Yellow takes in $1.88 billion in bids for 128 of its terminals

By Sarah Lizee

Olympia, Wash., Dec. 5 – Yellow Corp. took in $1.88 billion in winning bids for 128 of its trucking terminals, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware .

The top four bids were from XPO, Inc., which offered $870 million for 26 owned properties and two leased properties, Estes Express Lines, which offered $248.72 million for 24 owned properties, Saia Motor Freight Line, LLC, which offered $235.68 million for 17 real properties, and Ramar Land Corp., which overed $211.5 million for eight owned properties.

A hearing to seek court approval of the sales is expected on Dec. 12.

Saia said in a Tuesday press release that it intends to pay the purchase price with a combination of cash on hand and availability under its credit facilities.

Yellow is a provider of regional, national and international shipping services based in Nashville. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 23-11069.

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