A tentative contract would give Teamsters at carrier YRC Worldwide an 18 percent wage increase over five years but would still leave wages lower than at competing carriers.
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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 Penn — employ 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.
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Press Releases
22 Mar 2019
Terms of the tentative pact between the Teamsters union and the largest unionized LTL operator aren’t final yet, but the extension of the current contract until May 31 should reassure skittish shippers.
13 Mar 2019
With the current labor agreement at YRC Worldwide expiring March 31, shippers are anxious for a new contract at one of the largest US LTL operators.
11 Jan 2019
For the first time in a decade, LTL operator YRC Worldwide enters contract talks without an existential threat to its survival looming.
14 Dec 2018
The lawsuit stems from a long-running dispute and investigation into reweighing of military freight.
09 Nov 2018
Shippers search for alternate carriers as rank-and-file union members vote on ‘last, best’ offer from LTL carriers.
13 Aug 2018
Shippers take note: concerning US less-than-truckload trucking companies’ pricing power in contract talks, it’s not the end. It’s not even the beginning of the end.
19 Oct 2017
YRC Worldwide was hit by two hurricanes and a wave of rising transportation costs in the third quarter, forcing it to lower its projected operating profit for 2017.
18 Aug 2017
Does an atypically "robust" summer for US freight demand signal higher road and rail rates ahead for shippers?
08 Aug 2017
Shippers want faster door-to-door service from less-than-truckload carriers.
01 Aug 2017
A steady increase in freight volumes and e-commerce demand is fueling an expansion of LTL networks, with YRC Freight planning eight distribution centers.
25 May 2017
LTL operator's chief customer officer says his company and others need to change "mindset," work with customers to avoid disruption in the Amazon era.
06 May 2017
Less-than-truckload operator advances contract talks and said it takes more than price hikes to make a profit.
