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Filed in LTL

Monday, January 20, 2014

For YRC Worldwide, it’s onto Plan B in the wake of the stunning rejection of a five-year deal to continue 15 percent wage and benefit cuts by its 26,000 Teamsters workers.
Posted on 01/20 at 04:36 AM
NewsLTLYRC WorldwideYRC FreightTeamstersPermalink


Wednesday, January 15, 2014

After YRC's Teamsters shoot down management's proposal for further wage and benefits cuts, stakeholders wonder if and when customer defections could begin.
Posted on 01/15 at 05:00 AM
BlogsLTLYRC WorldwideYRCTeamstersPermalink


Friday, January 10, 2014

For YRC Worldwide, it’s onto Plan B in the wake of the stunning rejection of a five-year deal to continue 15 percent wage and benefit cuts by its 26,000 Teamsters workers.
Posted on 01/10 at 05:02 AM
NewsLTLYRC WorldwideYRC FreightPermalink


Wednesday, January 08, 2014

In an effort to restore its financial footing and refinance its debt load, less-than-truckload (LTL) transportation services provider YRC Worldwide is looking to collect $1.15 billion in loans, according to a Bloomberg report published yesterday.
Posted on 01/08 at 03:15 AM
NewsLTLYRC WorldwideYRCPermalink


Monday, December 23, 2013

Clearing a significant hurdle in its latest financial restructuring, YRC Worldwide says it has reached a debt-for-equity deal with lenders and other institutional investors to reduce its debt by about $300 million.
Posted on 12/23 at 05:49 AM
NewsLTLYRCPermalink


Tuesday, December 10, 2013

Toronto-based less-than-truckload carrier and transportation services provider Vitran Corporation Inc. announced this week that it has entered into a definitive agreement to be acquired by Manitoulin Transport Inc., a Pembroke, Ontario-based provider of LTL transportation services.
Posted on 12/10 at 11:40 AM
NewsLTLVitran CorporationPermalink


Monday, December 09, 2013

Ballots are going out Tuesday to about 26,000 Teamsters on continuation of a wage and pension concession package that will save the ailing carrier about $100 million annually. Results of the rank-and-file vote will be announced Jan. 8 and could go a long way in determining the future of 80-year-old YRC, which has lost in excess of $2.6 billion in the last decade.
Posted on 12/09 at 12:41 PM
NewsLTLYRC WorldwideYRC FreightPermalink


Wednesday, December 04, 2013

LM Group News Editor Jeff Berman recently spoke with Bill Logue, president and CEO of FedEx Freight, the less-than-truckload subsidiary of FedEx, at the NITL/IANA Transcomp event in Houston about various industry topics, including rates, regulation, and infrastructure, among others.
Posted on 12/04 at 11:29 AM
NewsFedExLTLFedEx FreightPermalink


Tuesday, December 03, 2013

ODFL is calling for an annual increase tons per day in the 9.5 percent-to-ten percent range, which is ahead of a previous forecast of 9 percent-to-ten percent growth
Posted on 12/03 at 12:51 PM
NewsLTLODFLPermalink


Thursday, November 21, 2013

Financially ailing YRC Corp., parent of the second-largest group of LTL carriers, is asking its 26,000 Teamsters employees to continue working at a 15 percent wage reduction and benefits cuts through 2018 in a labor proposal company officials have describe as vital to the future of the 87-year-old company.
Posted on 11/21 at 11:11 AM
NewsLTLYRC WorldwideYRCPermalink



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