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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.

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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


YRC Worldwide union workers accept concessions
(Excerpt from article for The St. Louis Business Journal)

...Also Friday, YRC said it had reached another sale-leaseback agreement with NorthAmerican Terminals Management Inc. to sell excess properties for about $81 million, expected to close in the third and fourth quarters. This year, YRC expects sale-leasebacks to yield about $375 million in cash; property sales are expected to bring more than $100 million...

Visit The St. Louis Business Journal to read the full article


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