Saia agrees to buy 17 Yellow freight terminals for $235.7 million in bankruptcy sale
Saia's subsidiary agreed on December 5, 2023 to buy real property interests in 17 freight terminals from Yellow Corporation and its subsidiaries for $235.7 million, as part of Yellow's Chapter 11 asset sale. The deal requires Bankruptcy Court approval and regulatory clearances, and is expected to close in the first quarter of 2024, which would add Yellow's former terminal network to Saia's footprint.
Key points
- Purchase price is $235.7 million, subject to normal closing adjustments and assumed liabilities
- A $11.8 million earnest money cash deposit has been made and will be applied to the price at closing
- Bankruptcy Court hearing to consider approval is anticipated on December 12, 2023
- Closing expected in Q1 2024 using cash on hand and credit facility availability; either party may terminate if not closed by February 6, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 11, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.