YRC Worldwide Inc. has sold part of its logistics unit for $34 million, which will help pay down YRC’s credit line.The Overland Park-based trucking giant said in a Tuesday release that it had sold YRC Logistics’ dedicated contract carriage business, including customer contracts and the trucks and trailers associated with it, to Dallas-based Greatwide Logistics Services LLC. The deal affects about 600 employees, nearly all of whom Greatwide expects to absorb, CEO Raymond Greer said in an e-mail. The deal closed on Monday. Full Story...
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