Real Estate Assets

On September 3, 2002, Consolidated Freightways Corporation filed for Chapter 11-bankruptcy protection with the United States Bankruptcy Court for the Central District of California. A management-directed liquidation of assets is in progress. This web site facilitates due diligence, bidding and sale of Consolidated Freightways real estate assets through court-approved auctions.

Due Diligence

• Review court order granting CF authorization to solicit formal offers for real property.
• Review court-approved real estate asset bidding procedures.
• Review terminal properties currently for sale on the market.
• Contact CF with questions about specific properties -- cfinfo@cfwy.com or 360-448-4001.

Notice: Many of the .PDF files provided for due diligence are very large. Attempting to open them with a 56k modem connection may cause a "time out" error to occur. It is recommended they be viewed using a high-speed cable modem or T1 network connection.

Bidding

• For every property not yet scheduled for auction, we are accepting offers on our form "Letter of Intent" (see "How to make an Offer").  Once an acceptable offer has been recieved, we will move to contract with the selected offeror and that contract will be subject to an over bid auction. 
• At the auction, qualified bidders (see "How to be a Qualified Over Bidder at Auction") will have the opportunity to purchase the the property by making over bids to the contract price until the highest bid is obtained.  All bids are given and accepted on a non-contingent basis.  The winning bid will then be confirmed.
• For properties that currently have offers and signed contract, review bidding procedures and forward an overbid request.

Sale

• Auctions are being conducted to finalize sale of CF properties. Auctions began on November 11, 2002 and will continue monthly until the remaining properties are sold. Information regarding the the next auction can be found on the Current Properties for Auction link.  Only qualified bidders may participate.