Tag: Auction

Yellow Corp. bankruptcy proceedings: ongoing asset liquidation

The sale of Yellow’s rolling stock and remaining terminals continues. The Delaware bankruptcy court approved the sale of 23 terminal lease contracts owned by Yellow Corp. to six bidders for $82.89 million. The sale of 128 out of 169 terminals, approved on December 12th to 21 different buyers, raised $1.88 billion. Initially, Estes Express Lines […]