Le grand messager US, YRC, prend pied en Chine via l'acquisition de Shanghai Jiayu Logistics
Le grand messager US, YRC, prend pied en Chine via l'acquisition de Shanghai Jiayu Logistics
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YRC Worldwide to acquire Shanghai Jiayu Logistics
YRC Worldwide has entered into a preliminary agreement to acquire Shanghai Jiayu Logistics, one of the largest LTL transportation companies in China. (6/27/2007)
Shanghai Jiayu Logistics serves more than 30,000 customers, with 1,600 employees, 300 tractors and a network of 3,000+ vehicles.
"Initially this acquisition will allow us to build a service network that will provide greater reliability for our customers as they move shipments within China as well as provide seamless, end-to-end service for international movement in the critical US-China trade lane," said YRC Worldwide chairman, president & CEO Bill Zollars. "Our existing freight forwarding and logistics joint ventures have provided the base for this strategy. The acquisition of Jiayu will further advance this objective by significantly expanding our scale and capabilities in China."
Pursuant to the preliminary agreement with Jiayu, the parties are expected to complete exclusive negotiations to enter into a definitive agreement based upon the transaction structure, price and due diligence process contained in the preliminary agreement.
Completion of this transaction is subject to final due diligence, the parties entering into a definitive acquisition agreement, and board and regulatory approvals.
Source : www.eyefortransport.com
Freight e-business News & Resources.
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YRC Worldwide to acquire Shanghai Jiayu Logistics
YRC Worldwide has entered into a preliminary agreement to acquire Shanghai Jiayu Logistics, one of the largest LTL transportation companies in China. (6/27/2007)
Shanghai Jiayu Logistics serves more than 30,000 customers, with 1,600 employees, 300 tractors and a network of 3,000+ vehicles.
"Initially this acquisition will allow us to build a service network that will provide greater reliability for our customers as they move shipments within China as well as provide seamless, end-to-end service for international movement in the critical US-China trade lane," said YRC Worldwide chairman, president & CEO Bill Zollars. "Our existing freight forwarding and logistics joint ventures have provided the base for this strategy. The acquisition of Jiayu will further advance this objective by significantly expanding our scale and capabilities in China."
Pursuant to the preliminary agreement with Jiayu, the parties are expected to complete exclusive negotiations to enter into a definitive agreement based upon the transaction structure, price and due diligence process contained in the preliminary agreement.
Completion of this transaction is subject to final due diligence, the parties entering into a definitive acquisition agreement, and board and regulatory approvals.
Source : www.eyefortransport.com
Freight e-business News & Resources.
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