Update: First Yellow Trucks and Trailers Up for Auction
J.D. Power's Chris Visser says auction prices have been stable after a busier-than-usual January.
March 5, 2024First Yellow Trucks and Trailers Up for Auction March 5
Selling off the assets of bankrupt less-than-truckload carrier Yellow Corp. is set to take another step when the first rolling stock will be up for auction soon.
Estes, Pitt Ohio Among Firms Filling Yellow Void in Buffalo
Yellow Corp.’s shutdown has opened the door for Estes Express Lines, Pitt Ohio and more to make greater inroads in the Buffalo, N.Y., Niagara region.
Knight-Swift Adds 10 More Leased Yellow Terminals to Haul
Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.
Update: Yellow Repays $700M Pandemic-Era Loan to Treasury Dept.
The auction of Yellow's assets is continuing as sales of the bankrupt carrier's terminals are funding debt repayments.
February 8, 2024Yellow Repays $700M COVID-Era Treasury Loan Plus Interest
Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.
Court Approves Sale of 23 Yellow Leased Terminals
The U.S. Bankruptcy Court for the District of Delaware approved the sale of 23 terminal leases owned by Yellow Corp. to six bidders for an aggregate price of $82.89 million, documents show.
Court Approves Sale of 128 Yellow-Owned Terminals
A Delaware court approved the sale of 128 freight terminals owned by bankrupt less-than-truckload carrier Yellow Corp., according to an audio recording of a Dec. 12 hearing.
Update: XPO Spends $870 Million for Yellow Properties
Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.
December 8, 2023Dark Horse Bidder Makes Second Offer for Yellow Assets
Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.