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Old Dominion ups ante with $1.5B bid on Yellow’s terminalsLTL carrier’s offer exceeds previous $1.3B Estes bidTodd Maiden Saturday, August 19, 2023Less-than-truckload carrier Old Dominion Freight Line entered a $1.5 billion bid for Yellow Corp.’s terminals, according to a Friday filing in a Delaware bankruptcy court. The new offer exceeds the $1.3 billion bid from LTL peer Estes Express Lines, which was revealed at a Thursday status update.The offer for the 166-terminal portfolio is a stalking …

Yellow fallout apparent in Saia’s August numbersLTL carrier reports 13% y/y jump in shipmentsLess-than-truckload freight flows continue to be redistributed following the shutdown of carrier Yellow Corp. Saia Inc. said Tuesday after the market closed that shipments per day were up 13% year over year (y/y) through the first two weeks of August.The update followed a 6% y/y increase in shipments during July, the first month in which Yellow’s (NASDAQ: YELL) troubles resulted in a material diversion o …

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Important Change of Address AnnouncementDear valued customers and partners,As part of our commitment to providing exceptional service and expanding our capabilities, we have moved our entire administrative operations to a brand-new location in Agoura Hills, CA. Details about our new headquarters can be read here. http://go.pardot.com/e/995712/any-about-global-headquarters-/298mn/153099412?h=iE1jzju_GcwOk9LUgBDH60UaSOMmLvkNh2SXx70N72s The new premises offer several advantages that will enhance …