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The company remained small until 1952, when an ownership group led by George E. Powell Sr. bought the freight company. During this time, Yellow helped pioneer the concept of consolidating small freight shipments into trailer loads. In 1968, the company name was changed from Yellow Transit Freight Lines to Yellow Freight System Inc.
XPO will purchase 28 terminals from defunct Nashville-headquartered LTL carrier Yellow for $870 million following a Monday bankruptcy auction, according to court documents. The XPO acquisition will include Yellow’s Carlisle, Pennsylvania, terminal, the Wall Street Journal reports.
Sarah Riggs Amico, the executive chair of trucking company Jack Cooper Transport, led a bid to buy Yellow through a new company called Next Century Logistics, and she had urged the U.S....
(Reuters) - Trucking company XPO Inc won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. XPO...
JOHNS CREEK, Ga., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited...
Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers. The unionized company has been in...
A U.S. bankruptcy judge on Friday approved Yellow Corp's $82.9 million sale of 23 leased shipping centers to six other trucking companies, one month after the majority of the company's real...
A Delaware court approved the sale of 128 freight terminals owned by bankrupt less-than-truckload carrier Yellow Corp., according to an audio recording of a Dec. 12 hearing.
Yellow Corp., a once-dominant US trucking company, has filed for bankruptcy as it winds down its 99-year-old business that employs 30,000 workers. The Nashville-based logistics provider announced...
Executives from the bankrupt trucking company Yellow turned down a billion-dollar bid from investors on Thursday that could have resurrected much of the iconic freight company's network.