more than 60 multiemployer pension plans that were overpaid from a government bailout package.
Yellow’s non-pension-affiliated creditors as well as its shareholders may soon know the fate of their stake in the defunct less-than-truckload carrier’s estate.
The White House announced $36 billion in bailout money for the Central States Pension Fund that will benefit thousands of less-than-truckload drivers for Yellow and ABF Freight.
Senate-approved emergency pension relief covering Yellow, ABF Freight employees could hit President’s desk this week.
ABF Freight, YRC Freight employees affected by pension-saving bill.
Former truck drivers and employees of LME Inc., headquartered in Roseville, Minnesota, are still in shock two days after the company abruptly ceased operations without warning on July 11.
The Teamsters Union is relying on the new Congress to help stave off insolvency of its Central States Pension Fund.
