US-based transport and logistics company YRC Worldwide confirmed its acquisition of Shanghai Jiayu, a ground transport company, was underway, the 21st Century Business Herald reported. The two companies have come to a preliminary consensus, which will take effect after the deal has been approved by their respective boards and the relevant regulatory authorities in China. “Around 90% of our 800,000 clients need delivery services in China and Jiayu’s transport network will be a cornerstone of that,” said Bill Zollars, chairman of YRC. Privately-owned Shanghai Jiayu has 30,000 clients and more than 3,000 vehicles. YRC currently has about 200 vehicles in China.