Aug. 18 2010 08:03 AM

Journal of Commerce--YRC Worldwide completed the $38.7 million sale of most of YRC Logistics to private equity firm Austin Ventures, which rebranded the unit as MIQ Logistics.

Sealing the deal delivered $33.6 million to YRC Worldwide Aug. 16, with the remaining $5.1 million placed in escrow, the company said. Read more!