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...
R&L Carriers
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
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
More LTL carriers may follow AAA Cooper to the altar, consultant says
Five or 10 years ago, a truckload carrier would have looked askance at acquiring an LTL carrier. Truckload carriers were comfortable shipping directly from the shipper to the consignee at a minimal fixed cost, a model that runs counter to the multistop terminal networks of LTL carriers. The truckload-LTL relationship was mostly confined to truckload carriers handling shipments of overflow LTL freight weighing more than 8,000 pounds if LTL capacity was too tight to meet the demand.
However,...