YRC News & Resources
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Name change only the start of changes coming at Yellow Corp., subsidiaries
December 7, 2020
There are operational changes occurring at networks run by long-haul YRC Freight as well as regional subsidiaries New Penn (East), Holland (Central States) and Reddaway (West) and HNRY, its third-party logistics unit. The goal is to coordinate shipments better, and reduce transit times, Yellow CEO Darren Hawkins confirmed to LM.
YRC cuts quarterly loss to $2 million, going back to Yellow brand
November 3, 2020
Yellow’s finances have improved during the third quarter ended Sept. 30. Operating revenue was $1.183 billion and operating income was $19.4 million. In comparison, operating revenue in the third quarter of 2019 was $1.257 billion and operating income was $23.8 million, which included a $1 million net loss on property disposals.
YRC’s $700 million lifeline changes LTL landscape for rival carriers, shippers
July 22, 2020
Trucking’s competitive dynamics changed mightily on July 1 with the U.S. government’s infusion of $700 million in a badly needed financial lifeline for ailing trucking giant YRC Worldwide. YRC companies control about 10% of the $46 billion less-than-truckload (LTL) market. Rival LTL carrier executives and YRC customers were stunned by what is the largest freight financial transportation assistance from the American government for a non-airline company.
YRC dips into red ink in Q3, posting $16 million loss in quarter
October 31, 2019
After earning $2.9 million in the 2018 third quarter, YRC sustained a $16 million net loss in the most recent quarter. The quarterly loss was exacerbated by an $11.2 million loss on extinguishment of debt associated with a refinancing of the term loan agreement, which resulted in a negative impact of $0.34 cents per share for the third quarter 2019.
Consolidation coming: YRC to shut down New Penn headquarters
July 10, 2019
YRC Worldwide, still struggling to find its financial footing in one of the best freight environments in a generation, is trying to cut its way back to prosperity. The less-than-truckload giant is shuttering the Lebanon, Pa., administrative headquarters of regional LTL subsidiary New Penn and consolidating those operations at its Overland Park, Kan., corporate headquarters.
YRC Worldwide issues Q2 operating metrics through May
June 11, 2019
Overland Park, Kan.-based national less-than-truckload (LTL) transportation services provider YRC Worldwide, parent of the fourth- and seventh-largest trucking entities in the LTL sector, released some operating metrics for the first two months of the second quarter.
YRC Worldwide gives early look at Q4 financial results
January 11, 2019
YRC Worldwide, which controls the fourth- and eighth-largest less-than-truckload (LTL) units with its long-haul and regional trucking companies, is offering an early peak into its operating results for the fourth quarter 2018.
YRC, Teamsters float trial work rule balloons in advance of NMFA contract talks
December 24, 2018
YRC Worldwide, which controls the fourth- and eighth-largest LTL companies with its long-haul YRC Freight and YRC Regional units, is embarking on what could be a make-or-break contract with its 24,000 Teamsters union. Because YRC has struggled to regain profitability following its decision to buy rival Roadway Express in a debt-laden $1.1 billion transaction in 2003, any significant change in either units’ wage structure or fringe benefits could trigger another downturn for the Overland Park, Kan.-based company.
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