Greenway, December 13 | The bankrupt trucking company Yellow Corp received court approval on Tuesday to sell most of its transportation center and own real estate for $1.88 billion. US bankruptcy judge Craig Goldblatt approved the sale during a court hearing in Wilmington, Delaware, and said the purchase price was a “huge achievement” for Yellow and its creditors. The sale will split the company's 130 freight centers to multiple buyers, generating enough cash to repay the company's debt of 1.2 billion US dollars before bankruptcy. Yellow is still looking for buyers for its remaining owned and leased real estate (including 46 cargo terminals) and truck fleets.
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- Bankrupt trucking company Yellow gets permission to sell $1.88 billion in real estate
破产卡车公司Yellow获准出售18.8亿美元不动产
Bankrupt trucking company Yellow gets permission to sell $1.88 billion in real estate
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