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Filed in LTL

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


Wednesday, November 13, 2013

The company reported late yesterday that consolidated operating revenue for the quarter—at $1.253 billion—was up 1.3 percent annually, while consolidated operating income fell from $27.3 million to $5.8 million year-over-year.
Posted on 11/13 at 09:57 AM
NewsLTLYRC WorldwideYRCYRC FreightPermalink


Thursday, November 07, 2013

Financially struggling YRC Worldwide Inc., parent of the second-largest LTL carrier in the nation that has lost more than $2.6 billion in the last six years, has initiated discussions with the International Brotherhood of Teamsters in seeking another round of wage and benefit concessions.
Posted on 11/07 at 12:00 PM
NewsLTLYRC WorldwideTeamstersPermalink



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