January 22, 2014
Leaders from Teamster local unions representing workers at trucking giant YRC Worldwide, have overwhelmingly recommended approval of a revised tentative labor contract members will vote on this coming Saturday and Sunday.
January 17, 2014
The Teamsters Union and YRC Worldwide announced Friday they reached a tentative agreement on a new labor contract, providing a pathway for substantial debt reduction and refinancing initiatives for the parent of several trucking operations.
January 16, 2014
It’s back to the negotiation table for the financially troubled parent of several trucking companies, YRC Worldwide, following Teamsters Union employees voting down a contract extension.
January 9, 2014
Teamsters Union truck drivers and other workers at the parent of less-than-truckload carriers, YRC Worldwide, have rejected the company’s proposal that would have extended and modified the existing labor contract until 2019, putting the company in jeopardy of having to file for bankruptcy.
January 7, 2014
The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.
December 23, 2013
Christmas came a couple of days early for the parent of several less-than-truckload carriers, saying it has reached an agreement with certain holders of notes that will allow it to reduce debt by approximately $300 million.
December 9, 2013
The parent to several trucking companies, YRC Worldwide, has announced that local union leaders of the Teamsters Union have approved sending the company's proposed changes to the current Memorandum of Understanding to its 26,000 YRCW members for a vote.
December 3, 2013
The financially troubled parent company to several fleets, YRC Worldwide, is looking to investors to help it pay off some debt, according to the Journal of Commerce.
November 12, 2013
Two of the industry's large, unionized less-than-truckload carriers announced their third quarter results Tuesday, with the non-asset-based Panther Expedited helping Arkansas Best and problems at YRC Freight weighing down YRC Worldwide.
November 7, 2013
On Tuesday officials with the parent company to several trucking operations, YRC Worldwide, met with representatives of the Teamsters Union in Dallas to update them on the company's most recent performance, future prospects and corporate refinancing opportunities.
November 5, 2013
A few years ago, YRC Worldwide was able to stay afloat with the help of union workers agreeing to a series of wage and benefit cuts. YRC's back in the same boat, but this time around, lenders are insisting on changes.
September 23, 2013
The parent of several trucking operations, YRC Worldwide, has announced CEO James Welch has assumed the responsibilities as president of the company’s national less-than-truckload service provider YRC Freight. He succeeds Jeff Rogers, who left the company for undisclosed reasons.
September 3, 2013
ABF Freight System has again lost a court challenge against the Teamsters Union and competitor YRC Worldwide for a second time.
August 8, 2013
After nearly filing for bankruptcy more than once in recent years and with financial losses that aren’t stopping, the parent of the trucking company, YRC Freight, along with others, is looking at restructuring its debt yet again
August 7, 2013
The parent to several trucking companies, YRC Worldwide, lost money in the second quarter of the year, but not as much when compared to the same time a year ago.
May 10, 2013
Teamsters Union President James Hoffa Friday had some harsh words for LTL giant YRC Worldwide following news that it tried to purchase competitor Arkansas Best, which owns ABF, calling the move "unconscionable."
May 8, 2013
Just before reporting positive first quarter numbers, the parent of several less-than-truckload carriers, YRC Worldwide, reportedly made a bid for competitor ABF – without success.
May 6, 2013
YRC Worldwide has done something it hasn’t in quite a while: posted positive first quarter financial numbers.
April 24, 2013
The Teamsters union has approved the network optimization plan YRC Freight submitted in March. The plan will close 29 terminals, forcing the company to change how freight moves through its network of more than 260 other terminals.
April 17, 2013
YRC Worldwide announced Wednesday that it has reached a tentative agreement with the leadership of the International Association of Machinists on a new contract for about 200 of its mechanics, likely putting to rest fears that it could lead to further labor problems.
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