YRC Worldwide is selling 61 terminals in a sealed-bid auction with a deadline of March 15. The "buy one, some or all" auction is part of YRC's plan to speed freight flow by eliminating unnecessary handling in its remaining network of about 300 terminals.


Most of the terminals are vacant surplus terminals the company hasn't yet been able to sell and are not part of the company's active less-than-truckload network. The terminals up for bid range from a six-door facility in Temple, Texas to a 349-door cross-dock complex in Kernersville, N.C., according to NRC's online listing.

After Kernersville, the largest terminals up for bidding are:

-Toledo, Ohio, 204 doors
-Buffalo, N.Y., 141doors
-Los Angeles, 126 doors

The terminals have been vacant since Yellow Transportation and Roadway joined YRC in 2009. Most of the facilities up for bid were built in the 1960s, '70s and '80s, and a few were built or upgraded in the '90s.

YRC Worldwide has suffered more than $2.5 billion in losses since 2006 as it has struggled to match its network with freight demand.

"Our vacant sites are currently a liability with substantial holding cost, maintenance and real estate taxes," says CFO Jamie Pierson. "We have chosen the auction process to monetize these properties and turn a liability into an asset which can be quickly reinvested in our business."