Estes Express Lines is first in line to buy the terminals, tractors and trailers of bankrupt less-than-truckload rival Yellow Corp. after agreeing to submit a $1.3 billion stalking horse bid, a court heard Aug. 17. Richmond-Va.-based Estes will not, however, provide a $230 million loan to Yellow, as was under discussion the last time the U.S. Bankruptcy Court–District of Delaware heard from lawyers representing Yellow, its shareholders and creditors on Aug. 11.

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