Yellow Corp. to sell 4 terminals for $6.8M
Yellow Corp. has asked a federal bankruptcy court to approve four terminal sale agreements totaling $6.8 million. The post Yellow Corp. to sell 4 terminals for $6.8M appeared first on FreightWaves.
In a motion before a federal bankruptcy court in Delaware, defunct less-than-truckload carrier Yellow Corp.’s estate is seeking to sell four terminals valued at $6.8 million.
The owned properties include a 68-door terminal in Knoxville, Tennessee, valued at $2.6 million, a 46-door facility in Southington, Connecticut ($2.8 million), a 31-door terminal near Baton Rouge, Louisiana ($1.2 million), and a 12-door location in Tupelo, Mississippi ($285,000).
The named buyers include construction and building services companies as well as a wholesale fuel and lubricant distributor. It appears no LTL carrier was active in the latest asset sales.
As the liquidation process draws to a close, fewer carriers have been involved. The last sale motion to the court included some transportation and logistics companies, including Saia (NASDAQ: SAIA), but also other non-LTL entities.
A separate filing with the court on Friday showed that Yellow is rejecting unexpired leases on four terminals with a total of 328 doors.
Yellow’s estate has unloaded more than 200 terminals valued at roughly $2.4 billion since the liquidation began at the end of 2023.
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The post Yellow Corp. to sell 4 terminals for $6.8M appeared first on FreightWaves.
