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Filed in YRC

Thursday, February 27, 2014

In a year that was replete with labor-related and financing issues, less-than-truckload (LTL) transportation services provider YRC Worldwide reported relatively solid earnings for the fourth quarter and 2013 year-end.
Posted on 02/27 at 12:00 PM
NewsLTLYRC WorldwideYRCYRC FreightPermalink


Monday, February 17, 2014

YRC Worldwide, in a major refinancing aimed at lowering its annual interest payments and increasing liquidity for badly needed recapitalization, has refinanced approximately $1.1 billion in debt under much more favorable terms for the 90-year-old trucking company.
Posted on 02/17 at 03:58 AM
NewsLTLYRC WorldwideYRCPermalink


Monday, January 27, 2014

YRC Worldwide was given a badly needed financial lifetime when continuation of a five-year wage and pension concession agreement was ratified by a 2-to-1 margin of its Teamsters-covered employees.
Posted on 01/27 at 01:48 AM
NewsLTLYRCYRCWPermalink


Wednesday, January 22, 2014

Following a tentative agreement announced late last week between less-than-truckload (LTL) transportation services provider YRC Worldwide and the International Brotherhood of Teamsters on an extension of the collective bargaining agreement of YRC’s 26,000 Teamsters employees to March 2019, details of the agreement emerged yesterday at a “two-person” meeting of local union officials.
Posted on 01/22 at 04:11 AM
NewsLTLYRC WorldwideYRCPermalink


Thursday, January 16, 2014

YRC said yesterday it is in discussions with the Teamsters to gauge “the next steps to move the company forward” on the heels of last week’s vote, which saw 61 percent of YRC’s 26,000 Teamsters members reject a five-year deal to continue 15 percent wage and benefit cuts.
Posted on 01/16 at 05:09 AM
NewsYRCTeamstersPermalink


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


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
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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



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