Yellow Rivals Scoop Up Truck Terminals in Bankruptcy Auction

null By Paul BergerDec. 4, 2023 8:51 pm ETAbout a dozen trucking companies bought properties at a bankruptcy court-supervised auction that unloaded 75% of Yellow’s properties. Above, a Yellow terminal in Orlando, Fla. Photo: Paul Hennessy/Zuma PressYellow is set to raise more than $2 billion after a bankruptcy auction that will disperse much of its national network of truck terminals among rivals, casting deeper doubt on a long shot bid to revive the trucker.About a dozen trucking companies bought properties at a court-supervised auction that unloaded 75% of Yellow’s properties for a total of just under $1.9 billion, according to a filing Monday evening in the U.S. Bankruptcy Court in Delaware. The bids must be approved by the court, which is scheduled to hold a hearing Dec. 12. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersKohl's: Kohl's coupon - 30% off all Sephora collectionWalmart: 20% Off Walmart Promo Code | Site