Yellow | Auction houses to liquidate Yellow’s tractors, trailers

[Freightmaster1]

Auction houses to liquidate Yellow’s tractors, trailers

A bankruptcy judge said Friday that Yellow Corp. can move forward with a plan to use liquidators to dispose of rolling stock.

www.freightwaves.com

The estate entered an agreement with Nations Capital, Ritchie Brothers and IronPlanet on Oct. 16 to facilitate the sale of Yellow’s fleet. The court temporarily withheld approval to give the U.S. Trustee’s office time to file objections.


The court agreed with the Trustee’s office that an affiliate of one of the auction houses needs to certify “disinterestedness” and show that its interests are “conflict-free” to the interests of Yellow’s estate. However, Judge Craig Goldblatt said that the order should move forward as time is a consideration. He advised all parties that they are “proceeding at their own peril” and his decision could be vacated if a conflict arises.


A filing to seal the commission structures of the auction houses was withdrawn on Friday.


The decision opens the door for Yellow’s fleet to be liquidated. The former less-than-truckload carrier operated more than 60,000 units, of which it owned roughly 12,000 tractors and 35,000 trailers.

 

[RumRunner1]

https://document.epiq11.com/document/getdocumentbycode?docId=4217084&projectCode=YRC&source=DM

 

[deadhead]

How much for one of those popcorn machines?

 

[Real Teamster]

How much for one of those popcorn machines?

That's not "rolling stock", DH. The popcorn machine is a fixed asset. That's in name only; if the darn thing is broken, it's still a fixed asset.

 

[ABF381]

That's not "rolling stock", DH. The popcorn machine is a fixed asset. That's in name only; if the darn thing is broken, it's still a fixed asset.

The popcorn machines do have wheels right?....lmao

 

[Real Teamster]

The popcorn machines do have wheels right?....lmao

Yes, but so does the printer. You see the point?

 

[victor93]

Yes, but so does the printer. You see the point?

I was gonna marry a printers daughter, but she wasn't my type

 

[Triplex]

I was gonna marry a printers daughter, but she wasn't my type

Was she Sans Serif or Serif? That's important to know.

 

[Real Teamster]

I was gonna marry a printers daughter, but she wasn't my type

You may go to your room without supper for that one!

 

[ltltrkr]

Auction houses to liquidate Yellow’s tractors, trailers

A bankruptcy judge said Friday that Yellow Corp. can move forward with a plan to use liquidators to dispose of rolling stock.

www.freightwaves.com

The estate entered an agreement with Nations Capital, Ritchie Brothers and IronPlanet on Oct. 16 to facilitate the sale of Yellow’s fleet. The court temporarily withheld approval to give the U.S. Trustee’s office time to file objections.


The court agreed with the Trustee’s office that an affiliate of one of the auction houses needs to certify “disinterestedness” and show that its interests are “conflict-free” to the interests of Yellow’s estate. However, Judge Craig Goldblatt said that the order should move forward as time is a consideration. He advised all parties that they are “proceeding at their own peril” and his decision could be vacated if a conflict arises.


A filing to seal the commission structures of the auction houses was withdrawn on Friday.


The decision opens the door for Yellow’s fleet to be liquidated. The former less-than-truckload carrier operated more than 60,000 units, of which it owned roughly 12,000 tractors and 35,000 trailers.

One of our upstate NY drivers said they are moving sets out of the yard with O/O's to MD. Not sure if this is true or not. or it could be the sale of 2500 trailers estes bought( on their forum)

 

[truckinforcash]

One of our upstate NY drivers said they are moving sets out of the yard with O/O's to MD. Not sure if this is true or not. or it could be the sale of 2500 trailers estes bought( on their forum)

Seems like yellow isn’t holding their breath for the cooper deal.

 

[RumRunner1]

everything will proceed as scheduled until a deal is made or the auction is cancelled. I would guess any transfer or sale of property & equipment is probably stuff not actually owned by Yellow but leased.

 

[OnPoint44]

we will be seeing all the spotted sets being picked up now (sorry for the bad angle)

 

[mud]

 

[Puff Driver]

Maybe the Jack Cooper drivers can use the auto carrier trailers for LTL if the Yellow ones are sold off???

 

[dokman]

Pretty sure these are lease trailers that have been taken over by Estes. Who knows maybe Estes was the lease holder. Smart business people do things in their interest. May have hedged a bet they would not make it and started leasing trailers.
Either way with all the negative news regarding Yellow why would you not get the decals off immediately and rebrand? Customers might start talking “Hey look Yellow bought Estes”

Well here you go. Right from Estes web site..


Estes Leasing LLC provides cost-effective, hassle-free alternatives to equipment financing and maintenance. Contact Estes Leasing LLC today at 1-804-230-1767.

 

[BIG R GUY]

we will be seeing all the spotted sets being picked up now (sorry for the bad angle)

Probably 84 Sideways took that picture.

 

[Stimpy]

Hopefully Estes can and will put the new logos on the right side up.... Lol

 

[dokman]

Probably 84 Sideways took that picture.

There is a mirror on the tractor.

 

[useless]

and the driver doesn't have a bag on his head