Old Dominion Freight Line has submitted a bid of $1.5 billion to acquire the North American holdings of the newly bankrupt Yellow Trucking. Old Dominion Freight Line's bid may trigger a court-supervised auction and would give the winning bidder access to 169 trucking terminals while providing Yellow the funds to address pre-chapter 11 debts. Yellow faced financial challenges due to debt and labor conflicts, with a bankruptcy filing showing up to $10 million in assets and liabilities. The company received a $700 million bailout from the Trump administration to protect its workforce and is now working to repay it.