YRC to buy Chinese Hauler

Discussion in 'YRC' started by Cybergal, Aug 19, 2008.

  1. Cybergal

    Cybergal Road Train Member

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    BOSTON, Aug 19 (Reuters) - 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. (Reporting by Scott Malone)
    http://www.reuters.com/article/marketsNews/idUSWNAB769820080819
     
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