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Stock impact report

Estes to open at least 20 terminals this year [Yahoo! Finance]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: Yahoo! Finance
The carrier acquired 24 service centers for $249 million at Yellow's ( OTC: YELLQ first auction , which concluded in early December. It picked up five leased properties for $35 million at a second auction a couple of weeks later. A more than $1.5 billion stalking horse bid from the company in September set the minimum valuation for Yellow's real estate portfolio ahead of the auctions. That bid eclipsed an offer from rival carrier Old Dominion Freight Line ( NASDAQ: ODFL Estes opened a 58-door terminal in Florence, South Carolina, last week. It said it will soon open locations in Reno, Nevada (54 doors), and Cinnaminson, New Jersey (92 doors). The latter two properties were acquired from Yellow's estate. In total, Estes plans to open at least 20 terminals this year, the first eight by the end of June. The company will add locations in Tacoma, Washington; San Fernando Valley, California; Detroit; and Austin, Texas, among other areas this year, totaling 985 doors. Estes has also Show less Read more
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