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Jan 24, 2012

TRUCKING INDUSTRY * USA

* YRC Worldwide to Sell 61 Truck Terminals

Overland Park,KS,USA -The Journal of Commerce Online, by William B. Cassidy -Jan 23, 2012: -- LTL trucking company plans sealed-bid auction for vacant ‘surplus’ terminals... YRC Worldwide and NRC Realty & Capital Advisors have plenty of capacity to offer the right bidders — 2,299 terminal doors... The $4.3 billion trucking giant wants to sell 61 “surplus” terminals in a “buy one, some or all” sealed-bid auction that will be completed by March 15. The auction comes as YRC plans to overhaul its remaining network of about 300 terminals to speed freight flow by eliminating unnecessary handling... YRC Worldwide has struggled to match its network with freight demand since 2006, shedding terminals as it suffered more than $2.5 billion in losses. Most of the terminals being auctioned are not part of YRC’s active less-than-truckload network, but closed sites the company hasn’t been able to sell...

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