Filed in LTL
Thursday, June 23, 2011
Those less-than-truckload (LTL shippers) yearning for an optimistic sign from YRC Worldwide’s four-year bout with bankruptcy and cessation may get a ray of hope from the LTL giant’s resumption of partial payments to its Teamsters’ pension plans after a 23-month hiatus.
Tuesday, June 14, 2011
UPS Freight, the less-than-truckload (LTL) subsidiary of UPS said this week it has improved transit times from Vancouver, British Columbia to 181 United States cities in the Midwest and Northeast.
Posted on 06/14 at 10:44 AM
Thursday, June 09, 2011
Company officials said that this new terminal will provide New York and New Jersey customers areas outbound LTL services to Illinois down through Texas and every state west of the Mississippi River.
Wednesday, June 01, 2011
Before developing its web-based carrier rating tool, this niche vendor of outdoor furniture was spending 17 percent of its sales on transportation. This year, those costs are going to be about 5 percent of sales—a turnaround that earned the company our 2011 Best Practices Award.
Tuesday, May 17, 2011
During its first quarter earnings call, YRC stated the terms of its latest debt swap plan, and has engaged Morgan Stanley to arrange a new $400 million asset-based loan facility that CEO Bill Zollars says will “enhance our liquidity and strengthen our balance sheet.”
Friday, May 06, 2011
Earlier today, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $102 million net loss in the first quarter and a $2.14 loss per share. Despite the losses, company officials said this represented an improvement over the first quarter of 2011, which saw a net loss of $274 million and $13.15 per share.
Thursday, May 05, 2011
First quarter earnings for Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, saw total revenue-at $129.4 million-increase by 45.3 percent compared to the first quarter of 2010.
Monday, May 02, 2011
YRC Worldwide, the financially ailing second-largest less-than-truckload (LTL) company which has lost in excess of $2.7 billion the last four years, says it has reached another “milestone” in its long-awaited restructuring plan now scheduled for completion in July.
Wednesday, April 27, 2011
Coming off of its first monthly decline in three months in February, truck tonnage returned to growth mode in March, according to data released by the American Trucking Associations (ATA).
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Monday, April 25, 2011
YRC Worldwide recently announced it is making “significant progress” in steps it is taking to meet the agreements required in its effort to achieve its financial restructuring objectives by the end of July.