By Lorenzo De Plano: On May 3, YRC Worldwide , Inc . ( YRCW ) surprised markets when it reported financial ..... income in over six years. Over the recent years YRC Worldwide , Inc . has undergone two corporate restructurings taken
Shares of YRC Worldwide ( YRCW +7.3% ) trade higher to follow up on yesterday's rally. Much of the action on YRCW has been dominated by its bid to buy Arkansas Best, seen by analysts as either a Hail Mary or growth driver depending upon who you ask. Post your comment!
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
BB&T upgrades YRC Worldwide ( YRCW ) to Hold from Underweight. Shares rose a monumental 41% Friday after the company said Q1 operating income was positive for the
domestic less-than-truckload, or LTL, carrier after YRC Worldwide YRCW and FedEx Freight FDX. The $40 billion LTL industry ..... rate cuts and share gains from struggling competitor YRC Worldwide set the stage for an unexpected spike in tonnage once
be considered an admirable feat, especially considering the fate of one of the largest competitors for ABFS. YRC Worldwide ( YRCW ) narrowly avoided bankruptcy at the peak of the recession, but in doing so essentially wiped out common equity
By Jonathan Verenger: It has been six weeks since I last wrote about YRC Worldwide ( YRCW ) and I have had some requests to update people on my stance on the stock and the company. In the past six weeks YRCW has been
employees are party to collective bargaining agreements (most less-than-truckload carriers are union free, excepting YRC Worldwide and UPS Freight). This factor magnifies the effect of lost operating leverage during periods of soft tonnage, particularly
YRC Worldwide ( YRCW +24.1% ) pop after the markets digests a number of steps the company took last week to consolidate its networks and potentially lay off workers. Post your comment!