The Patterson Family Foundation, formed from assets of the late Cerner Corp. CEO Neal Patterson and his wife, named a well-known local nonprofit executive as its leader.

The Patterson Family Foundation, formed from assets of the late Cerner Corp. CEO Neal Patterson and his wife, named a well-known local nonprofit executive as its leader.

News of the agreement with Central States Funds came just hours before a planned strike that Yellow Corp. said would bankrupt the company.

The company sought a temporary restraining order in federal court, saying a strike would force a liquidation, killing 30,000 jobs as Yellow wrestles with looming debt maturity. The union argued that Yellow's board manufactured this issue when it chose at the last minute not to make health and pension fund payments. "This is not a pretty situation for anyone involved," the judge said.

The Lenexa company found a buyer whose products are much like its own — unsung equipment that helps keep health care facilities running smoothly.

The proposed line would use rail lines the railroad currently uses to move freight.