The sale of bankrupt Yellow Corp.'s remaining properties is progressing, according to a filing in a federal bankruptcy court in Delaware on Wednesday. The estate will begin accepting non-binding indications of interest for its 112 remaining terminals starting Tuesday, with the process concluding on October 18th.

Yellow (OTC: YELLQ) recently received court approval to engage real estate broker CBRE to manage the sale of these terminals. Working in conjunction with broker CBRE and investment banker Ducera, Yellow aims to sell 47 owned and 65 leased locations, which are collectively valued in the hundreds of millions of dollars.

The owned terminals vary significantly in size, from a small facility with eight dock doors in Quebec, Canada, to a substantial operation with 426 doors in Chicago Heights, Illinois. Other notable large owned terminals are located in Maybrook, New York (304 doors), Cincinnati (216 doors), and in Tennessee markets such as Chattanooga (198 doors) and Memphis (198 doors). In total, the owned terminal portfolio comprises 3,165 doors.

The leased locations also include significant facilities, such as Bloomington, California (325 doors), Kansas City, Missouri (193 doors), Portland, Oregon (178 doors), and Fontana, California (165 doors). The leased portfolio accounts for 4,109 doors.

Property closings are anticipated in January 2025, or as soon as feasible thereafter. The proceeds generated from these sales will be directed towards repaying Yellow's unsecured creditors, whose claims amount to billions.