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| YRC Acquiring Chinese Logistics Co |
 In a sign that much in the logistics world is driven by China, YRC announced today that it had entered into a definitive agreement to purchase Shanghai Jiayu Logistics Co, Ltd.
According to YRC, Shanhai Jiayu is one of the largest providers of LTL ground transport in China. They have in excess of 1,800 employees and 3,000 vehicles. YRC will pay between $29.5 million and $43 million for a 65% stake in the acquired company. YRC is clearly making a play to continue growth on an international level. By filling out their portfolio abroad, YRC is able to offer a wider range of services to their existing customer base. So what take-aways are there for a small company owner?
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1. 21-12-2007 18:22 I'm a bit surprised by this. I would think that YRC would look to build strength in the US, or perhaps Europe, but not in China. I'll be interested to see how well they fair and if they are successful with this. Guest 2. 21-12-2007 18:22 Is this their fist in China? Do you know if they have bought other companies there? Guest 3. 21-12-2007 18:33 Just the beginning! This is certainly just the beginning. I am sure a wave of these are coming- we've seen all of our customers go there, now its time for our peers! Guest 4. 01-01-2008 14:57 To be expected... I have to say that this seems totally in line with what we have been seeing in a lot of industries. Everything is going to China! I just wonder if we will see them pull out like I have seen some of our manufacturing customers do. Guest Only registered users can write comments. Powered by AkoComment Tweaked Special Edition v.1.4.6 |
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