Yellow assets begin opening around US

North American freight carrier, Estes, has begun opening the first of its 24 terminals acquired from former transporter, Yellow.

The most recent opening was held in Florence, South Carolina, with two more set to soon begin operating in Reno, Nevada and Cinnaminson, New Jersey. The privately owned carrier has recently retrofitted all three for its operations.

These assets are among the 24 terminals Estes acquired from Yellow, which filed for bankruptcy last August. Estes also has added more than 130 tractors and 6,000 trailers, along with thousands of other pieces of equipment, such as load bars, air bags and freight tables to its fleet. It will add a total of 985 doors to its network.

“These recent acquisitions represent the single biggest influx of terminals and equipment in Estes’ history,” said president and COO, Webb Estes. “I applaud our team for their speed and agility, which allowed us to integrate these assets into our operations quickly and seamlessly. It exemplifies the grit, resiliency and can-do spirit of Team Estes and how we work together to provide exceptional service to our customers.”

Estes plans to open an additional seven terminals across the U.S. by the end of June, with the remaining of the Yellow-acquired properties following soon after.

“New terminal capacity doesn’t just ease congestion, it unlocks efficiency, reliability, and value for our customers, paving the way for smoother operations and an enhanced experience,” said the Vice President of Customer Experience and Innovation, Carrie Johnstone. “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.”

In other news, infrastructure investment manager, I Squared Capital, has announced it will acquire TIP Canada.

Send this to a friend