Yellow-USF deal closes

Yellow Roadway announced yesterday it has completed its $1.5-billion acquisition of USF Corp. The USF companies will be combined with New Penn Motor Express to form YRC Regional Transportation. Former Roadway president Jim Staley will head the new company.

“The acquisition of USF further confirms our position as a leading provider of global transportation services,” said Bill Zollars, chairman, president & CEO of Yellow Roadway. “By adding the USF companies to our portfolio we have immediate and nationwide scale in the next-day and regional markets, which are among the fastest growing transportation segments.”

See Yellow to buy USF.

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