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YRC Worldwide

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September 17, 2014 - Industry News

YRCW Improving, Expecting Better Profits

Photo: Evan Lockridge

YRC Freight CEO James Welch said while business in the first half of the year kept pace with its forecast, improvements are taking longer than originally anticipated at the national less-than-truckload carrier.

Tags: Fleets, Earnings, YRC Worldwide, LTL

August 26, 2014 - Industry News

YRC’s New Penn Names Foust as New President

Former Roadrunner executive Donald R. Foust has been named as the new president of YRC Worldwide’s regional less-than truckload operation New Penn, according to a filing with the Securities and Exchange Commission.

Tags: Fleets, People, YRC Worldwide, New Penn

July 31, 2014 - Industry News

YRC Worldwide Posts Smaller Second Quarter Loss

Photo: Evan Lockridge

YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.

Tags: Fleets, Earnings, YRC Worldwide, YRC Freight

May 1, 2014 - Industry News

First Quarter Losses Widen for YRC Worldwide

The parent company to the carrier YRC Freight and others moved to a bigger loss in the first quarter of the year.

Tags: Fleets, Earnings, Teamsters, YRC Worldwide, YRC Freight

March 5, 2014 - Industry News

YRC Freight Restructures, Board Member Resigns from YRC Worldwide

New YRC Freight president Darren Hawkins is shaking up things with the less-than-truckload carrier by reorganizing its management.

Tags: Leadership, Fleets, People, YRC Worldwide, YRC Freight

February 27, 2014 - Industry News

YRC Worldwide Cuts Yearly Losses, Names New President of YRC Freight

The parent to several trucking companies including YRC Freight managed to squeeze out a profit in the final quarter of last year, but still lost money for all of 2013.

Tags: Leadership, Fleets, People, Earnings, YRC Worldwide, YRC Freight

February 14, 2014 - Industry News

YRC Worldwide Completes Debt Refinancing

The parent to several trucking companies YRC Worldwide has announced it has closed on the financing of a new $700 million term loan and a $450 million asset-based loan.

Tags: YRC, Fleets, Teamsters, YRC Worldwide

February 3, 2014 - Industry News

YRC Worldwide Successfully Closes $300 Million Debt Reduction

Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide, YRC Freight

January 31, 2014 - Industry News

YRC Worldwide Successfully Amends Credit Agreement

YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.

Tags: Fleets, Teamsters, YRC Worldwide

January 26, 2014 - Industry News

YRC Teamster Members Say Yes to Contract Extension

YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.

Tags: Teamsters, YRC Worldwide, Fleets

January 22, 2014 - Industry News

YRC Teamsters Revote Set for This Weekend

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.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

January 17, 2014 - Industry News

Teamsters and YRC Reach New Tentative Agreement Following Failed Vote

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.

Tags: Fleets, Teamsters, YRC Worldwide, LTL

January 16, 2014 - Industry News

YRC and Teamsters Back in Talks Following Failed Contract Vote

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.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

January 9, 2014 - Industry News

Teamsters Vote Down YRC Contract Extension

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.

Tags: Fleets, Teamsters, YRC Worldwide

January 7, 2014 - Industry News

YRC Worldwide Looking to Borrow More Than $1 Billion to Stay Afloat

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.

Tags: Fleet Financing, Fleets, financials, Teamsters, YRC Worldwide

December 23, 2013 - Industry News

YRC Worldwide Reaches Agreement to Reduce Debt by $300 Million

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.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

December 9, 2013 - Industry News

Teamsters to Vote Soon on YRC Contract Extension

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.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

December 3, 2013 - Industry News

YRC Looking to Wall Street for Dollars to Help Pay Debt

YRC hopes to raise nearly $29 million by selling 3 million shares of stock. Photo by Evan Lockridge

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.

Tags: Fleets, Teamsters, YRC Worldwide, LTL

November 12, 2013 - Industry News

Arkansas Best, YRC Report Third-Quarter Results

YRC says it's making changes at YRC Freight. Photo by Evan Lockridge

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.

Tags: Fleet Financials, LTL, Arkansas Best, Teamsters, ABF, YRC Worldwide, YRC Freight

November 7, 2013 - Industry News

YRC and Teamsters Meet, More Concessions Expected from Union

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.

Tags: Fleets, Teamsters, YRC Worldwide

November 5, 2013 - Industry News

YRC Worldwide, Teamsters Set to Meet

Photo: Evan Lockridge

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.

Tags: YRC Worldwide, Teamsters, Fleets, LTL

September 23, 2013 - Industry News

Rogers Ousted as YRC Freight President

Photo: Evan Lockridge

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.

Tags: YRC Worldwide, YRC Freight, Leadership, Fleets

September 3, 2013 - Industry News

ABF Loses Another Teamsters/YRC Challenge, Extends Teamsters Contract

Photo: Evan Lockridge

ABF Freight System has again lost a court challenge against the Teamsters Union and competitor YRC Worldwide for a second time.

Tags: Arkansas Best, Teamsters, ABF, YRC Worldwide

August 8, 2013 - Industry News

YRC Considers Refinancing Debt Amid Continuing Losses

Photo: Evan Lockridge

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

Tags: YRC Worldwide

August 7, 2013 - Industry News

YRC Worldwide Narrows Second Quarter Loss

Photo: Evan Lockridge

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.

Tags: Fleet Financials, Earnings, YRC Worldwide

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