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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.

Liquidation of the real estate assets of bankrupt less-than-truckload carrier Yellow Corp. entered a new phase in recent days — termination of terminal lease agreements.

Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.

Judge Craig Goldblatt on Feb. 26 found Yellow to be a “liquidating fiduciary,” rather than an employer, at the time it laid off unionized employees.

Standard Forwarding Freight bought the assets of Midwest less-than-truckload carrier Standard Forwarding from DHL Freight for an undisclosed sum.

The three carriers bought a total of seven former Yellow terminals in private deals from the bankrupt LTL carrier’s administrators as each sought to bolster its LTL operations.

Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.