RICHMOND, Va. — Estes has been approved by the court to complete the purchase of 11 additional terminals from former Yellow Corp., including seven owned properties and four leased terminals across the country; once these additional purchases are completed, Estes will have purchased 37 owned and leased terminals and 15 Estes-owned terminal leases once possessed by the former trucking company.
“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.”
The seven owned properties include:
- A 167-door, 52.7-acre Tracy, Calif. terminal
- A 75-door, 13.5-acre Fort Wayne, Ind. terminal
- An 80-door, 21.9-acre Jeffersonville, Ind. (Louisville, Ky.), terminal
- A 136-door, 39.2-acre Hagerstown, Md. terminal
- A 67-door, 8.6-acre Omaha, Neb. terminal
- A 216-door, 42.9-acre Cincinnati, Ohio terminal
- A 198-door, 95-acre Ringgold, Ga. (Chattanooga, Tenn.) terminal
The four leased properties are in Norway, Mich. (Iron Mountain); Dunmore, Penn. (Scranton); Miami, Fla.; and Orange, Calif.
“This is another exciting growth opportunity for Estes, and it wouldn’t have been possible without the hard work and dedication of Angela [Maidment] and her team,” said Webb Estes, president and COO. “This year, our ability to not only add properties to our network, but for Kevin Fitz and his facilities maintenance team to quickly get them up to Estes standards has been a testament to all the collective efforts of Team Estes. We again look forward to serving more customers, more efficiently with these latest acquisitions.”
According to a company press release, Estes has invested heavily in real estate and equipment in 2024, adding nearly 7,000 trailers and over 700 doors through six new terminals and the relocation of 14 others to larger facilities. Year to date, Estes has a total of 12,028 doors, up 704 doors since January 1, 2024, which is a 6.2% year-over-year increase.
Dana Guthrie is an award-winning journalist who has been featured in multiple newspapers, books and magazines across the globe. She is currently based in the Atlanta, Georgia, area.
