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Hedge fund MFN and its affiliate objected to confirmation of the plan because they believe the unsecured creditors will have too much influence on where the funds are dispersed.

The case began when Yellow sued the union in the weeks leading up to its bankruptcy filing in 2023. The Teamsters had balked at the second phase of a proposed terminal network restructuring.

AAA Cooper Transportation, Midwest Motor Express and DHE Transportation would all be housed under the one brand from the start of 2026, President and CEO Charlie Prickett wrote.

The U.S. Court of Appeals for the Third Circuit affirmed a September 2024 decision by Judge Craig Goldblatt that left Yellow on the hook for $6.5 billion in claims by the pension plans.

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

A Queens, N.Y.-based building firm, Kordun Construction, bought the most expensive property of the four — a Plainview, N.Y., service center — for $4 million.

The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.

Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.

The court overseeing the bankruptcy proceedings of Yellow Corp. approved the sale of a further seven terminals, according to a filing.   

The court overseeing the bankruptcy proceedings of Yellow approved the sale of a further seven terminals, according to a filing.