Estes Express Lines

The first big winner in the bankruptcy dismantling of Yellow Corp. is less-than-truckload (LTL) rival, Richmond, Va.-based Estes Express, the nation’s fourth-largest LTL carrier.

Richmond, Va.-based Estes Express, the nation’s fourth-largest LTL carriers with $4.4 billion revenue last year, has made a $1.3 billion bid for all of defunct Yellow’s 160 company-owned terminals.