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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.
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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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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.
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For more than 20 years, Dan King has been helping develop and implement consumer and commercial tire sales strategies for Yokohama Tire Corp.. That will end on April 6 when he joins Tire’s Warehouse Inc., a large tire wholesaler based in Corona, Calif.
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The latest plan by nationwide less-than-truckload carrier YRC Freight to improve its financial and operational picture has been slowed.
Read More →YRC Freight, a subsidiary of YRC Worldwide Inc., announced that it has completed an agreement with Clean Energy Fuels Corp. to purchase four liquefied natural gas trucks to operate in Southern California.
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The parent of trucking companies YRC Freight and others, YRC Worldwide, has posted its first positive yearly numbers in six years, but things overall still need improvement in order to forget the company coming close to bankruptcy more than once in recent years.
Read More →YRC Freight, a subsidiary of YRC Worldwide Inc., announced that Darren Hawkins has been named senior vice president of sales and marketing, effective Jan. 14.
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As 2012 draws to a close, we bring you our picks for the top stories and trends of the past year, in Letterman-style reverse Top 10 order
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