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Roadway Express, Inc. was an American less than truckload (LTL) trucking company. Roadway Express and its holding company, Roadway Corporation, were acquired by logistics holding company Yellow Corporation in 2003, and the parent companies were merged to form Yellow Roadway Corporation, later renamed YRC Worldwide.
In December 2003 Yellow Corporation, at the time the second largest LTL carrier in the US, acquired the largest, Roadway Corporation, for US$1.05 billion. [13] [14] Roadway had been spun off from its former parent, holding company Roadway Services Inc. (RSI), in 1995 and operated as an independent, publicly traded company since then.
NEW YORK (AP) — The fate of U.S. trucking company Yellow Corp. isn't looking good. ... As of this week, he estimates that number is down to between 10,000 and 15,000 daily shipments.
With slim margins in the LTL industry, this meant Roadway Express, despite representing over 40% of RSI's US$5 billion annual revenue, [18] was less profitable than its sibling carriers. [16] The situation was brought to a head in 1994 when a 24-day Teamsters strike resulted in Roadway Express losing US$68 million for the quarter. [16]
Yellow Corp., one of the largest freight companies in the U.S., said it was closing operations and filing for bankruptcy on Monday.
Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, ... including Yellow and rivals such as Roadway Express, New Penn and Holland, merged to survive. ...
Caliber System Inc., known until 1996 as Roadway Services Inc., was a transportation holding company based in Akron, Ohio, United States.During its history, Caliber owned a number of logistics companies including Roadway Express, Viking Freight and Roadway Package System (RPS) among others.
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