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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.
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The parent company to the carrier YRC Freight and others moved to a bigger loss in the first quarter of the year.
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Online freight marketplace uShip has announced three top national less-than-truckload carriers have committed to uShip’s shipper-direct LTL spot rate marketplace.
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New YRC Freight president Darren Hawkins is shaking up things with the less-than-truckload carrier by reorganizing its management.
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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.
Read More →Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.
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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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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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