Selasa, 26 Juli 2011


The following is a statement from Teamsters General President Jim Hoffa on YRCW’s new CEO and board of directors:“The Teamsters Union is pleased to welcome James L. Welch to the position of CEO of YRC Worldwide Inc. and new board members Harry J. Wilson and Doug Carty. On behalf of our members, we insisted on playing a key role in the decisions regarding the selection of new management and the

Minggu, 24 Juli 2011

Welch confirmed as YRC's next CEO

LTL trucker completes restructuring, posts Q2 results as Zollars retiresIn one of the most significant days in its history, less-than-truckload carrier YRC Worldwide Inc. today named a new CEO and eight-member board of directors, formally announced the retirement of the executive who has run the company since 1999, completed a financial restructuring critical to its ongoing success, and released


Transaction Boosts Company's Liquidity, Provides Path To RecoveryThe plan to restructure YRC Worldwide Inc. aimed at saving more than 25,000 Teamster freight jobs has been successfully completed, Teamsters General President Jim Hoffa announced today.“The completion of the restructuring is a significant accomplishment in our efforts to preserve good jobs,” Hoffa said. “Make no mistake, this

YRC to wrap up $500 million restructuring, name new CEO

Trucking giant YRC Worldwide Inc. is set for an extreme corporate makeover today.The Overland Park-based company will report its second-quarter results this morning, is to complete a $500 million restructuring later in the day and is expected to cap off its news by naming a new chief executive officer.The leading candidate is James L. Welch, according to sources with knowledge of the company’s

Rabu, 20 Juli 2011

YRC Worldwide Schedules Second Quarter Conference Call

YRC Worldwide Inc. (NASDAQ: YRCW) will hold a conference call for the investment community on Friday, July 22, 2011, beginning at 9:30am ET, 8:30am CT. Second quarter earnings will be released the same day, Friday, July 22, 2011, prior to the opening of the market. The call will be available to listeners live and by recorded playback via the YRC Worldwide Internet site

YRCW is latest carrier to roll out a 2011 rate increase

Less-than-truckload transportation services provider YRC Worldwide is the most recent market player to announce a 2011 general rate increase.The company yesterday rolled out an average GRI of 6.9 percent which will cover non-contractual shipments in the United States, Canada, and Mexico, with increases varying by lane and shipment type, according to company officials.And YRCW added that these

Senin, 18 Juli 2011


Statement from Tyson Johnson, Co-Chairman, TINFINCOn July 6, 2011, the U.S. Court of Appeals for the 8th Circuit in St. Louis, MO issued its decision on the appeal filed by ABF in its lawsuit against the union and the YRCW companies, regarding the financial relief that was given to the YRCW companies to help them survive the worst economic recession since the Great Depression. As you may recall,

Minggu, 17 Juli 2011

CIO Magazine Lists ABF Among Its 2011 Information Technology Innovators

ABF has been named a recipient of a 2011 CIO 100 award. In announcing the winners in its 24th annual program, CIO magazine said the organizations chosen "exemplify the highest level of operation and strategic excellence in information technology (IT) and use IT in innovative ways to create business value."ABF earned a spot on the distinguished listing for its use of IT in leveraging supply chain

YRC Worldwide Projects Second Half Operating Profit

Troubled trucking giant forecasts operating profit forsecond half, post restructuringYRC Worldwide expects its revenue to rise about $600 million this year to $4.9 billion and to report an operating profit of $4.2 million in the second half.The company didn’t say how it would turn a projected $69.1 million operating loss in the first half into an operating profit, but it has high hopes for the

Kamis, 14 Juli 2011

YRC Worldwide Sends 41 Drivers to the 2011 National Truck Driving Championships

YRC Worldwide Inc. announced today that 41 of its professional drivers will compete at the 2011 National Truck Driving Championships (NTDC) to be held Aug. 9 – 13 at the Orange County Convention Center in Orlando, Fla. The YRC Worldwide team includes 33 drivers from YRC, five from Holland and three from Reddaway."Reaching the NTDC is like making it to the Super Bowl," says Mike Smid,

Senin, 11 Juli 2011

Teamsters, YRCW Approve Key Component in Restructuring Plan

Asset-Based Lending Facility Important Element in Maintaining Operational LiquidityTeamsters General President Hoffa and The Teamsters National Freight Industry Negotiating Committee are pleased to announce further positive momentum in the restructuring plan to protect 25,000 Teamster freight jobs at YRC Worldwide, Inc.TNFINC, along with lenders and YRCW, has approved final terms for an

YRC Worldwide Obtains Commitments for $400 Million Asset-Based Loan Facility

Significant milestone reached as company moves toward closing its financial restructuring planYRC Worldwide Inc. announced today it has obtained commitments for a three-year, $400 million asset-based loan (ABL) facility that will replace the company's existing asset-backed securitization (ABS) facility. Commitments for the ABL facility comply with the agreements reached April 29, 2011, with key

Sabtu, 09 Juli 2011

Christopher C. Wren Named Senior Vice President and Treasurer of YRC Worldwide

YRC Worldwide Inc. today announced that Christopher C. Wren has been named senior vice president and treasurer for the corporation. Most recently, Wren served as president of the consulting firm Power I.T., LLC. Previously, he was vice president of corporate development for H&R Block; vice president of product development for Positive Networks, Inc.; and served in a variety of roles with

Freight firms in price hike

Two US freight firms have said they will increase prices over the next month and analysts expect others to follow. In two very similarly worded announcements, UPS Freight, the fourth largest less-than-truckload (LTL) carrier in the US, and ABF Freight announced they planned to hike rates by 6.9%. UPS said its rate adjustment for non-contractual shipments would take place on 1 August and would

Rabu, 06 Juli 2011


Teamsters General President Vows To Fight Plan That Threatens Jobs, Highway Safety And Border SecurityTeamsters General President Jim Hoffa today castigated the U.S. Department of Transportation for agreeing to open the border to long-haul Mexican trucks. Opening the border endangers America’s highway safety, border security and warehouse and trucking jobs.Hoffa said the program is probably

ABF Wins Appeal Against Teamsters, YRC and TMI

Today, the United States Court of Appeals for the Eighth Circuit (St. Louis) reversed and remanded a lower court's previous dismissal of ABF's lawsuit against the International Brotherhood of Teamsters, YRC, Inc., Trucking Management, Inc. and other related entities. ABF is very pleased with this decision and looks forward to further proceedings on its lawsuit seeking to level the playing field

ABF wins appeal; case returns to federal court

The Eighth Circuit Court of Appeals ruled Wednesday (July 6) in favor of Arkansas Best Corp., which returns the company’s lawsuit against YRC and the Teamsters back to a federal district court in Little Rock.On Nov. 1, Arkansas Best Corp. — the parent company of ABF Freight System — filed a lawsuit seeking the $750 million in financial damages from alleged violations of a National Master Freight

Court overturns decision denying ABF’s challenge to YRC concessions

A federal appeals court has overturned a lower court’s ruling that ABF Freight System Inc. lacked the ability to challenge a series of wage and benefit concessions reached in 2009 and 2010 between YRC Worldwide Inc. and the International Brotherhood of Teamsters.The 8th U.S. Circuit Court of Appeals in St. Louis ruled on Wednesday that the case be returned to the Arkansas court for further