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A Yellow facility in Nashville, Tenn., in 2023. (George Walker IV/Associated Press)

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Four more terminals once part of the less-than-truckload network of bankrupt carrier Yellow Corp. found new owners in recent days, court filings show.

Yellow filed for bankruptcy in August 2023. At the time Yellow sought court protection, it was the No. 3-ranked LTL player, owning 169 terminals and holding leases for 149 more.

As of late September, a total of 112 terminals remained on the Yellow estate’s plate, comprising 47 owned terminals and 65 leased properties.

Since then, at least 42 terminals have been either sold in private deals or leased terminals have been returned to their owners.

The latest four terminals were sold for a combined $6.85 million, the July 14 court documents show.

A Queens, N.Y.-based building firm, Kordun Construction, bought the most expensive property of the four — a Plainview, N.Y., service center — for $4 million. When Yellow went bankrupt, the site had 45 employees.

Kordun principal Ivan Turkalj was not immediately available for comment.

Yellow’s former Council Bluffs, Iowa, service center was bought for $2 million in a deal sealed July 10.

A real estate company paid $600,000 for the Millville, N.J., facility. A towing and recovery firm paid $200,000 for Yellow’s onetime Alexandria, La., property.

The piecemeal sale of the remains of the estate by private sale follows an initial switch in December from plans announced in October to auction off the remaining 112 terminals.

Estes Express Lines and an affiliate of R+L Carriers were the first parties to ink private sales with the administrators of the Yellow estate, jumping the queue to buy 12 terminals for a combined $192.5 million.

Richmond, Va.-based Estes paid $142.5 million for seven owned properties and four leased terminals with a combined 939 doors.

Estes has been the most active of Yellow’s onetime peers, winning the second-largest number of terminals in the first auction and was the biggest spender in the second auction.

The purchases are the cornerstone of a growth push by the company to reach 14,000 doors by 2026, President and Chief Operating Officer Webb Estes told Transport Topics recently.

Ramar Land Corp. paid $50 million for the 304-door, 51.2-acre Maybrook, N.Y., facility. The Maybrook facility was the second-largest owned property available in the third auction.

As the private sales progress, fewer LTL carriers are surfacing in the lists of buyers.

Previously, two rounds of auctions raised $1.88 billion and $82.9 million through the sale of 128 and 23 of Yellow’s owned and leased terminals, respectively. Auctions of Yellow’s tractors and trailers followed in 2024 through a process conducted by Ritchie Bros.