YRC Worldwide’s Teamsters employees will decide whether to extend wage concessions until March 2019, helping the trucking giant to refinance its debt and avoid bankruptcy.
YRC Worldwide Companies YRC Freight, Holland, Reddaway and New Penn Receive U.S. EPA SmartWay Excellence Award
03 Dec 2013
YRC Worldwide is turning to Wall Street for help reducing its massive debt as it works to achieve new long-term agreements with its Teamsters and lenders.
26 Nov 2013
Teamster leaders will meet next week to review a contract proposal from YRC Worldwide and decide whether to submit it to the membership for a vote.
25 Nov 2013
A reorganization designed to reduce freight handling, speed shipments and save YRC Freight millions of dollars did just the opposite this summer. Instead, manpower shortages led to higher costs and delayed shipments, driving customers away from the long-haul less-than-truckload carrier and turning a third quarter 2012 operating profit into a $9.7 million loss a year later.
12 Nov 2013
YRC Worldwide fell back into the red in the third quarter after a poorly executed network reorganization hurt service.
07 Nov 2013
YRC Worldwide has asked its International Brotherhood of Teamsters employees to engage in formal negotiations for a contract extension...
05 Nov 2013
YRC Worldwide is asking its Teamster employees to extend their current wage concessions beyond 2015 to help secure restructured financing from its lenders.
29 Oct 2013
Fresh from a network restructuring and leadership changes, YRC Worldwide will sit down with the Teamsters next month to discuss the LTL operator's future, including its debt obligations.
13 Sep 2013
A federal court in late August left ABF Freight System with a clear choice: the less-than-truckload carrier could drop its struggle to wring $750 million in damages from the Teamsters union and YRC Worldwide, or try to appeal again after having its lawsuit challenging three rounds of union concessions at its competitor dismissed three times in as many years.
04 Sep 2013
ABF Freight System’s $750 million lawsuit against the International Brotherhood of Teamsters and YRC Worldwide has again been rejected by a federal court.
14 Aug 2013
YRC Worldwide's stock has been on a wild ride the past few months, but the trucking operator is steadily narrowing losses and striving to make long-term improvements in LTL operations.
07 Aug 2013
YRC Worldwide today reported a net loss of $15.1 million in the second quarter of 2013, compared with a net loss of $22.6 million in the second quarter of 2012.