YRC Worldwide

YRCW reported today that for the fourth quarter of 2011 its consolidated operating revenue—at $1.212 billion—was up 11.1 percent annually, with a consolidated operating loss of $38 million.

Company officials said this change reflects where it wants to go as a trucking company.

This service will run to and from Las Vegas and key markets in northern California, with overnight deliveries now available between Las Vegas and Oakland, Sacramento, San Jose, and Stockton, according to Reddaway.

Once the sale of the building, which will remain open until March 31, is complete, the report said YRCW will have roughly 4,000 employees based in Ohio.

Less-than-truckload transportation services provider YRC Worldwide Inc. said yesterday it has “sold a significant portion of its assets” of its truckload subsidiary, Glen Moore, to Celadon Trucking Services Inc., a subsidiary of truckload carrier Celadon Inc.

Less-than-truckload transportation services provider YRC Worldwide announced that effective Friday, December 2 it will implement a 1:300 reverse split of YRC common stock.

Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) today reported a third quarter net loss of $177.9 million, which was more than double the $61.7 million net loss from a year ago.

Earlier this week, less-than-truckload transportation services provider YRC Worldwide took steps to augment operations of its national operations of YRC, its largest subsidiary.

The financial restructuring of less-than-truckload services provider YRC Worldwide appears to be complete based on news late last week noting that company shareholders unanimously voted to have YRCW common stock diluted, according to media reports.

There is new optimism, fresh capital and a familiar face at the wheel of financially ailing LTL giant YRC Worldwide as it hopes to end a five-year slump in which it has lost in excess of $2.6 billion, and tries to shed its infamous title of biggest money-loser in the history of trucking.

The company yesterday rolled out an average GRI of 6.9 percent which will cover non-contractual shipments in the United States, Canada, and Mexico, with increases varying by lane and shipment type, according to company officials.

YRC Worldwide has obtained commitments for a three-year, $400 million asset-based loan (ABL) facility that will replace its current asset-backed securitization (ABS) facility.

Those less-than-truckload (LTL shippers) yearning for an optimistic sign from YRC Worldwide’s four-year bout with bankruptcy and cessation may get a ray of hope from the LTL giant’s resumption of partial payments to its Teamsters’ pension plans after a 23-month hiatus.

During its first quarter earnings call, YRC stated the terms of its latest debt swap plan, and has engaged Morgan Stanley to arrange a new $400 million asset-based loan facility that CEO Bill Zollars says will “enhance our liquidity and strengthen our balance sheet.”

Earlier today, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $102 million net loss in the first quarter and a $2.14 loss per share. Despite the losses, company officials said this represented an improvement over the first quarter of 2011, which saw a net loss of $274 million and $13.15 per share.