Distressed trucking firm Yellow Corp. (NASDAQ:YELL) is reportedly contemplating an asset and real estate sale via a bankruptcy filing, potentially happening as soon as this weekend, sources close to the matter reveal.
A potential financial bidder has already shown interest in the assets of the struggling trucking company, as Bloomberg reports.
Shares of Yellow Corp. were down slightly on Friday, ending the week with an astounding 346% gain.
Uncertainty Surrounds Yellow Corp.’s Future
The company, a less-than-truckload carrier that handles shipments not filling an entire trailer, has been on the brink of bankruptcy …
