Carlyle Group Discloses YRC Investment
Carlyle Group Inc. said it has invested $55.2 million in connection with YRC Worldwide Inc.’s recently announced agreement to reduce its debt load.
December 31, 2013YRC Reaches Agreement to Reduce Debt by $300 Mln.
YRC Worldwide Inc. has reached an agreement with some of its creditors to reduce its debt by about $300 million, a move the carrier said is a key to obtaining new concessions from the Teamsters union.
December 24, 2013YRC Teamsters to Vote on 5-Year Contract Extension
The Teamsters union’s local leaders voted to allow rank-and-file members at less-than-truckload carrier YRC Worldwide Inc. to decide whether to extend their current labor agreement by four years from its scheduled expiration, through 2019.
December 9, 2013Teamsters Leaders Due to Review YRC Bid to Extend Contract to Assist Refinancing
The Teamsters union’s local leadership is scheduled to meet this week to review YRC Worldwide’s proposal for a contract extension the company needs in order to secure long-term refinancing of $1.4 billion in debt, the company said last week.
December 2, 2013Teamsters Leaders to Review YRC Plan
The Teamsters local leadership will meet Dec. 6 to review YRC Worldwide’s proposal for a contract extension needed to obtain long-term refinancing of $1.4 billion in debt, the company said last week.
November 27, 2013YRC Reports $44 Mln. Loss, Awaits Word on Labor Talks
YRC Worldwide Inc. last week reported a $44.4 million loss in the third quarter as the less-than-truckload carrier awaited word on a request for formal labor talks aimed at cementing future cost cuts.
November 18, 2013YRC Reports $44.4 Million Loss
YRC Worldwide Inc. reported a $44.4 million loss, or $4.45 per share, in the third quarter, compared with net income of $3 million, or 40 cents per share, in the year-earlier period.
November 12, 2013YRC Seeks New Labor Contract Until 2019
YRC Worldwide Inc. has told the Teamsters union it needs a new contract agreement into 2019 in order to have lenders refinance debt that begins to come due next year.
November 8, 2013YRC Freight’s Rogers Leaves Company
YRC Worldwide Inc. said Sept. 20 that Jeff Rogers, who was president of YRC Freight, has left the company and that his duties will be assumed by YRC Worldwide CEO James Welch.
September 23, 2013YRC Worldwide Narrows 2nd-Qtr. Loss, Despite Decline in Operating Income
YRC Worldwide Inc. said it narrowed its second-quarter net loss but that its operating income slipped from the same period a year ago as the company completed streamlining its national less-than-truckload network.
August 12, 2013