91ÊÓƵ

Estes Express Lines and an affiliate of R+L Carriers are to buy more terminals from the administrators of bankrupt former less-than-truckload rival Yellow, according to a court filing.

A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.

The sale of the last of the freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp. is set to start Oct. 1, according to a court filing.

Bankrupt carrier Yellow Corp. and its hedge fund owners lost a court ruling over $6.5 billion in debt that pension funds claim the defunct company owes them.

Darren Hawkins, who was at the helm of bankrupt less-than-truckload carrier Yellow Corp., will soon lead the North American Chassis Pool Cooperative.

The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.

Estes has closed on lease purchases for seven terminals across the country that used to belong to the defunct carrier Yellow Corp., the company announced Aug. 22.

Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors.

J.D. Power's Chris Visser says auction prices have been stable after a busier-than-usual January.

Selling off the assets of bankrupt less-than-truckload carrier Yellow Corp. is set to take another step when the first rolling stock will be up for auction soon.