yrc News Updates

Business

YRC Says 3Q Tonnage Up; Expects Operating Loss

YRC Worldwide said Monday its third-quarter tonnage was up from a year ago and its revenue per shipment also improved, though it forecast an operating loss for the quarter.

October 18, 2010
Business

Union Agrees to More Pay Cuts to Save YRC $350 Million a Year

YRC Worldwide Inc. and the Teamsters last week agreed on a third round of financial concessions that the less-than-truckload carrier said would save it $350 million annually.

October 4, 2010
Business

YRC Chief Zollars to Retire After Recovery Plan Is Done

William Zollars, the chief executive officer who built YRC Worldwide Inc. into a $10 billion freight company and then navigated the company through large losses during the recession, said last week that he will retire when the companys comprehensive recovery plan is completed.

October 4, 2010
Business

YRC Changes Ticker Symbol for Month

YRC Worldwide said Friday its ticker symbol has temporarily changed to YRCWD, from YRCW, a standard practice in conjunction with its reverse stock split.

October 1, 2010
Business

YRC, Teamsters Leadership Approve Labor Agreement

YRC Worldwides board and the Teamsters unions leadership have each approved an agreement extending current pay cuts through 2015 and delaying YRCs resumption of pension contributions until June.

September 30, 2010
Business

YRCs William Zollars to Retire

YRC Worldwide Chairman and CEO William Zollars will retire following completion of the companys comprehensive recovery plan, the less-than-truckload carrier said.

September 28, 2010
Business

YRC Announces Tentative Agreement with Teamsters Union

YRC Worldwide said it has reached a tentative agreement with the Teamsters union to address competitiveness issues, re-entry into multi-employer pension funds and progress toward [the companys] long-term growth.

September 27, 2010
Business

YRC Plans Appeal to Avoid Nasdaq Delisting

YRC Worldwide plans to ask the Nasdaq stock market for additional time to avoid having its shares delisted, the Kansas City Business Journal reported.

September 8, 2010
Business

YRC Logistics Rebranded as MIQ Logistics

YRC Worldwides logistics unit, which the carrier sold to a private equity firm, has been rebranded MIQ Logistics, and the new entity Wednesday named Joey Carnes its chairman and chief executive officer.

August 18, 2010
Business

YRCs 2Q Loss Narrows as Carrier Reports Operating Profit

YRC Worldwide said Tuesday its second-quarter loss narrowed as it reported positive operating income for the three-month period.

August 3, 2010