The Teamsters union will meet with representatives of YRC Freight April 19 to discuss the trucking giant's plans to restructure its terminal network.
Union and company representatives will meet in Dallas, according to a statement released by Teamsters National Freight Director Tyson Johnson and Assistant National Freight Director Gordon Sweeton.
"At this point, it is appropriate for affected local unions to meet with YRC to discuss the company's proposed change of operations in accordance with normal practice," the union said in the March 28 statement.
YRC Freight, a $3.2 billion company and the third-largest stand-alone less-than-truckload carrier in the U.S., wants to close 29 terminals and three distribution centers.
The plan — which aims to reduce freight handling and damage and to speed shipments significanty — could eliminate 230 jobs and would affect more than 1,200 workers.
Transportation consultant Satish Jindel of SJ Consulting Group estimates the plan could save YRC Freight $25 to $30 million as it struggles to restore and maintain profitability.
YRC Freight restructured its network last year without closing facilities, redirecting freight flow among its 295 terminals. The closures would reduce its network to 266 terminals.
The long-haul LTL company reported its first quarterly operating profits in four years in 2012 — $2.8 million in the third quarter and $21.1 million in the fourth quarter.
YRC Freight lost $37.3 million in 2012, compared with an operating loss of $88.5 million in 2011 and $170.3 million in 2010.