The Treasury Division also holds almost thirty p.c of Yellow’s popular inventory as well as personal loan is secured by the organization’s property. If Yellow declares bankruptcy and has to liquidate, the U.S. federal government will choose around much of the company’s trucking fleet and real-estate holdings.

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The White House acknowledged it had conversations with Yellow along with the union but declined to weigh in further more within the subject.

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In 2020, the Trump administration, which experienced ties to the company and its executives, agreed to provide the agency a pandemic aid look at these guys loan in exchange to the federal authorities assuming a thirty percent equity stake in the corporate.

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