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Virginia company bids $1.3B for Yellow trucking terminals

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Last edited 9:58 a.m., Aug. 21, 2023 [Editor's note: An incorrect bid amount has been fixed.]

Virginia-based Estes Express submitted a $1.3 billion bid for Yellow Corp.'s trucking terminals.

The bid has set the floor on the sale of Yellow's real estate assets in bankruptcy.

Yellow also received a $142.5 million debtor-in-possession loan from two hedge funds, according to media reports.

Read more from the Kansas City Business Journal.

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