www.freightwaves.com
The fat lady hasn't sung yet, but she is warming up.Impossible.. Yellow needs those terminals.. some flavour of the week white knight is going to save Yellow and 30000 people will be back just like the good old days. Just read every other post in this forum for proof.
I’m surprised Chicago heights is on the unsold list. And Memphis.
How can you invest money that you never had in the first place?
I didn't see Denver anywhere on the list but maybe I missed it
Oh, how we wish, but the likelihood of that happening is somewhere between non-existent and zero.Impossible.. Yellow needs those terminals.. some flavour of the week white knight is going to save Yellow and 30000 people will be back just like the good old days. Just read every other post in this forum for proof.
Maybe it’s leased? Colorado Springs isn’t on the list either and I thought they sold that one some time ago and leased it back.I didn't see Denver anywhere on the list but maybe I missed it
That’s a leased terminal owned by “Rlf I-C Spe LLC C/O Northamerican Terminals Management LLC” in Maryland.I didn't see Denver anywhere on the list but maybe I missed it
Impossible.. Yellow needs those terminals.. some flavour of the week white knight is going to save Yellow and 30000 people will be back just like the good old days. Just read every other post in this forum for proof.
I'm afraid that's wishful thinking, Rum. Here's why-the bid for the already sold terminals is nearly equal to the Next Century bid for the going concern, AND there are 46 terminals still on the auction block, AND the rolling stock value still hasn't been realized, AND the Treasury says they can't extend the CARES load maturity date without an act of Congress. So the possibility of that "going concern" bid being accepted at this point is practically non-existent. It would make the difference between the unsecured creditors not seeing any money, and the unsecured creditors seeing at least a part of their money. I'm sure you can figure out where that's headed.
And I hope that miracle comes of fruition. I really do!I get what you're saying and also the reasoning everybody is giving for thinking it is over. However, while the Treasury dept. said they didnt know for sure if they can defer the loan they also said it MAY be possible and initially said that DOJ probably had the authority to make an exception which was in the process of being requested. The other properties still up for auction are irrelevant since everything has to be approved so it's still business as usual as far as the auction is concerned for the reasons I previously mentioned, they are not going to just stop everything because of the going concern offer but that doesn't mean the high bidders will automatically get everything. Sure it's a longshot but thats what has been said all along, it's a longshot bid but not impossible. Yes I do believe miracles!
