Estes, a less-than-truckload carrier, announced its plans for a significant expansion by acquiring terminals from the Yellow Corp. The acquisition includes 24 service centers.
The company has already opened a 58-door terminal in Florence, South Carolina, and intends to open additional locations in Reno, Nevada (54 doors), and Cinnaminson, New Jersey (92 doors), all acquired from Yellow’s estate.
“These acquisitions represent the single biggest influx of terminals and equipment in Estes’ recent history,” said Webb Estes, the company’s president and chief operating officer.
Estes plans to launch a total of at least 20 terminals this year, with the first eight expected by June’s end. Additional openings are scheduled for Tacoma, Washington; San Fernando Valley, California; Detroit; and Austin, Texas, totaling 985 doors.
Estes has also bolstered its fleet with over 130 tractors, 6,000 trailers, and various equipment obtained from former Yellow locations.
“Acquiring these terminals was just step one — we’re now focused on putting them to work as quickly as possible to better serve our customers, which is exactly what we’re doing with these first ones,” said Carrie Johnstone, Estes’ vice president of customer experience and innovation.
Source: Freightwaves
