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TRUCKING INDUSTRY NEWS * WORLDWIDE
* USA - YRC Buying Chinese LTL Firm - Deal Could Be Up to $75 MillionOverland Park,Kansas -Transport Topics (VA,USA) -20 Dec 2007: -- YRC Logistics will buy Shanghai Jiayu Logistics Co. one of China’s largest LTL companies, with more than 1,800 employees, 30,000 customers and a network of more than 3,000 vehicles... YRC will buy 65% of the stock of Jiayu for between $29.5 million and $43 million, based on Jiayu’s 2007 financial performance. YRC expects to purchase the remaining 35% interest in 2010 of up to $32 million... The payments will be made in Chinese yuan...
Labels: trucking industry news
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