Old Dominion Bids $1.5 B for Yellow's Terminals

Old Dominion Freight Lines has bid $1.5 billion to acquire all of Yellow's terminals. This bid is confirmed in Yellow's August 18 filing (attached below) with the bankruptcy court; ODFL's offer is detailed on page 22 and signed by ODFL's CEO on page 29.

Source: Cam Vilay

If ODFL gets the properties, it will likely sell off many of the properties, but could use some of the terminals for expansion of their operation.

Yellow owes Teamster health and welfare and pension plans some $45 million. The company is claiming that it can meet all its debt obligations by selling its assets, and this bid by ODFL tends to confirm that.

Get Advice Join TDU Donate

Recent News

Albertsons Teamsters Ratify Strong Contract

Last year, Local 771 members elected new local leaders on a program of building union power by involving members. Now nearly 500 grocery Teamsters at Albertsons have won a new contract that includes record wage increases and benefit improvements.

Webinar: Build Bargaining Power with a Contract Campaign

From national contracts to local agreements, unions are mobilizing to take on employers and win. Watch the recording of the webinar to hear how.

View More News Posts