Una presentación del martes ante un tribunal de bancarrota federal en Delaware mostró el transporte de Knight-Swift, A. Duie Pyle y Tforce Properties han celebrado acuerdos de compra por un total de $ 15.1 millones para adquirir siete de las terminales difuntas de Yellow Corp. Swift con sede en...
LTL terminals
Knight-Swift headlines buyers in latest Yellow terminal sale
A Tuesday filing with a federal bankruptcy court in Delaware showed Knight-Swift Transportation, A. Duie Pyle and TForce Properties have entered purchase agreements totaling $15.1 million to acquire seven of defunct Yellow Corp.’s terminals.
Phoenix-based Knight-Swift (NYSE: KNX) is acquiring three terminals in Southern California – Downey (71 doors), San Diego (49 doors) and Santa Maria (16 doors) – and one property in Roanoke, Virginia, (34 doors) for $9.9 million.
The four properties are...
https://www.freightwaves.com/news/knight-swift-headlines-buyers-in-latest-yellow-terminal-sale
XPO shares up on strong Q4 financial performance
Less-than-truckload carrier XPO reported another strong financial performance at the bottom of the cycle. Shares of the company’s stock surged 8.8% in early trading Thursday after stepping higher on Wednesday following a better-than-expected report from a competitor.
XPO (NYSE: XPO) recorded 260 basis points of operating ratio (inverse of operating margin) improvement during 2024 while the rest of the industry saw margin deterioration. XPO also guided to 150 bps of year-over-year OR improvement...
https://www.freightwaves.com/news/xpo-shares-up-on-strong-q4-financial-performance
Saia excited about pricing opportunities across expanded network
Less-than-truckload carrier Saia took market share again in the fourth quarter, but margins slid as new business wins and terminals came online. The company is at the tail end of an intense network growth initiative that has catapulted it to a national carrier serving all 48 contiguous states. The focus will now shift to pricing and margin opportunities.
Saia (NASDAQ: SAIA) beat fourth-quarter expectations Monday, reporting earnings per share of $2.84, 7 cents higher than the consensus estimate...
https://www.freightwaves.com/news/saia-excited-about-pricing-opportunities-across-expanded-network
Central Transport y R+L Carriers firman acuerdos para Yellow Real Estate
Acuerdos de compra por un total de 66,5 millones de dólares para cuatro empresas de Yellow Corp en quiebra. Las terminales de carga inferior a un camión fueron presentadas ante un tribunal federal de quiebras en Delaware el martes. Con sede en Warren, Michigan Transporte central está comprando una...
Central Transport, R+L Carriers ink deals for Yellow real estate
Purchase agreements totaling $66.5 million for four of bankrupt Yellow Corp’s. less-than-truckload terminals were entered with a federal bankruptcy court in Delaware on Tuesday.
Warren, Michigan-based Central Transport is buying one owned and two leased terminals from Yellow for $54.5 million. The owned location is a 198-door terminal on 51.6 acres in Memphis, Tennessee. The leased locations are both in California – a 165-door site in Fontana and an 87-door location in Gardena.
Central...
https://www.freightwaves.com/news/central-transport-rl-carriers-ink-deals-for-yellow-real-estate
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
Pitt Ohio adds Midwest carrier Sutton Transport to network
Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport, according to an internal document obtained by FreightWaves.
Wisconsin-based Sutton Transport has 13 terminals in Illinois, Minnesota, Missouri and Wisconsin. The company’s fleet includes 384 power units and 455 drivers, according to the Federal Motor Carrier Safety Administration.
Sutton Transport’s website shows more than 800 employees in total, including dock and office staff.
The deal is described as “a...
https://www.freightwaves.com/news/pitt-ohio-adds-midwest-carrier-sutton-transport
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 carriers waiting for next demand catalyst in post-Yellow world
Less-than-truckload carriers are hoping an end to a two-year industrial recession will provide a needed volume uptick and bring about a more favorable freight mix. A positive inflection will also allow carriers to fill terminals acquired following Yellow Corp.’s exit.
Yellow’s (OTC: YELLQ) July 2023 shutdown put roughly 8% market share up for grabs, providing the industry with a respite to an ongoing freight recession. However, the newfound volume was quickly absorbed, and the industry is again...
https://www.freightwaves.com/news/ltl-carriers-waiting-for-next-demand-catalyst-in-post-yellow-world