Yellow Bankruptcy Estate Moves 3 More Terminals

Canadian and US Properties Add to Ongoing Asset Sales
Yellow trucks
Lawyers representing the estate on Aug. 14 asked Goldblatt to approve the deals, the largest of which will bring in more than $15 million. (Sue Ogrocki/Associated Press)

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Three more less-than-truckload service terminals once operated by Yellow Corp. are close to finding new owners, including two in Canada, according to a court filing.

Fewer than 70 terminals of the nearly 320 controlled by Yellow before the carrier sought protection from creditors in August 2023 will remain under the control of the administrators of the company’s estate should the latest sales be approved.

A hearing on a request to approve the sale of the three terminals is scheduled for Sept. 4 before Judge Craig Goldblatt of the U.S. Bankruptcy Court for the District of Delaware.



Lawyers representing the estate on Aug. 14 asked Goldblatt to approve the deals, the largest of which will bring in more than $15 million.

On Aug. 8, the administrators and 2534929 Ontario Inc. executed what is known as the Viola purchase agreement.

The purchase price for the 42-door Whitby, Ontario, service center was C$21.5 million or $15.6 million.

Court documents name Lawrence (Larry) Di Pietro of as the buyer. Curbside is a Vaughan, Ontario-headquartered concrete paving company.

In Quebec, meanwhile, power sports parts manufacturer RM Stator will buy Yellow’s erstwhile Dixville, Quebec, facility for C$160,000 or $115,000. The deal was executed July 21, according to the filing.

A U.S. facility also found a buyer. Jacksonville, N.C.-based realtor Ray Properties will buy a site in the town for $300,000. The Ray Properties purchase agreement was executed Aug. 11.

At the time Yellow sought court protection, it was Transport Topics’ No. 3-ranked LTL carrier, owning 169 terminals and holding leases for 149 more.

As of late September 2024, a total of 112 terminals remained on the Yellow estate’s plate, comprising 47 owned terminals and 65 leased properties.

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The piecemeal sale of the remains of the estate by private sale follows an initial switch in December from plans announced in October to auction off the remaining 112 terminals.

Since then, at least 45 terminals have been either sold in private deals or leased terminals have been returned to their owners.

As the private sales continue, fewer LTL carriers are cropping up among the buyers.

July saw four terminals in New York, Iowa, New Jersey and Louisiana find new owners, with construction and real estate companies involved in those deals, too.

Previously, two rounds of auctions raised $1.88 billion and $82.9 million through the sale of 128 and 23 of Yellow’s owned and leased terminals, respectively.

Auctions of Yellow’s tractors and trailers followed in 2024 in sales conducted by .

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