Filed in YRC
Monday, September 19, 2011
The financial restructuring of less-than-truckload services provider YRC Worldwide appears to be complete based on news late last week noting that company shareholders unanimously voted to have YRCW common stock diluted, according to media reports.
Friday, July 22, 2011
There is new optimism, fresh capital and a familiar face at the wheel of financially ailing LTL giant YRC Worldwide as it hopes to end a five-year slump in which it has lost in excess of $2.6 billion, and tries to shed its infamous title of biggest money-loser in the history of trucking.
Wednesday, July 20, 2011
The company yesterday rolled out an average GRI of 6.9 percent which will cover non-contractual shipments in the United States, Canada, and Mexico, with increases varying by lane and shipment type, according to company officials.
Wednesday, July 06, 2011
ABF received a dose of good news earlier today, when the United States Court of Appeals for the Eighth District changed course on a previous dismissal made by a lower court regarding ABF’s lawsuit against the International Brotherhood of Teamsters, YRC, Inc., Trucking Management, Inc. and other related entities.
Thursday, June 23, 2011
Those less-than-truckload (LTL shippers) yearning for an optimistic sign from YRC Worldwide’s four-year bout with bankruptcy and cessation may get a ray of hope from the LTL giant’s resumption of partial payments to its Teamsters’ pension plans after a 23-month hiatus.
Thursday, December 09, 2010
In case you did not know this, shortly before Thanksgiving, one LTL heavyweight decided to sue, make that counter-sue, another.
The two parties involved here: ABF Freight Systems and YRC Worldwide. As reported on this Website, ABF signaled its intent to take legal action against the International Brotherhood of Teamsters, various subsidiaries of YRC Worldwide and other entities, following a ratified labor agreement by YRCW Teamsters members.
Posted on 12/09 at 02:21 PM
Thursday, September 30, 2010
Following news earlier this week that less-than-truckload transportation services provider YRC Worldwide (YRCW) won another round of concessions from the Teamsters Union, the company announced on September 29 that its board of directors has approved a tentative agreement with the Teamsters.
Posted on 09/30 at 02:01 PM
Tuesday, September 28, 2010
Financially ailing YRC Worldwide, which controls nearly 20 percent of the $26 billion LTL market, has won another round of concessions from the Teamsters union, pending a rank-and-file vote.
Posted on 09/28 at 06:44 AM
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Monday, August 16, 2010
Less-than-truckload transportation services provider YRC Worldwide (YRCW) said it has completed the official closing of its sale of a portion of its YRC Logistics business to strategic private equity investor Austin Ventures.