YRC to Sell Roadway Headquarters in Akron

January 05, 2012

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YRC Worldwide Inc. is selling its former Akron, Ohio headquarters. The building that once housed truckload giant, Roadway, will be sold to Stuart Lichter, the developer behind the Goodyear headquarters in Akron.

The Akron Beacon Journal reports as 50 to 100 jobs will disappear at the end of March. About 100 other YRC workers will transfer to office space at terminals in nearby Copley and Richfield, while another 50 will be offered relocation to Kansas, South Dakota and Iowa, the newspaper says.

Jeff Rogers, the new president of YRC, made the announcement in Akron on Thursday.

YRC, based in Overland Park, Kan., in October 2009 announced it was putting the building and lands up for sale, with an asking price of $8 million. The Beacon Journal reports the property was recently appraised at nearly $8.5 million. Because the sale has not yet closed, the company did not disclose details of the sale.

To raise much-needed cash, YRC has been selling off real estate holdings, including its corporate headquarters in Kansas.

In December, the LTL carrier announced the sale of its Glen Moore truckload subsidiary to Indianapolis-based Celedon, Inc. YRC's Glen Moore unit lost $10.3 million through the first three quarters of 2011.

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