FW: Yellow targets January sale for 112 remaining terminals
FREIGHTWAVES reports: The sale of bankrupt Yellow Corp.’s remaining properties is moving forward, a Wednesday filing ...
Yellow Corp (YELL), once known as YRC Worldwide, is one of the most sizeable less-than-truckload players stateside.
Based on its annuals, it ranked third in the league tables right behind LTL leader FedEx Freight and industry benchmark Old Dominion, enjoying over $5bn in 2022 revenues. Out of which, it made $21.8m in net profit versus a net loss of $109.1m in 2021.
On the brink of collapse, if you recall, it secured a large funding round from the US Treasury in mid-2020 ...
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