ST. LOUIS — A trucking company wants to buy two properties in the St. Louis area as part of the selloff of bankrupt freight company Yellow Corp.’s real estate assets.
XPO Inc. (NYSE: XPO) of Greenwich, Connecticut, submitted the winning $870 million bid to purchase 26 Yellow-owned properties and two leased properties out of bankruptcy, according to documents filed Monday with a Delaware bankruptcy court. Yellow Corp., a less-than-truckload carrier that had long been based in the Kansas City area but moved last year to Nashville, in August filed for Chapter 11 bankruptcy after shutting down all operations July 30.
Among the properties Yellow owned that appear on the list, XPO successfully bid on a 15.98-acre property at 400 Barton St., in the riverfront Kosciusko neighborhood east of Soulard. Also part of the bid was Yellow’s property in the Gateway Commerce Center industrial park in Edwardsville, at 24 Gateway Commerce Drive.
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