Estes recently announced it has closed on lease purchases for seven former Yellow Transportation terminals across the country.
In total, Estes has purchased 29 terminals and 10 Estes-owned terminal leases once possessed by the former trucking company, which closed and filed for bankruptcy a little more than a year ago. Estes said it has remained debt-free following these acquisitions.
Estes said it will relocate six terminals into the new facilities in the following cities:
- Charlotte, North Carolina
- Milwaukee, Wisconsin
- Minneapolis, Minnesota
- Rockford, Illinois
- South Bend, Indiana
- Eugene, Oregon
The transaction adds a net-positive of 290 doors to its coast-to-coast network.
The company’s new Charlotte terminal will be its largest in the country with 275 doors. Year to date, Estes has a total of 11,832 doors, up 508 doors since Jan. 1, which is a 4.5% year-over-year increase. The company plans to add an additional 940 doors over the next nine months.
“These acquisitions are yet another example of our commitment to investing in resources that add capacity, all to better serve our customers,” said Webb Estes, president and COO. “I applaud our team's hard work and dedication for how quickly we’ve been able to deploy and take advantage of these new assets, which include hundreds of shipping containers and trailers, throughout our fleet.”
Since the start of 2024, Estes said it has also purchased 6,800 additional trailers, increasing its total to more than 45,000 across the country.
