YRC

By John Schulz · 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.
By Jeff Berman · 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.
By LM Staff · January 8, 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.
By John D. Schulz · 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.
By John Schulz · 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.
By Jeff Berman · 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.
By John D. Schulz · August 7, 2013
YRC Worldwide, the largest Teamsters-covered LTL carrier, continued its financial improvement in the second quarter.
By Jeff Berman · May 9, 2013
ABF says it is focused on its ongoing labor negotiations and other strategic and operational initiatives and that a transaction with YRC is not appropriate at this time.
By Jeff Berman · February 8, 2013
This morning’s fourth quarter and 2012 year-end earnings release from less-than-truckload transportation services provider YRC Worldwide brought something the company has not seen in six years: a positive annual operating income.
By John D. Schulz · November 2, 2012
Posting sharply improved third quarter operating results in the 15th month under new CEO James L. Welch, YRC Worldwide reported Friday an operating profit of $27.3 million on top of a $15.5 million operating profit in the second quarter.
By John Schulz · September 4, 2012
This follows an early August decision by a U.S. District Court to dismiss ABF’s lawsuit against those parties.
By Jeff Berman · August 3, 2012
Based on today’s second quarter earnings announcement from less-than-truckload (LTL) transportation services provider YRC Worldwide, business conditions are continuing to gradually improve for the Overland Park, Kan.-based carrier.
By Jeff Berman · June 27, 2012
Company officials said this GRI, which takes effect on July 9, will cover non-contractual shipments in United States, Canada and Mexico, with rates increasing by an average of 6.9 percent, varying by lane and shipment type.
By John Schulz · May 3, 2012
The Overland Park, Kan.-based carrier reported that its quarterly consolidated operating revenue—at $1.194 billion—was up 6.4 percent annually, while its consolidated operating loss—of $48.8 million—included an $8.4 million loss on asset disposals.
By John D. Schulz · April 30, 2012
Financially troubled YRC Worldwide has reported that it has bought some time in its effort to restore the nation’s second-largest LTL carrier to profitability.

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