NPR.

This is the Indicator from Planet Money, I'm Paddy Hirsch.

And I'm Adrian Mah.

Rising interest rates and sticky inflation have pushed an increasing number of American

companies into bankruptcy recently.

That includes yellow, one of the oldest trucking companies in the US.

When companies file for bankruptcy, they often try to find a way to sort out their financial

structures and then carry on doing business.

Not yellow.

It said it intends to break itself up and sell itself off completely.

In this news, stunned the trucking world.

Yellow had 30,000 employees, most of whom are now out of work, and many of whom are members

of the Teamsters Union, which is blaming the company for its demise.

The company, of course, is blaming the Union.

Meanwhile, the company's creditors, which includes the United States Treasury, by the way,

are anxiously waiting to see whether or not they'll recover them more than 1.2 billion

dollars that they've lent to yellow over the years.

So on today's show, we'll look at the yellow bankruptcy, to see who is blaming whom

for what and why a hedge fund and a shipping company are fighting for the right to lend

this bankrupt company even more money.

This message comes from an PR sponsor, Betterment, confusing eye contact with a mysterious

stranger is never chill, but your investing portfolio should be.

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