Yellow pushes back rolling stock bid deadline, auction

By Sarah Lizee

Olympia, Wash., Oct. 13 – Yellow Corp. has extended the bid deadline, auction and sale hearing for rolling stock to dates to be determined, according to a notice filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company’s bid procedures set out two timelines – one for rolling stock and the other for real estate and all other assets.

For rolling stock, the bid deadline was 5 p.m. ET on Oct. 13, an auction was set for Oct. 18, and a sale hearing was scheduled for Oct. 27.

For real estate and other assets, the bid deadline is 5 p.m. ET on Nov. 9, an auction is set for Nov. 28, and a sale hearing will take place on Dec. 12.

As previously reported, the company received a $1.53 billion stalking horse bid for its terminals from Estes. The deal is subject to higher or better offers through the court-approved bid procedures.

Yellow is a provider of regional, national and international shipping services based in Nashville. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 23-11069.

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