Transport Topics has reported that "YRC Worldwide said Friday it has entered into an agreement to sell a portion of its YRC Logistics business to a private equity firm for $37 million. Transition to new ownership under Austin Ventures is expected to be complete within the next 30 to 45 days, YRC said in a statement. YRC said the sale will form the basis for a new company specializing in international freight forwarding, customs brokerage, transportation management, truckload services and dedicated warehouse and fulfillment services in North America, Latin America, Europe and Asia." Read the full story here.