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Yellow Roadway Corp. announced on Tuesday, May 24, that it has successfully completed its acquisition of USF Corp., after USF shareholders approved the transaction on May 23. The $1.5 billion acquisition creates an enterprise with more than $9 billion in revenue and 70,000 employees.

“By adding the USF companies to our portfolio we have immediate and nationwide scale in the next-day and regional markets,” said Bill Zollars, chairman, president and CEO of Yellow Roadway.

The USF companies will join New Penn Motor Express to form YRC Regional Transportation headed by Jim Staley, former president of the Roadway Group. YRC Regional Transportation will be headquartered in Akron, OH.

Paul Liska, former executive chairman of USF, has joined the Yellow Roadway board of directors. The other 10 members of the Yellow Roadway board remain unchanged.