TOP 30 Chapter 11 bankruptcy in Columbia, Maryland

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New Penn, located in Columbia, Maryland, United States, has unfortunately ceased operations after nearly 100 years in business. On August 6, 2023, the institution, along with other affiliates of Yellow Corporation, filed for Chapter 11 bankruptcy. The sale of Yellow Corp.'s rolling stock assets, including a variety of vehicles and equipment, is being managed by Ritchie Bros. and Nations Capital, LLC. The inventory is spread across the United States and Canada at over 300 terminal locations and RB Global facilities. For more information on the auction and access to tracking, documents, and reporting, visit Ritchie Bros. It is a sad moment for New Penn and its long history in the industry.