to have improved. Tonnage per day increased 11.5% in January, as the firm probably won some business from competitor YRC Worldwide , given the uncertainty surrounding YRC's union negotiations. Management expects 10%-11% improvement for the first
(Reuters) - Trucking company YRC Worldwide Inc and the Teamsters union reached a tentative deal for a new labor contract that sets the stage for the struggling company to push ahead with a...
(Reuters) - Shares of YRC Worldwide Inc rebounded as much as 24 percent after the struggling trucker said it was in talks with union leaders to revise a vital labor contract.
(Reuters) - Workers at trucking company YRC Worldwide Inc represented by the Teamsters union rejected a contract extension that the company proposed, putting a plan to restructure its debt in...
(Reuters) - Shares of struggling trucker YRC Worldwide Inc fell as much as 24 percent on fears that the Teamsters union will reject the contract extension of about 26,000 workers, jeopardizing the...
(Reuters) - Struggling trucker YRC Worldwide Inc said it expected annual savings of up to $100 million if union members vote to extend the employment of about 26,000 workers until March 2019.
(Reuters) - Shares of YRC Worldwide Inc lost a quarter of their value, as the trucking company struggled with the implementation of operational changes designed to help reduce its large debt.
(Reuters) - Trucking company YRC Worldwide Inc is considering refinancing its debt for the second time in two years after reporting a far larger-than-expected quarterly loss.
Earlier today, Arkansas Best ABFS disclosed that in March, rival less-than-truckload carrier YRC Worldwide YRCW had approached it and "expressed interest in exploring an acquisition" of its core less-than-truckload division, ABF Freight
profitability in recent quarters stemming from its unusually high labor costs. Recall that among the firm's peers, only YRC Worldwide YRCW and UPS Freight UPS are unionized. This factor magnifies the effect of lost operating leverage during periods of