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Filed in YRC

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
BlogsYRC WorldwideLTLYRCTeamstersPermalink


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
NewsYRC WorldwideLTLYRCPermalink


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


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
NewsYRC WorldwideLTLYRCPermalink


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
NewsYRC WorldwideLTLYRC FreightYRCPermalink


Wednesday, August 07, 2013

YRC Worldwide, the largest Teamsters-covered LTL carrier, continued its financial improvement in the second quarter.
Posted on 08/07 at 10:16 AM
NewsTransportationFreightLTLYRCNews and AnalysisPermalink


Thursday, May 09, 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.
Posted on 05/09 at 09:48 AM
NewsYRC WorldwideLTLABF FreightYRCLess-Than-TruckloadPermalink


Friday, February 08, 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.
Posted on 02/08 at 11:42 AM
NewsLTLYRC FreightYRCYRC WorldsidePermalink


Friday, November 02, 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.
Posted on 11/02 at 10:02 AM
NewsYRC WorldwideLTLYRC FreightYRCPermalink



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