"Some in the industry have speculated that MFN’s relatively cheap investment in Yellow is a hedge to protect a nearly $900 million investment it has in LTL competitor XPO"
Yellow reported to be nearing deal for bankruptcy loan
Less-than-truckload carrier Yellow Corp. is reported to be close to a deal with one of its current lenders to obtain debtor-in-possession financing to facilitate a bankruptcy.
www.freightwaves.com