Tag Archives: Overland Park

YRC Worldwide, Teamsters reach tentative agreement

YRC Worldwide Inc. has forged a tentative agreement with the International Brotherhood of Teamsters that would help the trucking company cut costs and maintain cash. The Overland Park-based company (Nasdaq: YRCW) said Thursday that Teamster leaders had agreed to modify … Continue reading

Posted in Truck Driver Industry | Tagged agreement, , economic recession, General President James Hoffa, , james hoffa, Mike Smid, , , union, , , | Leave a comment

YRC Worldwide gets unloaded from S&P MidCap 400

YRC Worldwide Inc. will lose its place in the Standard & Poor’s MidCap 400 index Monday because of its falling market capitalization. Standard & Poor’s said this week that Fossil Inc. (Nasdaq: FOSL) would take YRC’s place in the index. … Continue reading

Posted in Truck Driver Industry | Tagged align technology inc, freight volumes, Inc, index, market, market capitalization, Nasdaq, , P SmallCap, , , | Leave a comment

YRC reaches pension deal

Trucking company YRC Worldwide Inc. (NASDAQ: YRCW) is reaching agreements with its largest union that will save it significant amounts of cash, but a second industry analyst this week wondered if that will be enough to keep the distressed company … Continue reading

Posted in Truck Driver Industry | Tagged , Central States, , distressed company, , , pension, southwest areas, , , , union, , , | Leave a comment

Trucker YRC pledges real estate to pension fund

NEW YORK — Trucking company YRC Worldwide Inc. on Thursday said it will pledge as collateral some real estate to a multi-employer pension plan in lieu of a planned $83 million second-quarter payment, as part of an ongoing effort to … Continue reading

Posted in Truck Driver Industry | Tagged Central States, , , , , pension, revolving credit facility, southwest areas, , , , , Wall Street, , | Leave a comment

YRC accelerates closing of facilities as part of integrating Yellow, Roadway

YRC Worldwide Inc. plans to close more facilities this month as it speeds up cost-cutting measures. The Overland Park-based trucking giant (Nasdaq: YRCW) said Tuesday that it expects to pare its Yellow and Roadway networks, integrated earlier this year to … Continue reading

Posted in Truck Driver Industry | Tagged end, estes express lines, Inc, Kansas City, , Kansas City Business Journal, Lee Klaskow, , , , , , | Leave a comment

YRC Worldwide sells HQ to load up more cash

YRC Worldwide Inc.’s headquarters has joined the assets the trucking titan has been shipping off to raise cash. But it didn’t go far. A group of local investors led by Ken Block and Steve Block, principals of Kansas City real … Continue reading

Posted in Truck Driver Industry | Tagged Block & Co. Inc, , , Kansas City Business Journal, Kansas City Metropolitan Area, Ken Block, , Overland Park headquarters, , , Steve Block, , , | Leave a comment

Creditors Keep US Truckers Moving Despite Capacity Glut

By Bob Sechler, Of DOW JONES NEWSWIRES Lenders to the U.S. trucking sector are hesitating to pull the plug on struggling freight carriers, a trend that may exacerbate the industry’s steep downturn. The volume of freight hauled by truckers has … Continue reading

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YRC Worldwide plunges as debt fears re-emerge

Shares of one of the nation’s largest trucking companies, YRC Worldwide Inc., sank Wednesday as investors continued to worry that it might not meet its credit requirements this quarter. Overland Park, Kansas-based YRC said in a filing with the Securities … Continue reading

Posted in Truck Driver Industry | Tagged David Ross, , , , | Leave a comment