Ritchie Bros., Nations Capital approved to handle sale of Yellow equipment

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Trucking news and briefs for Friday, Nov. 3, 2023:

Ritchie Bros., Nations Capital handling sale of Yellow equipment

Nations Capital (NCI and Ritchie Bros. Auctioneers have received bankruptcy court approval to be the agent and liquidator of Yellow Corporation's transportation assets.

The companies will utilize the expansive footprint of both Ritchie Bros. and IAA facilities to manage the relocation, transportation, refurbishment, inventory, storage and sale of the rolling stock assets, including approximately 60,000 units of trucks, trailers and miscellaneous LTL support equipment located across the United States and Canada at more than 300 terminal locations.

NCI and Ritchie Bros. will implement a multi-faceted sales strategy, including private treaty and strategic bulk sales, as well as live and fully digital formats, to maximize the value of the trucks and trailers throughout 2024.

"We are honored to provide Yellow Corporation a comprehensive solution to maximize the value of its rolling stock assets," said Jim Burke, Executive Vice President, NCI. "The historic size and complexity of this transaction required a highly coordinated effort between the teams at NCI, Ritchie Bros. and the company. Together with Ritchie Bros., we are prepared to lead one of the largest disposition events in our industry."

Additional details about the purchase of the rolling stock assets can be found at nci.direct or by contacting [email protected].

Yellow filed Chapter 11 bankruptcy Aug. 6, officially putting to rest weeks, if not years, of speculation of its financial demise.

[Related: Teamsters call for investigation of Yellow bankruptcy]

CARB hosting webinars for new Clean Truck Check Reporting system

The California Air Resources Board is inviting trucking companies to participate in one of four public online training webinars on its new Clean Truck Check-Visual Inspection System (CTC-VIS) reporting site.

Clean Truck Check staff held and recorded a webinar on Sept. 27 to walk fleet representatives through the reporting process. CARB staff highly recommends watching this recording, accessed at this page, prior to registering for one of the other webinars to determine if registering for an upcoming webinar is necessary. Seven training module videos have also been posted for those who only need to better understand a specific aspect of reporting.

The upcoming webinars will be held via Zoom. Interested parties must register for a specific date to participate. The Nov. 16 and Dec. 5 meetings will be recorded and made available on the Clean Truck Check Reporting page. Questions answered during the Nov. 3 and Dec. 18 meetings will be posted to the page after the meeting’s conclusion.

Those interested can register for the meeting they wish to attend by clicking the links below:

As previously reported, CARB’s new Clean Truck Check program requires fleets to register any trucks operating in California, regardless of where it’s plated, in the new system and pay a $30-per-truck fee. The program requires non-gasoline (diesel, alternative fuel, and hybrid) trucks, buses, and other heavy-duty vehicles (such as California-registered motorhomes) with a gross vehicle weight rating over 14,000 pounds to undergo emissions testing if they operate in the state.

[Related: California puts teeth in emission regs with new 'smog check' system]