Who Will Get Bankrupt Yellow’s Terminals?

By: ClassADrivers.com

Photo by Frederick Warren on Unsplash

The bankruptcy of Yellow has devastated many truck drivers who are left without employment. Getting these drivers behind the wheel again should be the industry’s #1 priority.

In the meantime, however, the assets of Yellow are being sold off, and its terminals are causing a bidding war.

Trucking company Old Dominion offered a whopping $1.5 billion for the real estate purchase of Yellow’s terminals. This sum is expected to lead the bidding and set a baseline for Yellow’s properties. Previously, Estes Express Lines had offered $1.3 billion.

A vast web of terminals would be especially valuable for a large trucking company, allowing freight to be transferred easily between an expansive network of logistics.

Because Yellow has been around for so long as a hundred-year-old company, other trucking companies cannot simply build up a comparable network of terminals overnight.

Even if each and every terminal isn’t used and is later sold off, the total sum of properties represents a massive value. Is it worth $1.5 billion though? We’ll find out as bankruptcy proceedings continue.