Transportation Industry
Yellow Roadway-USF Talks Reported
Transport Topics, February, 2005 by Reiskin, Jonathan S
Less than 15 months after Yellow Corp. and Roadway Corp. merged to become Yellow Roadway Corp., the company may be on the verge of buying USF Corp., the Wall Street Journal reported.
The potential $1 billion purchase of its less-than-truckload rival would bolster Yellow Roadway's logistics and unionized LTL holdings.
Neither company returned telephone calls requesting comment on the Journal's Feb. 23 story, which said managers of Yellow Roadway and USF were involved in merger discussions. Citing an unnamed source, the Journal said the talks were "at a delicate stage and could fall apart."
Stock analyst Jason Seidl, who follows both LTL carriers for Avondale Partners, said the deal sounded plausible. "It would give Yellow Roadway a much better foothold in the...
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