Filed in YRC Worldwide
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.”
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.
Monday, May 02, 2011
YRC Worldwide, the financially ailing second-largest less-than-truckload (LTL) company which has lost in excess of $2.7 billion the last four years, says it has reached another “milestone” in its long-awaited restructuring plan now scheduled for completion in July.
Monday, April 25, 2011
YRC Worldwide recently announced it is making “significant progress” in steps it is taking to meet the agreements required in its effort to achieve its financial restructuring objectives by the end of July.
Tuesday, March 15, 2011
The long-term financial health outlook for less-than-truckload transportation services provider YRC Worldwide remains cloudy based on details in a 10-K annual report filed with the Securities and Exchange Commission yesterday.
Tuesday, March 01, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said yesterday that it has reached an agreement in principle with key stakeholders for a comprehensive restructuring plan.
Friday, February 04, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported net income of $23.1 million—of $0.49 per share—for the fourth quarter of 2010.
Wednesday, December 22, 2010
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said that it has made amendments to its credit agreement and asset-backed securitization facility (ABS) in order to provide additional time to finalize plans to recapitalize its balance sheet.
Posted on 12/22 at 11:01 AM
YRC Worldwide •
Friday, December 17, 2010
A federal judge in the U.S. District Court ruled against ABF Freight Systems in its case 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 12/17 at 01:50 PM
YRC Worldwide •
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Thursday, November 18, 2010
YRCW said the suit is without merit. Company also signals its intention to close down 31 terminals.