Sale of CSI/Reeves, Inc. subsidiary to U.S. Xpress Enterprises, Inc. (Nasdaq:XPRSA)
Services - Distribution, Logistics and Fulfillment
Yellow Corporation (Nasdaq:YRCW) divested its subsidiary, CSI/Reeves, Inc. to U.S. Xpress Enterprises, Inc. (Nasdaq:XPRSA), which operates as a freight consolidator, truckload carrier and contract logistics management provider. CSI/Reeves operated as a leading provider of transportation, warehousing and storage, and other specialized services to the carpet and floor coverings industry. Yellow Corporation provides transportation services for the shipment of industrial, commercial, and retail goods in the United States and internationally.