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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.
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.
By the time Yellow Corporation acquired Roadway in 2003, Yellow was the second largest American trucking company and Roadway was the largest. The acquisition cost Yellow US$1.1 billion and made Reimer Express a subsidiary of the newly formed parent company, Yellow Roadway Corp. [19] In 2006, Yellow Roadway changed its name to YRC Worldwide [20 ...
Yellow, Roadway and a third company known as CF or Consolidated Freightways had once been known as the Big Three of the trucking industry. CF went out of business in 2002. And with Yellow Corp ...
1.3 Acquisition by Roadway Services. ... Eight years later in 2003, Roadway Express would be acquired by Yellow Corporation to form Yellow Roadway Corporation.
It was acquired by rival Yellow Corp. in 2003 to form Yellow Roadway Corporation. [10] [13] Roadway Global Air was shut down in 1995 and its assets were sold to Burlington Air Express. [16] Spartan Express had been made a subsidiary of Viking in 1990 and was merged into Viking in 1996. Its former operations were shut down in 1997 when Viking ...
USF Reddaway Inc. (which did business as Reddaway) was an American less than truckload (LTL) trucking company based in Tualatin, Oregon.Reddaway was a subsidiary of transportation and logistics holding company Yellow Corporation (formerly known as YRC Worldwide) and operated in the Western United States as well as British Columbia, Alaska, and Hawaii.
An acquisition/takeover is the purchase of one business or company by another company ... the company lost the considerable value of both Yellow Freight and Roadway Corp.