Estes Express Ups Bid for Yellow's Shipment Centers in Bidding War
Trucking firm Estes Express has submitted a revised stalking horse bid worth $1.525 billion in cash for bankrupt Yellow Corp's shipment centers, surpassing Old Dominion Freight Line Inc's previous bid. The new bid offers more money for the acquired assets and fewer fees in terms of bid protections. Yellow Corp halted operations in July and filed for bankruptcy last month, citing the International Brotherhood of Teamsters union as a contributing factor.
