YRC Worldwide has announced that its wholly-owned subsidiary, YRC Logistics, has successfully concluded its acquisition of Chinese truckload and LTL provider Shanghai Jiayu Logistics Co., Ltd.
YRC Worldwide has announced that its wholly-owned subsidiary, YRC Logistics, has successfully concluded its acquisition of Chinese truckload and LTL provider Shanghai Jiayu Logistics Co., Ltd.
YRC Logistics acquired 65% of Jiayu’s stock for $44.7 million, and the company expects to purchase the remaining 35% in 2010 for no more than $39 million, depending on Jiayu’s 2008-2009 financial performance.
Jiayu’s 30,000 customers, 1,800 employees, 200 locations and 3,000 vehicles will provide a platform for YRC Worldwide to support the needs of local Chinese customers and large multinational companies with transportation needs in China, the company said.
Over 300 leaders in transportation, logistics, and distribution gathered at Ignite 2024. From new products to innovative solutions, Ignite highlighted the importance of strong...
Prepare your fleet for every season! From winterizing vehicles to summer heat safety, our eBook covers essential strategies for year-round fleet safety. Download now to reduce...
Truck weight isn’t the first thing that comes to mind when considering operational efficiency, hours-of-service regulations, and safety ratings, but it can affect all three.
