YRC Says 3Q Tonnage Up; Expects Operating Loss
YRC Worldwide said Monday its third-quarter tonnage was up from a year ago and its revenue per shipment also improved, though it forecast an operating loss for the quarter.
October 18, 2010Union Agrees to More Pay Cuts to Save YRC $350 Million a Year
YRC Worldwide Inc. and the Teamsters last week agreed on a third round of financial concessions that the less-than-truckload carrier said would save it $350 million annually.
October 4, 2010YRC Chief Zollars to Retire After Recovery Plan Is Done
William Zollars, the chief executive officer who built YRC Worldwide Inc. into a $10 billion freight company and then navigated the company through large losses during the recession, said last week that he will retire when the company’s comprehensive recovery plan is completed.
October 4, 2010YRC Changes Ticker Symbol for Month
YRC Worldwide said Friday its ticker symbol has temporarily changed to ”YRCWD,” from “YRCW,” a standard practice in conjunction with its reverse stock split.
October 1, 2010YRC, Teamsters Leadership Approve Labor Agreement
YRC Worldwide’s board and the Teamsters union’s leadership have each approved an agreement extending current pay cuts through 2015 and delaying YRC’s resumption of pension contributions until June.
September 30, 2010YRC’s William Zollars to Retire
YRC Worldwide Chairman and CEO William Zollars will retire following completion of the company’s comprehensive recovery plan, the less-than-truckload carrier said.
September 28, 2010YRC Announces Tentative Agreement with Teamsters Union
YRC Worldwide said it has reached a tentative agreement with the Teamsters union to address “competitiveness issues, re-entry into multi-employer pension funds and progress toward [the company’s] long-term growth.”
September 27, 2010YRC Plans Appeal to Avoid Nasdaq Delisting
YRC Worldwide plans to ask the Nasdaq stock market for additional time to avoid having its shares delisted, the Kansas City Business Journal reported.
September 8, 2010YRC Logistics Rebranded as MIQ Logistics
YRC Worldwide’s logistics unit, which the carrier sold to a private equity firm, has been rebranded MIQ Logistics, and the new entity Wednesday named Joey Carnes its chairman and chief executive officer.
August 18, 2010YRC’s 2Q Loss Narrows as Carrier Reports Operating Profit
YRC Worldwide said Tuesday its second-quarter loss narrowed as it reported positive operating income for the three-month period.
August 3, 2010