Forbes: YRC Acquires One of China's Biggest Carriers

August 21, 2008: Trucking company YRC Worldwide Inc. said Tuesday it has completed its acquisition of one of the largest less-than-truckload carriers in China.

YRC, the largest less-than-truckload carrier in the U.S., said it paid $44.7 million for 65 percent of the stock of Shanghai Jiayu Logistics Co. It plans to buy the remaining 35 percent in 2010 for up to $39 million, depending on the company's performance over the next two years.

Click here to read more at Forbes.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Honoring Our Veterans

Thank you to veterans and their families for their service and their sacrifices. 

Hoffa Ratifies Another Weak Contract at UPS Freight

Another weak UPS Freight contract has been ratified after Hoffa threw away our union’s bargaining leverage and left members defenseless against company threats.

View More News Posts