Richmond, Va.-based trucking company Estes Express Lines has submitted a $15 million bid to acquire certain equipment assets from bankrupt carrier New England Motor Freight’s Eastern Freightways and Carrier Industries divisions.
If its bid is successful, Estes said the equipment would boost its flatbed and dedicated transport businesses.
There is a scheduled court hearing for May 16 to approve the final winning bid, Estes said.
“We’re seeking steady growth of our flatbed truckload capabilities,” said Bobby Speight, corporate vice president of Estes Level2 Logistics, in a statement. “If our bid is successful, the transaction would support this vision.”
Estes closes New England Motor Freight affiliates deal
The Richmond, Va.-based trucking company’s $15 million bid for Eastern Freight Ways and Carrier Industries was approved by a judge in mid-May.
20 days ago