Irontrax to sell assets from the largest freight bankruptcy in history

Irontrax, an appraisal and asset disposition company, has announced that it will participate in the sale of assets resulting from the bankruptcy of trucking company Yellow Freight . This news is significant for the trucking industry, especially for trucking companies and drivers who have been affected by the bankruptcy of Yellow Freight.

In August, Yellow and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware for the company’s planned operational wind-down. In its wake, Yellow left behind a network of 170 truck terminals and 30,000 former employees .

While other trucking companies have absorbed the daily shipments once handled by Yellow, Irontrax will participate in the sale of properties and other assets . This is a significant development as Irontrax is known for its expertise in facilitating asset sales and disposition of assets . The company’s participation in this historic sale offers an essential platform for industry players to participate in this once-in-a-generation opportunity .

Irontrax’s participation in the sale of assets resulting from Yellow Freight’s bankruptcy is a positive development for the trucking industry. It provides an opportunity for trucking companies and drivers to acquire assets that can help them grow their business and improve their operations. Irontrax’s expertise in facilitating asset sales and disposition of assets makes it an ideal partner for trucking companies and drivers who are looking to acquire assets at a reasonable price .