yrc News Updates

Business

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, 2010
Business

Union 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, 2010
Business

YRC 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鈥檚 comprehensive recovery plan is completed.

October 4, 2010
Business

YRC Changes Ticker Symbol for Month

YRC Worldwide said Friday its ticker symbol has temporarily changed to 鈥漎RCWD,鈥 from 鈥淵RCW,鈥 a standard practice in conjunction with its reverse stock split.

October 1, 2010
Business

YRC, Teamsters Leadership Approve Labor Agreement

YRC Worldwide鈥檚 board and the Teamsters union鈥檚 leadership have each approved an agreement extending current pay cuts through 2015 and delaying YRC鈥檚 resumption of pension contributions until June.

September 30, 2010
Business

YRC鈥檚 William Zollars to Retire

YRC Worldwide Chairman and CEO William Zollars will retire following completion of the company鈥檚 comprehensive recovery plan, the less-than-truckload carrier said.

September 28, 2010
Business

YRC Announces Tentative Agreement with Teamsters Union

YRC Worldwide said it has reached a tentative agreement with the Teamsters union to address 鈥渃ompetitiveness issues, re-entry into multi-employer pension funds and progress toward [the company鈥檚] long-term growth.鈥

September 27, 2010
Business

YRC 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, 2010
Business

YRC Logistics Rebranded as MIQ Logistics

YRC Worldwide鈥檚 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, 2010
Business

YRC鈥檚 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