Saturday, April 07, 2012

YRC Worldwide Reviewing Bids for Terminals

Sealed-bid auction for 61 excess LTL terminals across U.S. ended March 29

YRC Worldwide received “multiple bids” for more than 60 facilities put up for sale via a sealed-bid auction and is analyzing those offers, a company spokesperson said.

No final decisions have been made on the properties, which are mostly vacant. YRC Worldwide and NRC Realty & Capital Advisors launched the auction in January.

The deadline for bids on the properties, ranging from a six-door facility in Temple, Texas to a 349-door cross-dock complex in Kernersville, N.C., was March 29.

Altogether, the terminals and offices for sale represent plenty of capacity for less-than-truckload carriers looking to expand, about 2,300 dock doors in total.  Full Story...........

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