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A court on Oct. 27 approved plans by the administrators of Yellow to use auctioneers to sell the company’s rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.

The administrators of Yellow Corp. aim to use auction houses to sell off the bankrupt less-than-truckload carrier’s rolling stock, according to court filings.

Yellow Corp. has rescheduled the bid deadline for its fleet of trucks and trailers, according to court documents related to the shuttered carrier’s ongoing bankruptcy proceedings.

A bankruptcy court on Sept. 15 approved a timeline for the sale of shuttered less-than-truckload carrier Yellow Corp.’s terminals, trucks and trailers, making some key dates public for the first time.

Estes Express Lines upped the ante in the fight for 169 terminals owned by bankrupt Yellow Corp. ahead of a key Sept. 15 hearing, filing a revised stalking horse bid, court documents show.

August saw a return to a relatively steep depreciation in the price of used Class 8 trucks, according to J.D. Power's  Chris Visser, although some of the details are yet to fully materialize.

Used trucks and trailers owned by bankrupt Yellow Corp. are set to come up for auction in unprecedented numbers, but the market can handle it, say observers.

Analysts are expecting more players to take part in an upcoming auction for the 169 terminals owned by Yellow Corp. beyond those who already have raised their hands.

The Yellow Corp. shutdown is having a downstream effect on the less-than-truckload space as freight volumes flow toward competitors.

Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s 169 terminals out of bankruptcy, more than a previous offer from Estes Express Lines.