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.
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