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Yellow Roadway plans China expansion
Last Updated(Beijing Time):2005-05-18 13:56

U.S. trucking giant Yellow Roadway wanted to be the first American firm in the sector to operate in China, its chief executive said.

Yellow CEO Bill Zollars said his company was in talks with a small number of Chinese truck operators that Yellow could either acquire or work with in joint ventures. He said Yellow would target its service at U.S. companies, such as retailers Wal-Mart and Home Depot, which imported increasing quantities of goods from China.

He said Yellow Roadway aimed to complete its first deal with a Chinese operator this year, possibly within weeks. China's truck market was highly fragmented, with no company owning more than 200 trucks, providing an opportunity for Yellow Roadway to gradually build a national network, he said.

Source:Shenzhen Daily 
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