Yellow Corp to sell 4 stations for $ 6.8 million

In a proposal before a federal bankruptcy court in Dilayer, the ownership of Yellow Corp. Inseparable from the loads to the sale of four stations worth $ 6.8 million.

Real estate owned by the station includes 68 doors in Noxfel, Tennessee, worth $ 2.6 million, 46 doors in Soutington, Contecticut ($ 2.8 million), 31 doors station near Patton Rouge, Louisiana ($ 1.2 million), and 12 doors in Tobello, Mississippi ($ 28500).

The appointed buyers include construction and construction services companies in addition to a fuel distributor and a wholesale lubrication distributor. It seems that no LTL was active in the latest asset sales.

As the liquidation process approaches its end, fewer transport companies participated. the The last sale movement The court included some transportation and logistical services companies, including Saia (Nasdak: sa), But also other other LTL entities.

A separate file with the court on Friday showed that yellow rejects the inappropriate rental contracts on four stations with a total of 328 doors.

Yellow’s Estate has emptied more than 200 stations valued at about $ 2.4 billion Since the liquidation began At the end of 2023.

More than the shipping waves articles written by Todd Maiden:

Pamphlet Yellow Corp to sell 4 stations for $ 6.8 million First appear on Shipping waves.