Estes' $1.52 billion bid beats ODFL's bankruptcy offer for Yellow ...

Estes Express has emerged as the winner in the bankruptcy dismantling of Yellow Corp, with a $1.525bn bid for Yellow Corp's owned terminals. The bid sets the price floor for the terminals, but a full sales process will still occur. If Estes acquires all of Yellow's terminals, it would become the largest less-than-truckload (LTL) carrier in North America by terminal count. Yellow Corp filed for bankruptcy in August after failing to reach terms with the Teamsters union. The dismantling of Yellow Corp is the largest redistribution of assets in the history of the American trucking industry.

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Frequently Asked Questions

Q: Who made a bid higher than ODFL's bankruptcy offer for Yellow terminals?

A: Estes Express made a bid higher than ODFL's bankruptcy offer for Yellow terminals. Their bid was worth $1.52 billion. Source

Q: What is the value of Estes' bid for Yellow terminals?

A: Estes' bid for Yellow terminals is worth $1.52 billion. Source

Q: How does Estes' bid compare to ODFL's bankruptcy offer for Yellow terminals?

A: Estes' bid of $1.52 billion beats ODFL's bankruptcy offer for Yellow terminals. Source