Transport Topics (Aug. 18, 2023)
Estes Express Lines is first in line to buy the terminals, tractors and trailers of bankrupt less-than-truckload rival Yellow Corp. after agreeing to submit a $1.3 billion stalking horse bid, a court heard Aug. 17. Richmond-Va.-based Estes will not, however, provide a $230 million loan to Yellow, as was under discussion the last time the U.S. Bankruptcy Court\u2013District of Delaware heard from lawyers representing Yellow, its shareholders and creditors on Aug. 11.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices