Tag Archives: YRC

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 →

Posted in Truck Driver Industry | Tagged , Jim Hoffa, , , Tyson Johnson, union, , , , , , | Leave a comment

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 →

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

Posted on June 19, 2009 by

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

Posted on June 18, 2009 by

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

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 →

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

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 →

Posted in Truck Driver Industry | Tagged Jim Hoffa, Union of South American Nations, , , | Leave a comment

YRC settles for $1.3 million in ’07 Pontoon Beach negligence suit

Posted on June 1, 2009 by

The number of defendants in a 2007 negligence suit that has spawned counterclaims and a wrongful death action has dropped as one settled with both plaintiffs Monday. Logistics company, YRC, will pay $1 million to Cynthia Martin, the wife of … Continue reading →

Posted in Truck Driver Industry | Tagged Cynthia Martin, David Groves, Groves, Jose Velazquez, , , Martin, Pontoon Beach, Russell Martin, Werner Enterprises Inc., | Leave a comment

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 →

Posted in Truck Driver Industry | Tagged , , Bob Costello, , , , , , , , | 2 Comments