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Yellow Corp. bankruptcy proceedings: ongoing asset liquidation

En la imagen se muestra un camión de la empresa Yellow

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 […]

The Yellow Corp. auction names first winners

En la imagen se muestra un camión de la empresa Yellow Corp.

Yellow could raise over $2 billion after the auction of its terminals. Approximately a dozen transportation and real estate companies were named winners in the court-supervised auction, selling 75% of Yellow’s properties for an estimated total of $1.9 billion, as per a filing on Monday, December 4, in the Delaware Bankruptcy Court. Yellow Corp, the […]

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