Bankrupt Yellow Corp. has entered a motion with a federal bankruptcy court in Delaware to sell three terminals valued at approximately $16 million, according to a Thursday filing.
A $15.6 million sale agreement has been inked for a 42-door terminal in Ontario, Canada. A local concrete supplier appears to be the buyer.
The other properties include a 14-door location in Jacksonville, North Carolina ($300,000) and an 8-door terminal in Quebec ($115,000).
All three properties are owned by the defunct less-than-truckload carrier’s estate.
Proceeds from the sales will settle claims against the estate, including employee claims for PTO, sick time and amounts sought under the Worker Adjustment and Retraining Notification Act.
Yellow’s estate has sold roughly 215 terminals for nearly $2.4 billion.
A monthly operating report for June showed the estate had $608 million in cash and has paid out $220 million in professional fees and expenses since the August 2023 bankruptcy filing.
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