YRC

By John D. Schulz · April 11, 2016
YRC Freight, the nation’s third-largest LTL carrier with over $3 billion in revenue, is upping the ante in the time-definite market. With the introduction of its “Accelerated” shipping option, YRC says it is cutting transit times by up to one or two days from its standard service.
By John D. Schulz · May 4, 2015
Led by perennial earnings champ Old Dominion Freight Line, the nation’s LTL carriers as a group are enjoying a particularly strong earnings season—especially when one considers the first quarter usually is the slowest period for trucking in general with harsh winter weather bearing down on earnings.
By John D. Schulz · February 6, 2015
YRC Worldwide, continuing its turnaround under CEO James L. Welch, posted its second straight quarterly profit in the fourth quarter of last year.
By John D. Schulz · October 31, 2014
It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.
By John D. Schulz · August 1, 2014
YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.
By John D. Schulz · May 1, 2014
YRC swung from consolidated operating income of $9.9 million in the year-ago quarter to a consolidated operating loss of $32.4 million in the 2014 first quarter. That came on operating revenue of $1.211 billion, compared with year-ago revenue of $1.162 billion.
By Jeff Berman · February 27, 2014
In a year that was replete with labor-related and financing issues, less-than-truckload (LTL) transportation services provider YRC Worldwide reported relatively solid earnings for the fourth quarter and 2013 year-end.
By John D. Schulz · February 17, 2014
YRC Worldwide, in a major refinancing aimed at lowering its annual interest payments and increasing liquidity for badly needed recapitalization, has refinanced approximately $1.1 billion in debt under much more favorable terms for the 90-year-old trucking company.
By John D. Schulz · January 27, 2014
YRC Worldwide was given a badly needed financial lifetime when continuation of a five-year wage and pension concession agreement was ratified by a 2-to-1 margin of its Teamsters-covered employees.
By LM Staff · January 22, 2014
Following a tentative agreement announced late last week between less-than-truckload (LTL) transportation services provider YRC Worldwide and the International Brotherhood of Teamsters on an extension of the collective bargaining agreement of YRC’s 26,000 Teamsters employees to March 2019, details of the agreement emerged yesterday at a “two-person” meeting of local union officials.
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.

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