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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.
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Con-way Freight announced a major expansion for central Texas and surrounding communities with plans to build a new, 48-door, 18,870-square-foot freight service center in the city of Robinson.
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Two carriers serving the less-than-truckload markets have announced general rate hikes.
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The increased rate provides for a nominal increase in intrastate, interstate and cross-border lane charges. The new rate will also offset the rising costs of new equipment and insurance, while preserving competitive wages and benefits for employees.
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The asset-light transportation and logistics service provider Roadrunner Transportation Systems is opening service centers in Kansas City, Mo., and Buffalo, N.Y.
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Less-than-truckload carrier Old Dominion expects growth in tonnage per day to increase in a range of 5.0% to 5.5% compared to the second quarter of 2012, versus its previous expectation of an increase in a range of 4.5% to 5.0%.
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The nationwide less-than-truckload carrier YRC Freight this week said it began making changes in its network that will result in the closing of nearly 30 terminals and three distribution centers.
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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.
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Representatives of the International Brotherhood of Teamsters and the trucking company ABF have reached a tentative contract agreement.
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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.
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