Defunct transportation services provider Consolidated Freightways is holding nearly 20 auctions on July 17 and 18, just days after its two surviving rivals announced a merger deal.
The Washington state company was once the third largest less-than-truckload carrier behind Yellow Corp. and Roadway Corp. CF says it has sold 100 properties since filing for Chapter 11 reorganization on Sept. 3, 2002.
The auctions to date have raised $218 million. It hopes to sell off 220 more properties worth about $400 million.
The auctions next week take place at former CF distribution terminals throughout the United States.
Interested parties who would like to participate in the July 17-18 bankruptcy auctions should submit the form Request to be Designated a Qualified Bidder at Auction. That form can be found at www.cfterminals.com/Overbidder.html and must be submitted prior to the date of the auction.
The indicated deposit must also be received, via wire or certified check, prior to the date of the auction.
Potential bidders should direct any questions about the property and the bidding procedures that cannot be answered at the company's web site www.cfterminals.com, or call Transportation Property Co. at (800) 440-5155.
The Washington state company was once the third largest less-than-truckload carrier behind Yellow Corp. and Roadway Corp. CF says it has sold 100 properties since filing for Chapter 11 reorganization on Sept. 3, 2002.
The auctions to date have raised $218 million. It hopes to sell off 220 more properties worth about $400 million.
The auctions next week take place at former CF distribution terminals throughout the United States.
Interested parties who would like to participate in the July 17-18 bankruptcy auctions should submit the form Request to be Designated a Qualified Bidder at Auction. That form can be found at www.cfterminals.com/Overbidder.html and must be submitted prior to the date of the auction.
The indicated deposit must also be received, via wire or certified check, prior to the date of the auction.
Potential bidders should direct any questions about the property and the bidding procedures that cannot be answered at the company's web site www.cfterminals.com, or call Transportation Property Co. at (800) 440-5155.
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