Greatwide Logistics Services Buys YRC Worldwide's (YRCW) Dedicated Carriage Busines Segment
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YRC Worldwide Inc. (NASDAQ: YRCW) announced that its YRC Logistics segment has sold its U.S. dedicated contract carriage business to Greatwide Logistics Services, LLC, a leading provider of dedicated services in North America. The sale includes customer contracts and the trucks and trailers used in this portion of the YRC Logistics portfolio.
In addition to strengthening the operational focus at YRC Logistics, the sale supports the YRC Worldwide comprehensive strategic plan, which includes positioning the operating companies for future success.
"This sale is a strategic move toward a more asset-light business model and aligns resources at YRC Logistics to focus on our core offerings, including transportation, distribution and global services," said John Carr, president of YRC Logistics.
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