Yellow | Sarah & Co aren't giving up huh

[OnPoint44]

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.

www.ttnews.com

 

[slavenomore]

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.

www.ttnews.com

As the world turns.
One life to live.
It never ends.
Tune in tomorrow.
Same bat time.
Same bat channel.

 

[Real Teamster]

It is good of Sarah and her team to try to make a "go" of this, but I really think she's waging a futile effort. Too much "water under the bridge" at this point, as well as too much debt right from the get-go. It would be nice if it happened for the sake of the employees, but my version of the crystal ball says this is a non-event.

 

[Jaloc]

318 terminal active saw the manager's car parked there earlier today he still must be getting paid by the company?

 

[Real Teamster]

318 terminal active saw the manager's car parked there earlier today he still must be getting paid by the company?

The manager's car and a handful of other management's cars have been parked at my terminal consistently during the day since we closed except for about two weeks in September

 

[OnPoint44]

26 remaining terminals. Is she aiming to open a regional company?

 

[Keepingon]

26 remaining terminals. Is she aiming to open a regional company?

“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”

 

[Puff Driver]

Why not just purchase ABF or T Force better yet start up a brand new teamster LTL carrier??

 

[Kennesaw Kid]

“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”

At least some one here reads ALL the story!

 

[OnPoint44]

“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”

Typo on my part, I was half asleep. So a nation network, ok. Well, hopefully she can bring on more friends with deeper pockets to satisfy those who want the $ owed to them

 

[Hotboy Ice]

26 remaining terminals. Is she aiming to open a regional company?

There are 46 remaining owned terminals and well over 100 leased ones (auction begins on Dec 18th for that group).

 

[Hotboy Ice]

Why not just purchase ABF or T Force better yet start up a brand new teamster LTL carrier??

She'll need many Billions more for that!

 

[OnPoint44]

There are 46 remaining owned terminals and well over 100 leased ones (auction begins on Dec 18th for that group).

I already corrected my earlier comment. Scroll back

 

[Puff Driver]

She'll need many Billions more for that!

She is willing to go into $3 BILLION in debt to reconstitute Yellow???
With zero business???

 

[silent trucker]

What she's really doing is getting her name in the press constantly. People with political ambitions love that.

 

[Kennesaw Kid]

..."Other Treasury officials have said the loan cannot be modified because Yellow is in bankruptcy and that new Congressional authority would be needed to issue a new loan since the CARES Act authority has expired. Yellow’s would-be rescuers are disputing Treasury’s legal opinion."... Isn't that the whole reason to file Chapter 11, to restructure debt?

 

[Puff Driver]

How is this moving along?
Anyone hear any updates??