- Announced that YRC Logistics successfully closed its acquisition of Shanghai Jiayu Logistics Co.
- Shanghai Jiayu Logistics Co is a large provider of truckload and less-than-truckload ground transportation services in China and has over 30K customers, 1,800 employees, 200 locations and a network of more than 3K vehicles.

Other headlines for [YRCW]

• YRCW Today 08:59am
  Yellow Roadway Corporation Issues statement on yesterday's action by S&P; Downgrade will not change strategic plans - announced today the financial impact of yesterday's credit rating change from S&P. The credit rating is more...
  
• YRCW Yesterday 02:56pm
  Yellow Roadway Corporation S&P lowers ratings to B from BB
  
• YRCW Yesterday 10:40am
  Yellow Roadway Corporation CEO: Balance sheet in 'good shape'
  
• YRCW 11/17/2008 02:08pm
  Yellow Roadway Corporation CEO Updates intergration process is ahead of schedule, could expedite timeline- Notes that national integration for Yellow Transportation and Roadway is progressing ahead of schedule. - The network more...
  
• YRCW 11/12/2008 10:09am
  Yellow Roadway Corporation Moody's lowers corporate rating to B1 from Ba2; affects $550M in debt
  

Industrials sector headlines

• VMI Today 05:31pm
  Valmont Industries Inc Acquires U.K. Based Stainton Metal Company, Ltd- Stainton Metal Company Ltd, is a leading U.K. manufacturer of street lighting poles, which has annual sales of around $20M.
  
• BA Today 05:27pm
  Boeing Co CEO: Sees cost cuts, layoffs of over 5% in 2009; needs to cut costs to brace for order cancellations- Cutting discretionary spending
  
• LLL Today 05:06pm
  L-3 Communications Holdings, Inc Received $75M contract from Department of Defense- Increase to its indefinite delivery, indefinite quantity contract for global media development, production and dissemination in support of U.S. more...
  
• VOW.GE Today 04:09pm
  Volkswagen AG Bentley says global sales to decline 30% in 2008 - WSJ- Guides 2009 global sales at around 5K units
  
• F Today 04:05pm
  Ford Motor Co Company remarks that it has a great plan for Congresswoman Pelosi and Sen Reid with regards to transformation- follow up: GM also says it will also submit a plan to Congress