Posts Tagged ‘yrc’

After Carlyle stock sale, where is YRC Worldwide headed on Wall Street?

The Carlyle Group knows how — and when — to make a buck. When YRC Worldwide’s stock price jumped 18 percent following the approval a new credit agreement, the global investment firm sold its stake in the $4.9 billion trucking holding company for $89.4 million.

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YRC Freight Introduces Redesigned Website and Instant, Easy-to-Use Dimensional Web Quoting

OVERLAND PARK, Kan.,

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YRC Freight expands distribution operations in Memphis, Houston, Seattle

YRC Freight upgraded three terminals to distribution centers to help better manage higher freight volumes, completing a process begun in June in time for the fall peak shipping season. The step up from truck terminal to DC in Memphis, Houston and Seattle is meant to increase capacity and shift freight flow..

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YRC Worldwide names new president of regional trucking subsidiary

Donald R. FoustAfter five years with Roadrunner Transportation Systems, Donald R

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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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