Yellow | 2nd Bid Auction Over

[Kennesaw Kid]

Auction moves 2nd lot of Yellow terminals

A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.

www.freightwaves.com

 

[Kennesaw Kid]

."..."There are still 118 leased properties remaining to be sold as well as another 46 terminals that the company owns.

A hearing to approve the sale of the leased properties is scheduled for Jan. 12. Objections to the sales or assurance of future performance are due to the court by Jan. 5th"...

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1049671&projectCode=YRC&docketNumber=1403&source=DM&fbclid=IwAR0V2ZJi8DrQuyik1zl2w95RH7kO7bJiv106Sy3FUgYcO6GY-VfjjbNAopA

 

[No port]

I'll wait for the apology.
Buying a lease at asking price? Flop.
The fire sale will commence of leases left .

 

[Redd7]

any idea which terminals? I see Fedex bought 1 at 22 million. Compared to what the other companies spent on multiple locations, I'm assuming FedEx bought a big one.

 

[Kennesaw Kid]

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1049671&projectCode=YRC&docketNumber=1403&source=DM&fbclid=IwAR0V2ZJi8DrQuyik1zl2w95RH7kO7bJiv106Sy3FUgYcO6GY-VfjjbNAopA

 

[Triplex]

Winning bidders of leased properties...

 

[Real Teamster]

any idea which terminals? I see Fedex bought 1 at 22 million. Compared to what the other companies spent on multiple locations, I'm assuming FedEx bought a big one.

FedEx bought the lease rights to the Reddaway terminal in suburban Reno (Sparks).