The U.S. government entered the $46 billion less-than-truckload (LTL) industry by effectively purchasing 30% of financially troubled LTL giant YRC Worldwide in exchange for a badly needed $700 million cash infusion.
Source: logistics Mgmt
U.S. Treasury injects YRC Worldwide with $700 million for 30% equity stake
Published in News, Logistics, 3PL, Transportation, Motor Freight,
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