Yellow closes sale of 28 properties to XPO for $870 million

By Sarah Lizee

Olympia, Wash., Dec. 28 – Yellow Corp. sold 28 terminal properties to XPO, Inc. for $870 million, according to an 8-K filed with the Securities and Exchange Commission.

As previously reported, the company received approval from the U.S. Bankruptcy Court for the District of Delaware to sell 128 of its trucking terminals for $1.88 billion in total.

The top four bids were from XPO, for 26 owned properties and two leased properties, Estes Express Lines, which offered $248.72 million for 24 owned properties, Saia Motor Freight Line, LLC, which offered $235.68 million for 17 real properties, and Ramar Land Corp., which offered $211.5 million for eight owned properties.

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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