Seven former Yellow terminals purchased for over $15M in deal with several trucking companies

Seven former Yellow terminals were purchased by three different trucking companies for a total of more than $15 million this week. 

Court approval for the deals between Yellow administrators and the trucking companies was sought on February 11th, reported Sourcing Journal.

Knight-Swift paid Yellow $9.9 million for their Downey, Santa Maria and San Diego, California terminals, as well as their Roanoke, Virginia facility. A. Duie Pyle paid $4.5 million for terminals in Bowling Green, Ohio and Charleston, West Virginia. TFI International paid $700,000 for a terminal in Fayetteville, North Carolina. 

All three companies are reportedly looking to expand their LTL operations ahead of an expected freight market turnaround.