October 31, 2014 - Industry News
Trucking operation YRC Worldwide turned its business around in the third quarter of the year, going from a $44.1 million net loss a year ago to a net profit of $1.2 million.
Tags: Fleets, Earnings, YRC Worldwide, YRC Freight
September 17, 2014 - Industry News
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
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 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.
May 1, 2014 - Industry News
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
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
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
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
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 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 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
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
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
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 - Industry News
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 - Industry News
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
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 - Industry News
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 - Industry News
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 - Industry News
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
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 - Industry News
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
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 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
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
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