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White … er … YELLOW’s knight.

Estes and Yellow have worked together before … Estes is a carrier for Yellow in some markets, and they’ve done real estate deals before.  But last Wednesday Estes announced that they’ll buy properties from YRC (primarily Yellow, Roadway, and USF terminals in the US) and then lease them back to YRC.  Estes’ investment could top $120 million, and will significantly enlarge their real estate portfolio, while Yellow gets sorely-needed capital.

Is anyone else getting a sense of reverse-balkanization among the majors?

This entry was posted on Monday, February 23rd, 2009 at 2:12 pm and is filed under Sobedesign. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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