CEO Hawkins Says Yellow Well-Positioned as Economy Improves
With hundreds of new tractors and trailers already purchased and more on the way, the company formerly known as YRC Worldwide is poised to be highly competitive in the LTL freight sector, according to its CEO.
YRC Becomes Yellow, Announces Q4 Earnings and Continues Rebuilding Its Fleet
The recently rebranded Yellow Corp. — formerly YRC Worldwide — narrowed annual losses by nearly half even as fourth-quarter losses widened, and said it is bolstering operations through property divestitures and investments in new equipment.
YRC Posts Narrowed Q3 Loss, Will Change Corporate Name to Yellow
YRC Worldwide Inc. narrowed its losses during the third quarter, announced plans to change its name to Yellow and expanded its board of directors.
YRC Posts Q2 Declines
Losses at YRC Worldwide Inc. widened in the second quarter amid the economic fallout of the COVID-19 pandemic, but the company said federal loans it received under coronavirus relief efforts will help position it to emerge healthier from the downturn.
YRC Secures Funding Agreements With Lenders, Government
Less-than-truckload carrier YRC Worldwide Inc. has reached an agreement with its lenders that will extend until 2024 the terms of $580 million in loans it is using to help improve its business operations.
YRC Worldwide Posts Q1 Profit on Reduced Revenue
YRC Worldwide Inc. swung to a profit in the first quarter, but revenue dipped and the less-than-truckload carrier warned that after gaining a waiver this year, it might not be able to stay in compliance with one of its loan covenants a year from now.
YRC Swings to a Loss for Q4 and 2019
YRC Worldwide Inc. posted losses for both the fourth quarter and the year as it was weighed down by the United Auto Workers strike against General Motors Co., facilities closings and weakening freight traffic in its core Midwest market.
YRC Reports $16 Million Loss in Q3
YRC Worldwide reported a net loss of $16 million or negative 48 cents per share, compared with a $2.9 million profit, or 2.9 cents per share in the same period a year ago.
YRC’s Darren Hawkins Questions Tolling’s Viability at House Hearing
WASHINGTON — As policymakers evaluate viable long-term approaches to fund the country’s transportation network, a trucking industry executive warned against relying on tolling.
New Penn Consolidates Administration in YRC Worldwide’s Kansas HQ
New Penn Motor Express said it will close its administrative office at its Lebanon, Pa., headquarters and consolidate it with the YRC Worldwide field resource center in Overland Park, Kan.
July 11, 2019