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YRC Worldwide

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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: Fleet Financing, 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, 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, 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: 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, Arkansas, LTL, 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: 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, 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

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, 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

May 10, 2013 - Industry News

Teamsters Blast YRC, ABF Over Talks

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."

Tags: Arkansas, Teamsters, YRC Worldwide, ABF, YRC, LTL

May 8, 2013 - Industry News

ABF Spurns Offer From YRC Worldwide

No deal, said ABF to YRC's purchase offer.

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.

Tags: Arkansas, Teamsters, YRC Worldwide, LTL

May 6, 2013 - Industry News

YRC Reports First Quarter Profit for the First Time in Six Years

For the first time since 2007, YRC Freight reported positive operating income in the first quarter.

YRC Worldwide has done something it hasn’t in quite a while: posted positive first quarter financial numbers.

Tags: Earnings, YRC Worldwide, LTL, Fleet Financials

April 24, 2013 - Industry News

YRC Freight, Teamsters Agree To Network Changes

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.

Tags: Teamsters, YRC Worldwide, YRC Freight, YRC, LTL

April 17, 2013 - Industry News

YRC Reaches Tentative Deal With IAM Members

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.

Tags: YRC Worldwide

April 16, 2013 - Industry News

YRC Locks Out IAM Union Members

The parent company to YRC Freight and others, YRC Worldwide, announced it was ending a contract extension with the International Association of Machinists as of Monday. In a release, the company said it will continue to talk with the IAM, though it points out the lack of significant progress in the negotiations led to the lock-out.

Tags: YRC Worldwide

April 2, 2013 - Industry News

Teamsters Set To Meet With YRC Over Terminal Closures

Representatives of the Teamsters Union are set to meet on April 19 with officials from YRC Freight to discuss changes to the less-than-truckload carrier’s terminal network.

Tags: YRC, Teamsters, YRC Worldwide, LTL

April 2, 2013 - Industry News

ABF and Teamsters Extend Contract, ABF Still Challenging YRC-Teamsters Concessions

ABF has indicated in the current round of talks it is looking to get big concessions from the Teamsters while the union is looking to increase wages and benefits.

The Teamsters Union and the less-than-truckload carrier ABF failed to reach an agreement by the time the most recent labor pact expired at the end of March, but they intend to keep talking, having agreed to a 30-day extension.

Tags: Arkansas, Teamsters, ABF, YRC Worldwide

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