Yellow defends transparency of CARES Act loan

Yellow Corp. [NASDAQ: YELL] CEO Darren Hawkins is confident he can show lawmakers that his company’s $700 million CARES Act loan being scrutinized in a new congressional probe is in full compliance with the loan terms.

“Please be assured with respect to your question regarding our ‘eligibility for and use of the funds’ that the Subcommittee’s inquiry and Yellow Corporation’s documents will conclusively confirm that the information the Company provided in applying for the loan was completely...

https://www.freightwaves.com/news/yellow-defends-transparency-of-cares-act-loan

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