A U.S. bankruptcy judge on Friday approved Yellow Corp's $82.9 million sale of 23 leased shipping centers to six other trucking companies, one month after the majority of the company's real estate assets sold for $1.88 billion, Reuters reported. U.S. Bankruptcy Judge Craig Goldblatt in Wilmington, Del., approved the sale in a written order on Friday, after Yellow filed court papers indicating that no one had raised any objections to the sale. Rival trucking company Estes Express Lines was the largest buyer in Yellow's latest asset sale, picking up five leased properties for a price of $35.3 million, according to court documents. Estes previously purchased 24 properties from Yellow for $248 million, and it had offered $1.525 billion in an unsuccessful effort to buy all of Yellow's real estate. Yellow chose to break up its business rather than keeping the company intact for potential buyers. With most of its real estate assets already sold, the company is focused on a separate sale of its vehicle fleet.
