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YRC Worldwide

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October 27, 2016 - Industry News

Earnings Watch: YRC, Universal Truckload Post Smaller Profits

Earnings for the parent of the mainly less-than-truckload carrier YRC Freight and others turned in a smaller third quarter numbers late Thursday, while one logistics operator also reported its profit is down from a year ago.

Tags: Economy, YRC Worldwide, YRC Freight, Fleet Earnings, Universal Logistics Holdings

July 29, 2016 - Industry News

Earnings Watch: UPS, YRC, Saia, ArcBest, Universal

The week wrapped up with more fleets reporting their second-quarter earnings. Like many that have already advised, profits for three were lower, while the largest trucking company in the nation and another a few years ago that was on the brink of extinction showed improvements.

Tags: Economy, UPS, ABF, YRC Worldwide, YRC Freight, Saia, UPS Freight, Universal Truckload, ArcBest Corp., Fleet Earnings, Universal Logistics Holdings

April 28, 2016 - Industry News

Earnings Watch: UPS Jumps; YRC Improves; ODFL, Universal Lower

UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.

Tags: Economy, UPS, Old Dominion Freight Line, Earnings, UPS Freight, Universal Truckload, Fleet Earnings, YRC Worldwide, YRC Freight

February 4, 2016 - Industry News

Earnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide

Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.

Tags: Economy, Old Dominion Freight Line, Roadrunner Transportation, YRC Worldwide, YRC Freight, Hub Group, Fleet Earnings

October 30, 2015 - Industry News

Earnings Watch: Celadon, ODFL, YRC Worldwide, ArcBest, Hub Group

More trucking companies have released their third quarter financial earnings, showing improvements from a year earlier or at least maintaining their ground, despite complaints about the recent freight-hauling environment.

Tags: Celadon Trucking Services, Celadon Group, ABF, YRC Worldwide, YRC Freight, Hub Group, Economy, Old Dominion Freight Line, ArcBest Corp., Fleet Earnings, LTL

May 1, 2015 - Industry News

YRC Worldwide Reduces First Quarter Loss

Photo via YRC

Trucking operator YRC Worldwide Inc. cut some of its losses the first quarter of the year, but was still $21.6 million in the red.

Tags: YRC Worldwide, Economy, Quarterly Earnings

February 5, 2015 - Industry News

YRC Worldwide Moves to Bigger 4th Quarter Profit

Photo via YRC.

The parent to several trucking companies, including YRC Freight, released earnings Thursday showing an improvement in the fourth quarter, but the company was still in the red for all of last year.

Tags: Earnings, YRC Worldwide

January 26, 2015 - Industry News

Former Roadway CEO Michael Wickham Dies

Former Roadway CEO Michael W. Wickham passed away last Tuesday Jan. 20, at his home in Palm Coast, Fla. Wickham was 67 years old.

Tags: Obituary, ATRI, People, YRC Worldwide

November 25, 2014 - Industry News

YRC Worldwide’s Holland Moving to New Headquarters

The regional less-than-truckload carrier Holland is relocating its headquarters to a larger facility due to growing business, according to parent YRC Worldwide Inc.

Tags: YRC Worldwide, Holland

October 31, 2014 - Industry News

YRC Worldwide Moves from Third Quarter Loss to Profit

Photo: Evan Lockridge

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: Earnings, YRC Worldwide, YRC Freight

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

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, 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, 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: 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

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

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