Filed in YRC Worldwide
Wednesday, November 30, 2011
Less-than-truckload transportation services provider YRC Worldwide announced that effective Friday, December 2 it will implement a 1:300 reverse split of YRC common stock.
Posted on 11/30 at 04:25 PM
YRC Worldwide •
Friday, November 04, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) today reported a third quarter net loss of $177.9 million, which was more than double the $61.7 million net loss from a year ago.
Thursday, October 27, 2011
Earlier this week, less-than-truckload transportation services provider YRC Worldwide took steps to augment operations of its national operations of YRC, its largest subsidiary.
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.
Monday, July 11, 2011
YRC Worldwide has obtained commitments for a three-year, $400 million asset-based loan (ABL) facility that will replace its current asset-backed securitization (ABS) facility.
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.
Tuesday, May 17, 2011
During its first quarter earnings call, YRC stated the terms of its latest debt swap plan, and has engaged Morgan Stanley to arrange a new $400 million asset-based loan facility that CEO Bill Zollars says will “enhance our liquidity and strengthen our balance sheet.”
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Friday, May 06, 2011
Earlier today, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $102 million net loss in the first quarter and a $2.14 loss per share. Despite the losses, company officials said this represented an improvement over the first quarter of 2011, which saw a net loss of $274 million and $13.15 per share.