Estes has purchased 11 more terminals from the former Yellow Corp., including seven owned properties and four leased terminals. This increases Estes’ acquisitions from Yellow Corp. to 37 owned and leased terminals and 15 Estes-owned terminal leases.
“These additional terminals are another example of Estes’ commitment to investing in resources that create more capacity, opportunity, and resiliency for our company and those we serve,” said Angela Maidment, Vice President, Corporate Real Estate and Legal Affairs. “Estes’ creativity in both investing and acquiring real estate, plus growing our equipment base, will support our continued expansion and allow us to begin 2025 on a positive, growth-minded note, especially one that didn’t see Estes incur any debt or jeopardize our strong financial position.”
Read more: Estes claims Yellow owes millions in terminal maintenance
The seven owned properties Estes bought include:
- A 167-door, 52.7-acre Tracy, California, terminal
- A 75-door, 13.5-acre Fort Wayne, Indiana, terminal
- An 80-door, 21.9-acre Jeffersonville, Indiana (Louisville, KY), terminal
- A 136-door, 39.2-acre Hagerstown, Maryland, terminal
- A 67-door, 8.6-acre Omaha, Nebraska, terminal
- A 216-door, 42.9-acre Cincinnati, Ohio terminal
- A 198-door, 95-acre Ringgold, Georgia (Chattanooga, TN), terminal
Additionally, the four leased properties are located in Norway, Michigan (Iron Mountain); Dunmore, Pennsylvania (Scranton); Miami, Florida; and Orange, California. These additions round out Estes’ equipment and real-estate acquisitions for 2024, with the company buying almost 7,000 trailers and over 700 doors through six new terminals, as well as relocating 14 terminals to larger facilities.
