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rickroadway

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(excerpt from form 10-Q SEC filing 3rd Quarter 2013 page 7)

1. Description of Business

YRC Worldwide Inc. (also referred to as “YRC Worldwide,” the “Company,” “we,” “us” or “our”), one of the largest transportation service providers in the world, is a holding company that, through wholly owned operating subsidiaries and its interest in a Chinese joint venture, offers its customers a wide range of transportation services. We have one of the largest, most comprehensive less-than-truckload ("LTL") networks in North America with local, regional, national and international capabilities. Through our team of experienced service professionals, we offer expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Our reporting segments include the following:

Form 10-Q 3rd quarter 2013
YRC Worldwide - Quarterly Report

(excerpt from form 10-Q SEC filing 2nd Quarter 2013 page 61)
During the years ended December 31, 2012 and 2011 , we received dividends in the amount of $2.4 million and $2.3 million , respectively, from our China joint venture, JHJ International Transportation Co., Ltd. (“JHJ”). During the year ended December 31, 2012 , we determined that the estimated fair value of JHJ, a 50% owned equity investment did not exceed its carrying amount and resulted in an impairment charge of $30.8 million on our JHJ equity investment. We determined fair value by discounting JHJ's forecasted future cash flows, an income approach (a level 3 fair value measurement). Our determination to evaluate impairment was based upon market information we obtained in the fourth quarter of 2012. As of December 31, 2012 and 2011 , the excess of our investment over our interest in JHJ's equity is $4.6 million and $35.2 million , respectively.

Form 10-Q 2nd quarter 2013
YRC Worldwide - Quarterly Report

I thought YRCW sold it's interest in China? Why do they show a $30.8 million charge to YRCW's earnings? YRCW's a 50% equity interest partner with Jin Jiang Int in JHJ Holdings LLC (they are privately held entity meaning No stock and No reporting of earnings to the SEC)

JHJ HOLDINGS LLC website (see the YRC Logistics logo-upper left)
JHJ| About JHJ
 
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What about these 20 companies that sign the 2013 Earnings Report?
YRC Worldwide - Quarterly Report

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and
year first above written.

YRC WORLDWIDE INC., as the Borrower
By:___/s/ Jamie Pierson___________________________
Name: Jamie Pierson
Title: Executive Vice President and Chief Financial Officer
________________________________________



EXPRESS LANE SERVICE, INC.

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance

NEW PENN MOTOR EXPRESS, INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

ROADWAY EXPRESS INTERNATIONAL, INC.

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance

ROADWAY LLC

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance

ROADWAY NEXT DAY CORPORATION

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

ROADWAY REVERSE LOGISTICS, INC.

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance





USF BESTWAY INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

USF DUGAN INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

USF GLEN MOORE INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

USF HOLLAND INC.

By:__/s/ Mark Boehmer_______________
Name: Mark Boehmer
Title: Vice President

USF REDSTAR LLC

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

USF REDDAWAY INC.

By:__/s/ Mark Boehmer_______________
Name: Mark Boehmer
Title: Vice President




YRC ASSOCIATION SOLUTIONS, INC.

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance

YRC INC.

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance

YRC INTERNATIONAL INVESTMENTS, INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

YRC LOGISTICS SERVICES, INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

YRC MORTGAGES, LLC

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance

YRC ENTERPRISE SERVICES, INC.

By:__/s/ Phil J. Gaines________________
Name: Phil J. Gaines
Title: Senior Vice President, Finance

YRC REGIONAL TRANSPORTATION, INC.

By:__/s/ Stephanie D. Fisher___________
Name: Stephanie D. Fisher
Title: Vice President, Finance



________________________________________



JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent and as a Lender

By:____________________________________
Name:
Title:
 
Founded on December 6, 1992, JHJ is a joint venture held by JinJiang Investment (a listed company held by JinJiang International Holdings Co., Ltd., one of the largest comprehensive tourism groups in China) and YRC Worldwide Inc. (one of the largest transport and logistics service providers in the world).

I wonder if the Chinese are giving back 15%?
 
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