This webinar was held on 12/13/23 and moderated by Mike Regan, Co-Founder of TranzAct, with panelists:
David Ross, EVP, Roadrunner
Steve Robinson, CEO, The Supply Chain Project
RECORDING
Description:
On Monday, December 4th, 2023 the initial results from the auction of the Yellow terminals were announced. Thus far, 128 of the 174 owned properties have been auctioned off. Two additional leased properties were also sold. All told, the auction has generated approximately $1.9B in proceeds that will be used to pay Yellow’s creditors.
It is safe to say that there were some surprises coming from this auction. With a substantial portion of the Yellow terminals now sold, we can get a better understanding of what the LTL sector looks like in a post-Yellow world as well as the decisions LTL shippers will need to make in 2024.