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Yellow may create REIT to manage remaining portfolio of truck terminals

REIT proposal requires approval from bankruptcy court judge in trucking company's Chapter 11 case
If Yellow Corp. receives bankruptcy court approval, it may establish a real estate investment trust that would control dozens of truck terminals in the U.S. and Canada, including this one near Grand Rapids, Michigan. (CoStar)
If Yellow Corp. receives bankruptcy court approval, it may establish a real estate investment trust that would control dozens of truck terminals in the U.S. and Canada, including this one near Grand Rapids, Michigan. (CoStar)
CoStar News
September 4, 2024 | 6:14 P.M.

Yellow Corp. may form a real estate investment trust to manage its remaining portfolio of truck terminals and other properties, one potential option for the defunct trucking company to exit its bankruptcy restructuring.

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