(WTVO) — A second company has made an offer for the bankrupt “Yellow Corporation.”
“Old Dominion” is after Yellow’s real estate holdings and trucking terminals. It recently bid $1.5 billion. This second bid may lead to an auction supervised by a bankruptcy court.
“Yellow” has nearly 170 truck terminals, with one of those being in Rockford.
Money from a deal would let it cover the loans accumulate before its “Chapter 11” filing. The company was in business for 99 years before its financial collapse.