Richmond, VA–Estes, the largest, privately owned freight carrier in North America, has closed on lease purchases for seven former Yellow Transportation terminals across the country. In total, Estes has purchased 29 terminals and ten Estes-owned terminal leases once possessed by the former trucking company. Estes has remained a debt-free company following these acquisitions.
Estes will be relocating six terminals into the new facilities in the following cities:
- Charlotte, North Carolina
- Milwaukee, Wisconsin
- Minneapolis, Minnesota
- Rockford, Illinois
- South Bend, Indiana
- Eugene, Oregon
The transaction adds a net-positive of 290 doors to its coast-to-coast network. The company’s new Charlotte terminal will be its largest in the country with 275 doors. Year to date, Estes has a total of 11,832 doors, up 508 doors since January 1, which is a 4.5% year-over-year increase. The company plans to add an additional 940 doors over the next nine months.
“These acquisitions are yet another example of our commitment to investing in resources that add capacity, all to better serve our customers,” said Webb Estes, president and COO. “I applaud our team's hard work and dedication for how quickly we’ve been able to deploy and take advantage of these new assets, which include hundreds of shipping containers and trailers, throughout our fleet.”
Since the start of 2024, Estes has also purchased 6,800 additional trailers, increasing its total to more than 45,000 across the country.
About Estes
Estes is North America’s largest privately owned freight carrier. As an asset-based transportation provider with a global footprint, Estes combines nearly a century of regional freight shipping expertise with the resources, reach, and reliability of a national carrier. Backed by its 280+ North American terminals, nearly 7,000 next-day lanes, and fleet of more than 10,000 tractors, Estes is committed to getting America's freight where it needs to go, when it needs to get there. And with its continued investment in leading-edge technology, as well as the support of its more than 23,000 employees, Estes always goes the extra mile to deliver exceptional experiences that keep its customers coming back. The carrier’s comprehensive freight shipping solutions include Less Than Truckload (LTL), Volume LTL and Truckload, Time Critical Guaranteed, Custom Shipping and Logistics, and Final Mile. From short-haul to global freight forwarding—Estes does it all.
