Defunct Yellow Corp. has entered a request with a federal bankruptcy court in Delaware to sell four terminals for $6.85 million, according to a Monday filing.
The purchase agreements for the owned properties include a 38-door terminal near Long Island, New York valued at $4 million, a 39-door service center near Omaha, Nebraska ($2 million), a 20-door facility near Atlantic City, New Jersey ($600,000), and a 15-door location in Alexandria, Louisiana ($250,000).
The buyers appear to include various real estate and other investor groups.
Proceeds from the sales will settle claims against the estate, including employee claims for PTO, sick time and amounts sought under the Worker Adjustment and Retraining Notification Act.
The bankrupt less-than-truckload carrier has liquidated more than 210 terminals for nearly $2.4 billion since filing for bankruptcy in 2023.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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