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				Yellow keeps growing in China
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					Posted: 
					
						Aug 19, 2008 10:43 AM
					
					|
					Last Updated: May 31, 2012 02:57 PM
				
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				<p>OVERLAND PARK, Kan. -- Taking a cue from American athletes these last two weeks, the largest trucking and logistics company in the world is ready to make a big splash in China.</p>
<p><a target="_blank" href="http://www.yrcw.com/">YRC Worldwide</a> announced it is buying 65 percent of Shanghai Jiayu Logistics Co, one of China's largest trucking companies, for about $44.7 million.</p>
<p>The Kansas-based carrier said it expects to control the rest of the company by 2010 for up to $39 million, according to Reuters.</p>
<p>Shanghai Jiayu has about 3,000 trucks servicing 30,000 customers.</p>
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