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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.
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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.
Read More →Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.
Read More →YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.
Read More →YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.
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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.
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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.
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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.
Read More →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.
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