YRC Worldwide

YRC Worldwide

YRC Worldwide is an American transportation company that offers shipping of industrial, commercial, and retail goods. Founded in 1924 with headquarters in Overland Park, Kansas, the company reported 2013 revenue of $4.86 billion, up 0.3 percent year-over-year. The company also recorded a net loss of $83.6, down from the previous year’s net loss of $136.5 million.

YRC Worldwide and its subsidiaries — YRC Freight, YRC Reimer,Reddaway, Holland and New Pennemploy 32,000 individuals worldwide and serve over 200,000 customers, delivering approximately 22 million shipments annually. The transportation company specializes in heavyweight shipments and supply chain solutions through utilizing a fleet of approximately 8,500 tractors and 33,000 trailers.

2013 was the seventh straight year of net losses for YRC Worldwide. Combined, the less-than-truckload operator’s annual losses since 2007 total $3.1 billion. However, YRC Worldwide also reported its second consecutive annual operating profit — $28.4 million — following a $24.1 million operating profit in 2012.

10 Sep 2014
A fundamental improvement in the industrial U.S.
YRC Freight logo
27 Feb 2014
The $4.87 billion less-than-truckload operator scraped through a tumultuous 2013 and promises to focus on improving fundamental processes at YRC Freight in 2014.
YRC trucks
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.
YRC Freight truck
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.
YRC hybrid truck
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.
Three YRC Freight trucks
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.
YRC Worldwide truck
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.