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Aug 19, 2008

TRUCKING INDUSTRY NEWS * USA

* U.S. trucker YRC buying Chinese hauler

Boston,MAS,USA -Reuters, by Scott Malone-Aug 19, 2008: -- No. 1 U.S. trucking company YRC Worldwide Inc said it is buying Shanghai Jiayu Logistics Co, one of China's largest trucking companies... YRC said on Tuesday it paid $44.7 million for a 65 percent stake in the Chinese hauler, and expects to buy the rest of the company by 2010 for up to $39 million...

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