Tag Archives: YRC Worldwide

YRC workers likely to accept concessions

Posted on July 21, 2009 by

The vote may be close, but YRC Worldwide Inc. drivers and dockworkers probably will accept the concessions they’re being asked to take. That’s the general assessment of analysts and industry observers following last week’s tentative agreement between YRC and the … Continue reading →

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YRC Worldwide, Teamsters reach tentative agreement

Posted on July 10, 2009 by

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

Posted on June 24, 2009 by

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 →

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

Posted on June 16, 2009 by

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 →

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Teamsters Oppose U.S. Trucking Regulator Nominee Anne Ferro

Posted on June 6, 2009 by

The Teamsters union told President Barack Obama it opposes his nominee to be the top U.S. trucking regulator because of her support for a rule that allows truckers to drive for up to 11 consecutive hours. Anne Ferro is the … Continue reading →

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Teamsters union may modify agreement with YRC

Posted on June 5, 2009 by

The International Brotherhood of Teamsters union said on Friday it was forming a committee to determine whether it should modify its national freight labor agreement to help trucking firm YRC Worldwide Inc (YRCW.O) weather the current industry downturn. The move … Continue reading →

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YRC Worldwide sells HQ to load up more cash

Posted on May 29, 2009 by

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

Posted on May 28, 2009 by

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 shares fall; Baird keeps ‘Neutral’

Posted on May 18, 2009 by

Shares of trucking company YRC Worldwide Inc. fell in Monday afternoon trading, while most other trucking companies, and the broader market, headed higher. YRC lost 11 cents, or 3.7 percent, at $2.86. Robert W. Baird & Co. analyst Jon Langenfeld … Continue reading →

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YRC Worldwide Finalizes Bank Amendment

Posted on May 15, 2009 by

YRC Worldwide Inc. (Nasdaq: YRCW) today announced that it has finalized an amendment with the company’s lenders of its credit facilities that eliminates the second quarter earnings before interest, taxes, depreciation and amortization (“EBITDA”) covenant. The company’s other financial covenants, … Continue reading →

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