Yellow Freight System Inc
Yellow Corporation, a prominent name in the transportation and logistics industry, announced the cessation of its operations and filed for voluntary Chapter 11 bankruptcy on August 6, 2023, marking a significant end to nearly a century of business. The company and its affiliates, including YRC Freight, USF Holland, and New Penn Motor Express, sought relief under the U.S. Bankruptcy Code, prompting a comprehensive auction of its rolling stock assets.
In the wake of its closure, Yellow's extensive inventory, which includes a wide array of trucks, trailers, and other equipment, is being managed by Ritchie Bros. along with Nations Capital LLC, with assets located across over 300 terminal locations in the United States and Canada. This transition signals a critical moment for the transportation sector as the company prepares for equipment liquidation.
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