YRC Worldwide Provides Third Quarter Update

YRC Worldwide Inc. (Nasdaq: YRCWD) today provided an update on its expected third quarter results including:

-- For the third quarter of 2010, tonnage per day for YRC National and YRC Regional was 1.2% and 2.1%, respectively, higher than the tonnage per day for the second quarter of 2010. Revenue per shipment during the third quarter of 2010 for YRC National and YRC Regional was 1.9% and 3.7%, respectively, higher than the third quarter of 2009.

Dynamex Inc. Enters into Definitive Agreement to Be Acquired by Greenbriar Equity Group LLC for $21.25 Per Share in Cash

Dynamex Inc. (NASDAQ:DDMX) announced today that it has entered into a definitive agreement and plan of merger to be acquired for $21.25 per share in cash by entities controlled by Greenbriar Equity Group LLC (“Greenbriar”), a transportation and logistics focused private equity firm with $1.5 billion of capital under management. The transaction value is approximately $210 million. The agreement was unanimously approved by the Dynamex Inc. Board of Directors.

Under the agreement and plan of merger, each then outstanding share of Dynamex will be converted into the right to receive $21.25 per share in cash. The merger consideration represents a premium of approximately 39.3% over the September 30, 2010 closing price of Dynamex and a 58.4% premium over the average closing price for the 30 trading days prior to October 1, 2010. Following completion of the proposed transaction, Dynamex will no longer trade publicly and will be wholly-owned by affiliates of Greenbriar.

Seanergy Maritime Holdings Corp. Announces Letter of Intent for Strategic Acquisition of a Controlling Interest in Maritime Capital Shipping Limited

Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP; SHIP.W) announced today that it has entered into a Letter of Intent with Maritime Capital Shipping (Holdings) Limited, of the British Virgin Islands ("Seller") to acquire a 51% ownership interest in Maritime Capital Shipping Limited, of Bermuda ("MCS") for a purchase price of USD 33 million.

MCS is based in Hong Kong and is a provider of international maritime transportation services through its ownership of dry bulk vessels. MCS was founded in 2006 by unaffiliated third parties, a team of dedicated professionals with many years of experience operating vessels in the dry bulk sector.

Air Transport Services Group Announces New Long-Term Aircraft and Operating Agreements with DHL

Air Transport Services Group, Inc. (NASDAQ: ATSG), today announced the execution of new long-term agreements under which the subsidiaries of ATSG will continue providing aircraft and operating support to the U.S. portion of DHL’s international logistics network.

The principal operating agreements are:

• A new five-year Air Transportation Services Agreement between its subsidiary, ABX Air, and DHL, which specifies the terms under which ABX will continue providing 767 aircraft operating support to the U.S. portion of DHL’s international logistics network on a primarily fixed-price, rather than cost-plus basis.

  Published: 31 March 2010

  Written by Editor

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