YRC Freight this week launched a restructuring plan that will close 29 terminals and three distribution centers and affect as many as 1,200 workers nationwide.
The change of operations, the second network reorganization in two years for YRC Freight, is projected to save the company $25 million to $30 million a year.
“Our primary goal is to provide our customers with consistent, reliable, damage-free service,” said Jeff Rogers, president of the long-haul less-than-truckload carrier.
The change of operations, projected to cost the company and the Teamsters union about 230 net jobs, is part of a long-term re-engineering plan at YRC Freight.
The streamlined network will have 266 terminals and will move freight faster with fewer claims and greater lane and terminal shipment density, the company said.
Over the past few years, most large LTL trucking companies have reconfigured their networks to boost efficiency, improve customer service and restore profits.
The 10 largest LTL trucking companies reduced their combined terminal count by 18.5 percent from 2007 through 2011, according to SJ Consulting Group.
With $3.2 billion in annual revenue, YRC Freight is the third-largest LTL carrier in the U.S., according to the JOC/SJ Consulting ranking of the Top 25 LTL carriers.