Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

FRESH

Sunday, March 16, 2025
Logistics

Estes to open at least 20 terminals this year

Less-than-truckload carrier Estes said Monday it will start opening terminals it has acquired from defunct Yellow Corp. as part of a “national expansion.”

The carrier acquired 24 service centers for $249 million at Yellow’s (OTC: YELLQ) first auction, which concluded in early December. It picked up five leased properties for $35 million at a second auction a couple of weeks later.

A more than $1.5 billion stalking horse bid from the company in September set the minimum valuation for Yellow’s real estate portfolio ahead of the auctions. That bid eclipsed an offer from rival carrier Old Dominion Freight Line (NASDAQ: ODFL).

Estes opened a 58-door terminal in Florence, South Carolina, last week. It said it will soon open locations in Reno, Nevada (54 doors), and Cinnaminson, New Jersey (92 doors). The latter two properties were acquired from Yellow’s estate.

In total, Estes plans to open at least 20 terminals this year, the first eight by the end of June. The company will add locations in Tacoma, Washington; San Fernando Valley, California; Detroit; and Austin, Texas, among other areas this year, totaling 985 doors.

Estes has also added more than 130 tractors and 6,000 trailers, as well as other equipment, from Yellow’s former locations.

“These acquisitions represent the single biggest influx of terminals and equipment in Estes’ recent history,” said Webb Estes, the company’s president and chief operating officer.

Other carriers recently reopened former Yellow terminals.

Last week, XPO (NYSE: XPO) said it had opened three of the 28 locations it acquired from Yellow as part of an $870 million acquisition, and Saia (NASDAQ: SAIA) said it had begun the relaunch of the 28 locations valued at $244 million that it purchased from the estate.

“Acquiring these terminals was just step one — we’re now focused on putting them to work as quickly as possible to better serve our customers, which is exactly what we’re doing with these first ones,” said Carrie Johnstone, Estes’ vice president of customer experience and innovation.

More FreightWaves articles by Todd Maiden

March freight metrics flat with February, Cass data shows

WARN Act claims against Yellow may not be settled this year

XPO starts opening terminals acquired from Yellow

The post Estes to open at least 20 terminals this year appeared first on FreightWaves.

Related Posts

Load More Posts Loading...No More Posts.