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Sacramento facility headlines latest Yellow Corp. terminal sales
Yahoo Finance· 2025-12-17 19:17
Core Insights - A federal bankruptcy court in Delaware has approved the sale of three terminals owned by Yellow Corp. for a total of $4 million, with significant sales including a facility in West Sacramento for $3.4 million [1] - Crown Enterprises, the real estate division of Central Transport, has acquired the Monroe terminal, contributing to a total of 12 locations purchased for $93 million since the auctions began [2] - Yellow Corp. has liquidated most of its estate, generating $2.4 billion from real estate sales and $176 million from equipment sales, which have been used to address $1.2 billion in secured debt and other financial obligations [3] - A final liquidation plan has been approved, and Yellow has reached agreements to reduce withdrawal liability claims from 14 multiemployer pension plans, although these agreements are being contested by its largest shareholder, MFN Partners [4]