Posts Tagged ‘yrc’

YRC Freight Sends 23 State Champion Drivers to the 2014 National Truck Driving Championships

OVERLAND PARK, Kan.,

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YRC Worldwide cuts losses, but struggles with surging freight

At times, there can be such a thing as too much freight. When total shipments per day at YRC Freight rose 4.8 percent in the second quarter, and freight tonnage was up 5.9 percent year-over-year, the increase meant more hiring, more handling and higher operating costs

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YRC Freight looks to expand LTL capacity by adding distribution centers

YRC Freight’s terminal facility count has dropped from 521 in 2008 to just 267 Full-size chart After years of contraction, YRC Freight is planning expansion, seeking to upgrade several terminals amid strong second quarter demand and eyeing the fall peak shipping season. Citing “significant business growth,” the less-than-truckload carrier wants the Teamsters union…

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YRC Teamsters Set to Vote on New Contract

YRC Worldwide’s Teamsters employees will decide whether to extend wage concessions until March 2019, helping the trucking giant to refinance its debt and avoid bankruptcy. The less-than-truckload operator’s lenders are demanding an extension of the concessions and a more “competitive” contract as a prerequisite to refinancing $1.36 billion in debt.

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YRC Worldwide Plans $28.7 Million Stock Sale to Cut Debt

YRC Worldwide is turning to Wall Street for help reducing its massive debt as it works to achieve new long-term agreements with its Teamsters and lenders. The troubled $4.9 billion trucking operator plans to sell up to 3 million shares of common stock on the open market to raise as much…

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Teamsters Set Date to Review YRC Proposal

Teamsters leaders will meet next week to review a contract proposal from YRC Worldwide and decide whether to submit it to the membership for a vote. The trucking giant today announced the International Brotherhood of Teamsters had chosen Dec

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YRC Worldwide Loses $44.4 Million

YRC Freight is No. 3 in the JOC’s ranking of the Top 25 LTL CarriersYRC Worldwide drove back into losses in the third quarter after an ambitious network reorganization at long-haul YRC Freight went awry this summer. Unexpected manpower shortages were among the factors contributing to an overall decline in service…

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YRC Worldwide Asks Teamsters to Extend Contract

YRC Worldwide has asked its International Brotherhood of Teamsters employees to engage in formal negotiations for a contract extension, in order to secure restructuring debt financing from its lenders. As a result of these developments, YRC said it will postpone its third quarter conference call until Nov. 12 at 4:30 p.m….

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Facing Debt Deadlines, YRC Asks Teamsters for Help

Once again, YRC Worldwide is turning to its most consistent supporters — its 32,000 employees and the Teamsters — for help getting out of a fiscal jam. YRC Worldwide is expected to ask its union employees to extend their current contract beyond 2015 in order to secure restructuring debt financing from…

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YRC Worldwide, Teamsters Set to Meet in Dallas

YRC Worldwide, fresh from a terminal network restructuring and change in leadership at $3.2 billion less-than-truckload carrier YRC Freight, will meet with the Teamsters union early next month to discuss the company’s future. Teamsters officials and YRC Worldwide executives will sit down in Dallas Nov

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