TForce buys two former Yellow terminals
TForce was the winning bidder for two owned terminals that belonged to bankrupt LTL carrier Yellow Corp.
Terminals in Sacramento, Calif., and Lexington, Ky., were purchased by TForce Properties, the real estate arm of TForce parent company, Montreal-based TFI International. The two properties commanded US$15.9 million.
The biggest bidder was XPO, which won 26 owned and two leased properties for a total of US$870 million. Estes Express Lines, Saia Motor Freight, Knight-Swift, and ArcBest were among the trucking companies that successfully bid on Yellow properties, court documents reveal.
A total of 128 owned properties and two leased properties collectively fetched US$1.9 billion in the auction.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.
Wow hope that money pays back the yellow freight debit to the taxs payer loan from government
-
That was a good one Michael, you’re very funny
It’s upsetting to lose what we’ve worked for. I’m a 25 year dockman for Holland out of Chicago (320). I’m now starting over at Abf to finish out my time. I just hope all of us former employees will recover our wages and vacation pay that is still owed to us…
I was coming for a long time. Thanks for the memories.
Thank God. That this company if you can call it that. Is done for good the Ceo and Board members have stolen 100s of millions from the rank and file. They should be in jail for what they did. So please don’t act like it is a sad thing
I just pray, somehow, the accepted bids can somehow have a positive, net impact on the jobs lost via the YRC bankruptcy! If that’s actually true, blessings to all the bidders, bid winners and our U.S. Bankruptcy Court!
All our yellow union brothers and sisters,
I believe its for the best we all move forward.
It was never going to be like it was in late 90’s early 2000’s, we were kings largest in the world, be proud of that I am.
Yes its going to be struggle, I was the going on my 37yr, is probable I will catch on so.ewhere else, dought ful to old to set in my ways.
Its new world for you younger guys, you have the best of it, experience knowledge ability to adapt, go out all show them whats in you that made yellow great.
Best to all
Ron C
Was with them a short time but me and 4 other family member work for yellow and a 100+ year old company brought down by some dip s**t that should have never been placed in that job god bless to all those who was let go from yellow
Has a retired former linehaul driver from Yellow, this is a sad day for me and I’m sure many others Yellow drivers…it feels like I lost a family member…
Very sad to see what was one of the best in the industry, be torn apart and done away with…
My best to all my fellow brothers and your families..
Kenneth Bettencourt terminal 108 Providence RI.