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MISSIONFOOTPRINT HISTORY LEADERSHIPCORPORATE GOVERNANCE NEWS NAT announces investment in cross-dock truck terminal facilities NorthAmerican Terminals announces the investment of a $200 million institutional capital allocation in cross-dock truck terminal facilities to be acquired and leased back to industry leading LTL trucking companies on a long term basis. Click here to download more information. YRC Signs $81 Million Facility Sale, Lease Agreement (Excerpt from article by William B. Cassidy for The Journal of Commerce) Sales of excess property, leaseback deals to raise nearly $500 million in 2009 YRC Worldwide will sell $81 million in property to NorthAmerican Terminals Management, leasing back certain facilities, the company said Aug. 7. The sale-leaseback agreement followed Teamster ratification of the company’s wage and benefits reduction plan, which will save the embattled trucker more than $800 million by the end of 2010 and more than a billion dollars by 2013. Visit The Journal of Commerce to read the full article |
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