YRC Worldwide Inc. is selling its former Akron, Ohio headquarters. The building that once housed truckload giant, Roadway, will be sold to Stuart Lichter, the developer behind the Goodyear headquarters in Akron.
The Akron Beacon Journal reports as 50 to 100 jobs will disappear at the end of March. About 100 other YRC workers will transfer to office space at terminals in nearby Copley and Richfield, while another 50 will be offered relocation to Kansas, South Dakota and Iowa, the newspaper says.
Jeff Rogers, the new president of YRC, made the announcement in Akron on Thursday.
YRC, based in Overland Park, Kan., in October 2009 announced it was putting the building and lands up for sale, with an asking price of $8 million. The Beacon Journal reports the property was recently appraised at nearly $8.5 million. Because the sale has not yet closed, the company did not disclose details of the sale.
To raise much-needed cash, YRC has been selling off real estate holdings, including its corporate headquarters in Kansas.
In December, the LTL carrier announced the sale of its Glen Moore truckload subsidiary to Indianapolis-based Celedon, Inc. YRC’s Glen Moore unit lost $10.3 million through the first three quarters of 2011.
Printer Friendly Version
Email This Story
Fleets: Related News
1/6/2012 – Regional Fleet Upgrade Aims to Solve Recruiting, Retention Challenge
LinkAmerica well buy 575 new trucks and trailers is a bid to improve service and enhance recruiting and retention efforts….
1/6/2012 – YRC to Sell Roadway Headquarters in Akron
YRC Worldwide Inc. is selling its former Akron, Ohio headquarters. The building that once housed truckload giant, Roadway, will be sold to Stuart Lichter, the developer behind the Goodyear headquarters in Akron….
1/4/2012 – Otter Tail Corp. Sells North Dakota-based Trucking Business to Texas Holding Company
On Dec. 29, Otter Tail Corp. announced it had sold its North Dakota-based trucking business, E.W. Wylie, …
1/4/2012 – Equity Firm Buys Keen Transport
Los-Angeles based Platinum Equity has acquired Keen Transport Co., Carlisle, Pa., which includes Keen Transport Inc. and Cressler Trucking Inc….
12/28/2011 – Another Chameleon Carrier Owner Indicted
The owner of a suspected chameleon carrier, DDL Transport, LLC, was indicted in Columbus, Ga. on several counts stemming from non-disclosure of information and operating with under an out-of-service order. …
12/20/2011 – Suddath Companies Acquires City Moving Systems
Suddath is proud to announce its second acquisition in 2011 – City Moving Systems, Inc., based in Kent, Wash….
12/19/2011 – Canada’s MacKinnon Transport Files for Creditor Protection, Seeks to Restructure
MacKinnon Transport has filed a Notice of Intention under the Canada’s Bankruptcy and Insolvency Act in order to restructure the company….
12/19/2011 – Landstar Names Employees of the Year
Sue Whitworth, Heather McKenna and Steve Fuller have been named Landstar’s Employees of the Year for 2011….
12/19/2011 – DB Schenker Enhances Domestic Capabilities with Estes Express Lines
DB Schenker says it is pursuing a strategic relationship with Estes, a full service North American transportation solutions provider. Under the proposed deal, DB Schenker will transfer the management of its domestic ground transport network to Estes’ customized solutions division….
12/16/2011 – YRC Worldwide Sells Glen Moore to Celadon
Indiana-based Celadon continued its recent streak of acquisitions by buying a signifiant portion of the assets of YRC Worldwide’s Glen Moore truckload subsidiary….
12/12/2011 – Small Package Volumes Projected to Spike Today
FedEx Corp. forecasters expect FedEx will move approximately 17 million shipments — almost double its daily average volume — through its global networks today. …
12/5/2011 – FedEx Small Package Rates Going up by 4.9% in 2012
FedEx Corp will raise rates for FedEx Ground and FedEx Home Delivery by a net average 4.9% next year, matching the 2011 increase….
12/2/2011 – U.S. Xpress Adds Cargo Vans, Straight Trucks to Demand Critical Fleet
U.S. Xpress is adding smaller capacity vehicles in response to customer demand for greater shipping flexibility….
12/1/2011 – YRC Board of Directors Approves Reverse Stock Split
YRC Worldwide Inc. held its Annual Meeting of Stockholders Nov. 30, in Overland Park, Kan., where the company’s board of directors to effect a reverse stock split of YRC Worldwide’s common stock….
11/30/2011 – Con-way Multimodal Opens Texas Office
Con-way Multimodal is opening a new branch office in Frisco, Texas, a growing suburb of Dallas….
11/28/2011 – FMCSA Shuts Down Gunther-clone Clock Transport
Moving with surprising speed, the Federal Motor Carrier Administration last week issued “an imminent hazard” out-of-service order against Clock Transport LLC of Hanover, Md., based on the company’s affiliation with Gunthers Transport….