Nations Capital and Ritchie Bros. Auctioneers have received bankruptcy court approval to be the agent and liquidator of Yellow Corporation's transportation assets, Truckers News reported. The companies will manage the relocation, transportation, refurbishment, inventory, storage and sale of Yellow's rolling stock assets. The sale will include about 60,000 units of trucks, trailers and miscellaneous LTL support equipment located across the U.S. and Canada at over 300 terminal locations. The two companies will implement a multi-faceted sales strategy, including private treaty and strategic bulk sales, as well as live and fully digital formats, to maximize the value of the trucks and trailers throughout 2024. For nearly 100 years, Yellow Corp. was one of the largest logistics and LTL networks in North America, with local, regional, national and international capabilities. After extended financial issues, the company ceased operations and filed for chapter 11 in early August.
