Tuesday, April 18, 2006

YRC Worldwide to develop its inland freight business in China

Apr. 19, 2006 (China Knowledge) – YRC Worldwide, formerly known as Yellow Roadway Corp., an inland freight giant from the U.S. has recently announced that it would develop its trucking business in China, and will adopt the new name, YRC Worldwide Inc.

Previously, YRC Worldwide set up the JHJ International Transportation Co. Ltd in China, a joint venture logistics company with China’s Jin Jiang International group.

Currently, its business covers over 70 countries in the world.

“Wal-Mart and the Home Depot, Inc need more reliable logistic partners”, said Zhao Leshi, the CEO of YRC Worldwide. The company aims to become make retailers such as Wal-Mart and the Home Depot its major customers in China.

YRC Worldwide will set aside about 100 trucks to service the four to five American customers in China, being responsible for the transportation of products such as electronic products, toys and shoes between the U.S. and China’s ports.

As a listed company from the U.S. among the Global Fortune 500, YRC Worldwide holds about 1,000 branches and offices in the world, and is also the largest LTL (less than truck-load) transport company in the U.S.

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