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Yellow to sell 28 terminals as transformation plan nears completion
With LTL demand moderating, real estate sales have boosted the carrier's bottom line.
Yellow | MEANWHILE.....
- Thread starter Kennesaw Kid
- Start date
Yellow netted $1.1 million in property disposals last quarter, which accounted for more than its YoY increase in operating income, $$$$ Kinda shows they are starving for 15% more cash flow ,instead of keeping them as a investment and Leasing them out for 15% more monthly rental income !! Patel & Wong Investment Group LLC is prolly buying most of them for pennies on the dollar Bill !!
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almost13ranch
Abitiose sed ineptum
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What are they going to do when they run out of places to sell?
Exactly , selling off all your milk cows and they pay to lease back the terminals that they sold off ??
Sell Ridge popcorn.
Steward of the Rock
TB Veteran
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Re-hire Zollars to secure loans at 15% interest to buy back all the properties they sold.
slavenomore
TB Legend
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What a great time to buy.....highest interest rate in a gazillion years!
Anybody have a list....or does this COO have an amount of merges/closures equal to their sale #.
I didn't know they owned anything.
Anybody have a list....or does this COO have an amount of merges/closures equal to their sale #.
I didn't know they owned anything.
slavenomore
TB Legend
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The cover page of COO says they are consolidating 22 terminals.
Where's the 28 come from?
Where's the 28 come from?
LTLAnonymous
TB Veteran
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I just got a bag today.
Just because you are still using it doesn't mean you can't sell it.............................
slavenomore
TB Legend
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I doubt Pyle is buying.
All sales are appreciated by Big Dave. He gets a portion of each bag sold at the Ridge Sox games.
As in A. Duie?
slavenomore
TB Legend
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Yes. Not sure of the details but I think Yellow squatted on their Maspeth terminal a few years. Was a New Penn owned terminal.Until Yellow came. YRC sold it to Pyle. And New Penn wouldn't leave.
Pyle couldn't have their own terminal from New Penn....something like that happened. Pyle bought it but they couldn't have it. Crooks at Yellow Not sure of details. Looks like we're out of their now
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slavenomore
TB Legend
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Idk. Pyle bought a bunch awhile back. I know they bought Yellow's Allentown. And Yellow went to Roadway in Bethlehem.
This was going on:
Post in thread 'maspeth' https://www.truckingboards.com/bb/threads/maspeth.67453/post-931092
