News / Rival LTL players snap up Yellow terminals in $1.9bn auction

Speculation about a new entrant in the US less-than-truckload (LTL) market on the back of a massive facility investment proved unfounded – the sale of most of bankrupt Yellow’s terminals saw rival LTL players snap up most of the facilities.

Twenty-nine bidders, including real estate firms, committed almost $1.9bn for the 128 Yellow properties in the managed sale, which left another 46 locations for subsequent purchases.

XPO made the biggest move, forking out $870m for 28 ...