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.
YRC Worldwide Companies YRC Freight, Holland, Reddaway and New Penn Receive U.S. EPA SmartWay Excellence Award
18 Feb 2014
With a refinancing deal and Teamsters contract that give YRC Worldwide a five-year reprieve, CEO James Welch will focus all efforts at improving “execution” at troubled YRC Freight and on serving shippers better.
14 Feb 2014
YRC Worldwide, the second largest LTL trucker, has five more years to recover from more than $3 billion in losses thanks to a $1.1 billion refinancing package and a decade of Teamsters concessions.
31 Jan 2014
YRC Worldwide will get an additional two weeks to pay or refinance $69.4 million in long-term debt as it closes a $300 million debt-for-equity swap.
30 Jan 2014
YRC Worldwide is racing to clear the last hurdles to securing $1.15 billion in refinancing before a February debt deadline.
28 Jan 2014
With its new Teamsters contract in hand, YRC Worldwide launched a $300 million debt-for-equity exchange today, the next step in a major debt reduction and refinancing program.
27 Jan 2014
When YRC Worldwide’s Teamsters employees approved a five-year contract Jan. 26, they gave the struggling company more than just concessions needed to refinance $1.36 billion in debt and avoid bankruptcy. They gave the $4.9 billion trucking operator the chance to break free of a cycle of short-term crises and “reset” its business.
27 Jan 2014
YRC Worldwide’s Teamsters employees approved a five-year contract by a wide margin this weekend, giving the struggling trucking operator concessions needed to refinance $1.36 billion in debt.
24 Jan 2014
This weekend, about 26,000 YRC Teamsters will visit union halls across the country to vote on the second proposed contract aimed at extending wage and pension benefit concessions. Their vote will determine whether YRC Worldwide has a shot at refinancing $1.36 billion in long-term debt.
17 Jan 2014
The Teamsters union and YRC Worldwide reached a tentative contract agreement Friday that must be reviewed by local union leaders before being put to a vote.
17 Jan 2014
The International Brotherhood of Teamsters wants YRC Worldwide to offer “meaningful improvements” in any contract proposal that replaces the one defeated by rank-and-file members last week.
16 Jan 2014
YRC Worldwide said it will revise its failed contract proposal, rather than put the proposal to a second vote. The company is in discussions with Teamsters union leaders.