With volume returning, less-than-truckload operators are putting more pressure on shippers to raise rates.
Tuesday September 22, 2020
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YRC Worldwide
YRC Worldwide
YRC Worldwide is the holding company for a portfolio of less than-truckload (LTL) companies, including YRC Freight, a leading transporter of industrial, commercial, and retail goods; New Penn, which provides next-day delivery throughout the Northeastern US, parts of Canada, and Puerto Rico; Holland, which provides LTL shipments in central and southeastern US, and Eastern Canada; Reddaway, which provides next-day delivery throughout the Western US; YRC Reimer, a Canadian provider of commercial transportation services; and HNRY Logistics, which has five service divisions: Truckload Direct, Express Direct, Residential Direct, Engineered Solutions and Contract Logistics.
Webcasts
Sep 10, 2020 11:00AM EDT
Sep 17, 2020 11:00AM EDT
Oct 22, 2020 1:00PM EDT
Press Releases
20 Jul 2020
A bipartisan congressional commission questioned a $700 million US loan to YRC Worldwide, but its ability to scuttle the loan is questionable.
02 Jul 2020
The US government’s $700 million loan to YRC Worldwide guarantees LTL stability in an uncertain economy.
12 May 2020
YRC Worldwide says a double-digit drop in freight volume will accelerate efforts to consolidate its less-than-truckload networks while keeping its individual carrier brands.
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
11 Mar 2020
Long-haul LTL carrier YRC Freight is expanding a next-day service offering in Texas, where its parent company previously had no regional footprint.
11 Feb 2020
XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
10 Feb 2020
The third-largest US LTL operator commits to ongoing reorganization, and sees glimmers of recovery in US manufacturing activity and freight demand in early 2020.
12 Dec 2019
A ‘freight volume headwind’ blew hard against YRC Worldwide in November, driving down tonnage at YRC Freight 10.2 percent year over year. December is looking better, the carrier says.
13 Nov 2019
YRC Worldwide is keeping its well-known brands separate, but blending its regional and national terminal networks, as well as sales and management.
30 Sep 2019
YRC Freight is building its own fleet of domestic containers — to reach 600 by year’s end — for use on BNSF Railway lines connecting West Coast ports with the US heartland.
30 Sep 2019
YRC Worldwide achieved its latest labor goal, another step toward its long-term recovery plan.
11 Sep 2019
Winning more favorable terms from its lenders will help YRC Worldwide proceed with a strategic plan to reshape its LTL networks and improve profitability.
11 Jul 2019
YRC Worldwide is not merging any of its carriers, but is consolidating back-office functions by closing its New Penn headquarters, and plans to eliminate 'duplicate' terminals.
25 Jun 2019
Lower manufacturing activity, high inventories, and trade wars are flattening the US freight economy, speakers at the SMC3 Connections 2019 conference said.
15 May 2019
With a new five-year contract finally in place, YRC Worldwide is working to recover less-than-truckload shippers who withheld or shifted business in the months before the Teamsters contract was approved.
07 May 2019
Trucking companies say a proposal by New York Governor Andrew Cuomo to charge a fee for vehicles entering a “congestion pricing” zone in Manhattan would drive up costs that would then be passed on to shippers.
03 May 2019
A new contract was approved by 60 percent of YRC Worldwide Teamsters, but the rejection of one supplement holds up ratification.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
12 Apr 2019
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.
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.
09 Feb 2017
Large less-than-truckload carriers are rolling into 2017 on a firmer foundation and look to boost pricing.
29 Nov 2016
Companies such as Old Dominion Freight Line, Estes Express Line, and Saia are adding terminals and doors. Can they add more freight and market share?
28 Oct 2016
Despite a "soft industrial backdrop" and lower fuel surcharges and revenue, less-than-truckload carrier YRC Freight raised profits nearly 25 percent year-over-year in the third quarter and opened a new terminal.
01 Aug 2016
Despite lower volumes, many LTL carriers say they are still winning contractual rate increases.
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