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Next Century Logistics Inc. submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt less-than-truckload carrier was turned down by the administrators of Yellow’s assets, according to sources.
The latest proposal by Next Century Logistics, led by Jack Cooper Transport Executive Chair Sarah Amico, is for 46 owned terminals and 147 leased terminals as well as Yellow rolling stock, sources close to the bid said Dec. 8.
Yellow owned around 12,700 tractors and 42,000 trailers at the end of the second quarter of 2023, according to company documents.
www.ttnews.com
The latest proposal by Next Century Logistics, led by Jack Cooper Transport Executive Chair Sarah Amico, is for 46 owned terminals and 147 leased terminals as well as Yellow rolling stock, sources close to the bid said Dec. 8.
Yellow owned around 12,700 tractors and 42,000 trailers at the end of the second quarter of 2023, according to company documents.
Dark Horse Bidder Makes Second Offer for Yellow Assets | Transport Topics
Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.
