---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-296122"
form_type: "8-K"
ticker: null
cik: "0000716006"
company_name: "Yellow Corp"
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T12:18:40.461122+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bankruptcy Court approves $1.883B sale of 130 properties to 21 bidders; XPO leads with $870M

## Summary
- Total purchase price of $1,882,637,655 for 128 owned and 2 leased properties approved by Bankruptcy Court on Dec 12, 2023.
- Largest buyer XPO, Inc. at $870M; other public buyers include Saia ($235.7M), Knight-Swift ($51.3M), ArcBest ($30.2M).
- Sales under Section 363 of Bankruptcy Code; remaining real property to be sold at a later date.
- Yellow Corporation filed Chapter 11 on August 6, 2023; this sale is part of the liquidation process.

## SEC filing metadata
- accession: 0001193125-23-296122
- form_type: 8-K
- cik: 0000716006
- company_name: Yellow Corp
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716006/000119312523296122/0001193125-23-296122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716006/000119312523296122/d12936d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-296122
- JSON: https://secwatch.observer/filing/0001193125-23-296122.json
- Plain text: https://secwatch.observer/filing/0001193125-23-296122.txt

## Key facts
- Distress & Bankruptcy
  Yellow Corp entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the District of Delaware
  - Petition: 2023-08-06
  source text: on August 6, 2023 (the " Petition Date "), Yellow Corporation (the " Company ") and certain of its direct and indirect subsidiaries (collectively, the " Company Parties "), filed voluntary petitions for relief (the " Chapter 11 Cases ") under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware (the " Bankruptcy Court "). The Chapter 11 Cases are being jointly administered under the caption In re: Yellow Corporation, et al., Case No. 23-11069.
  evidence_url: https://www.sec.gov/Archives/edgar/data/716006/000119312523296122/0001193125-23-296122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.