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TRUCKING INDUSTRY * USA - YRC Sells Contract Carriage Business to Greatwide Logistics
Overland Park,Kansas,USA -Transport Topics -24 Nov 2009: -- YRC Worldwide said Tuesday it sold its dedicated contract carriage business to Greatwide Logistics Services for $34 million... The transaction includes customer contracts, trucks, trailers and about 600 employees, all of which were part of the contract carriage unit within the YRC Logistics segment, YRC said... YRC said its clients have been “very supportive” of the sale and that Greatwide is working with YRC to simplify the transition for the employees involved... YRC will use the money from the purchase to pay down its revolving credit facility... * Kansas - Jim Palmer Trucking sold to Chicago businessmen; company emerges from bankruptcy
Missoula,MT,USA -The Missoulian, by BETSY COHEN -November 24, 2009: -- Jim Palmer Trucking, a Missoula-based national trucking company that has been fighting its way out of bankruptcy, has been sold to a pair of Chicago-based businessmen with plans to expand the company... On Monday, the new owners were at work in the company’s headquarters on Derby Drive near the Wye interchange... The company’s new owners are Milan Kangrga, 53, and Blazo Gjorev, 31 – who are American residents originally from Croatia. The men currently operate a small flatbed truck service out of the Chicago area and are partners in other businesses, but did not elaborate on the nature of those businesses... (Photo by hopewalk1.files.wordpress)
Labels: trucking industry news USA
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