Estes

Kuebix TMS relaunch a key part of new FreightWise-Estes deal

FreightWise, a provider of transportation management systems, has announced a deal with less-than-truckload carrier Estes that is also notable because FreightWise is using the transaction to reboot the Kuebix TMS platform that it acquired in late 2023.

Kuebix held a significant market share in the TMX world when it was bought by Trimble (NASDAQ: TRMB) in 2020 for about $200 million. Trimble had announced in 2022 that it was starting the process of shutting Kuebix in favor of its own TMS...

https://www.freightwaves.com/news/kuebix-tms-relaunch-a-key-part-of-new-freightwise-estes-deal

Judge OKs sale of Yellow terminals to Estes, R+L Carriers

Two separate purchase agreements representing $192.5 million of Yellow Corp.’s real estate were blessed by a federal bankruptcy judge in Delaware on Wednesday.

Richmond, Virginia-based less-than-truckload carrier Estes is buying 11 terminals, four of which are leased, from defunct Yellow (OTC: YELLQ) for $142.5 million. The larger properties in the sale include a 216-door terminal in Cincinnati, 198 doors near Chattanooga, Tennessee, and 167 doors in Tracy, California.

Wilmington, Ohio-based R+L...

https://www.freightwaves.com/news/judge-oks-sale-of-yellow-terminals-to-estes-rl-carriers

Latest Yellow terminal sales to fetch $192.5M

Offers for $192.5 million of Yellow Corp.’s real estate are before a federal bankruptcy court, according to a Tuesday filing. Privately held less-than-truckload carriers Estes and R+L Carriers are the named suitors.

The motion shows a $142.5 million purchase agreement from Estes for seven owned and four leased terminals. The larger owned properties to be acquired include a 216-door terminal in Cincinnati, a 198-door site near Chattanooga, Tennessee, 167 doors in Tracy, California and 136 doors...

https://www.freightwaves.com/news/latest-yellow-terminal-sales-to-fetch-192-5m

LTL survey: Daylight Transport No. 1 overall, Old Dominion top national carrier

Daylight Transport was named the top overall less-than-truckload carrier in Mastio & Co.’s annual value and loyalty survey. Old Dominion Freight Line again received top honors among national carriers, a Tuesday report revealed.

The top 5 carriers in the overall group also included Averitt Express (No. 2), Old Dominion (No. 3), Peninsula (No. 4) and Dayton Freight Lines (No. 5). Averitt Express won the category last year and Peninsula was the winner in 2022.

Estes was ranked the No. 2 national...

https://www.freightwaves.com/news/ltl-survey-daylight-transport-no-1-overall-old-dominion-top-national-carrier

Estes acquires 7 leased terminals from Yellow

Privately owned less-than-truckload carrier Estes announced it has closed on lease purchases of seven terminals previously operated by now-defunct Yellow Corp.

The Richmond, Virginia-based company said Thursday that the new locations will result in a net increase of 290 doors to its national network of 11,832. Estes has added 508 doors this year, a 4.5% increase from the end of 2023. It plans to add 940 more within the next nine months.

Estes said it remains debt-free following the transaction.

“I...

https://www.freightwaves.com/news/estes-acquires-7-leased-terminals-from-yellow

Estes to open at least 20 terminals this year

Less-than-truckload carrier Estes said Monday it will start opening terminals it has acquired from defunct Yellow Corp. as part of a “national expansion.”

The carrier acquired 24 service centers for $249 million at Yellow’s (OTC: YELLQ) first auction, which concluded in early December. It picked up five leased properties for $35 million at a second auction a couple of weeks later.

A more than $1.5 billion stalking horse bid from the company in September set the minimum valuation for Yellow’s real...

https://www.freightwaves.com/news/estes-to-open-at-least-20-terminals-this-year

Auction moves 2nd lot of Yellow terminals

A second lot of Yellow’s terminals have found new homes, according to a Wednesday filing in a Delaware bankruptcy court. The latest auction for a portion of the defunct less-than-truckload carrier’s leased properties raked in $83 million across 23 locations.

The first wave, which included 130 terminals — only two of which were leased — fetched nearly $1.9 billion.

Carriers that participated in the first auction again hold winning bids.

The recent auction, which included winning bids from just six...

https://www.freightwaves.com/news/auction-moves-2nd-lot-of-yellow-terminals

How expedited LTL shipping just became painless

If you do any less-than-truckload shipping, you’ve likely experienced the anxiety that comes with needing to move freight fast but seeing no expedited shipping option in your transportation management system.

But, you don’t have another choice; you still need to move those goods in one or two days. You’re forced to spend hours researching online and making phone calls to carriers, keeping your fingers crossed that one of them can move your shipment in your specific lane. 

What would it be like if...

https://www.freightwaves.com/news/how-expedited-ltl-shipping-just-became-painless

+ More