Sabtu, 20 Oktober 2012

Teamsters Applaud Signing Of Military Commercial Drivers' License Act

Teamsters across the country are applauding President Barack Obama's signing into law today of the Military Commercial Drivers' License Act of 2012. The demand for qualified, safe truck drivers has risen over the past few years and the new law will make it easier for veterans and service men and women to obtain Commercial Drivers' Licenses, making them more employable once they leave

ABF Freight System, International Brotherhood of Teamsters to Begin Negotiations for Next Collective Bargaining Agreement

ABF Freight System, Inc., one of the nation’s largest less-than-truckload freight carriers, and the Teamsters National Freight Industry Negotiating Committee (TNFINC) announced on Wednesday that they expect to begin negotiations on a new collective bargaining agreement on December 18, 2012.

TNFINC is the negotiating arm of the International Brotherhood of Teamsters. ABF is the largest

Herschel Evans Receives 2012 Destination Green Environmental Excellence Award

Holland professional driver Herschel Evans was recently honored with a 2012 Destination Green Environmental Excellence Award for his efforts towards environmental sustainability. The award recognizes employees of YRC Worldwide companies who exhibit environmental leadership in a variety of areas, including efficient use of energy, emissions reductions, customer and vendor environmental

YRC Freight Announces 2012 Driver Hall of Fame Winners

YRC Freight, a subsidiary of YRC Worldwide Inc., announced nine inductees into the 2012 Driver Hall of Fame as part of National Truck Driver Appreciation Week.

YRC Freight honors the following professional drivers who have collectively driven over 25 million accident-free miles:

Donald Cook — Linehaul Driver, Allentown, PA
Jerry Cudmore — Retired City Driver, Sioux Falls, SD
David McDonald

YRC Worldwide Companies Honored with the ATA Mike Russell 'Good Stuff' Trucking Image Award

The American Trucking Associations has awarded YRC Worldwide Inc., YRC Freight, Holland, Reddaway and New Penn with the sixth annual Mike Russell "Good Stuff" Trucking Image Award.  The Award honors companies that creatively generate positive awareness of the trucking industry.  The YRC Worldwide companies were recognized for their driver recognition initiatives, sustainability programs and

Minggu, 26 Agustus 2012

ABF to deal direct with Teamsters on new contract

ABF Freight System has notified the Teamsters that it will not negotiate a new labor contract under a National Master Freight Agreement (NMFA) that has been the template for many unionized trucking sector employees since April 2008.

ABF, a subsidiary of Fort Smith-based Arkansas Best Corp., employs around 10,000, with roughly 7,600 of those falling under a collective bargaining unit

NC Governor takes on misclassification

Good news from North Carolina! Gov. Bev Perdue ordered a task force yesterday to investigate the misclassification of workers (can you say FedEx Ground?).

According to a press release from the governor's office, the task force will "identify effective mechanisms to combat unlawful practices like employee misclassification that harm workers". It will:

...strive to: (a) protect the health,

Jumat, 17 Agustus 2012

ABF Drivers Sutton and Camarda Earn Recognition at National Driving Championships

ABF drivers Robert Sutton and Rick Camarda earned recognition at the 75th National Truck Driving Championships in Minneapolis, Minn., August 7-11, 2012. Sutton won National Rookie of the Year, while Camarda placed second in the five-axle class.

Professional drivers earn the right to compete in the National Championships by winning state driving championships and by maintaining accident-free

Rabu, 15 Agustus 2012

CSA Doesn’t Accurately Reflect Safety, Fleets Tell FMCSA in New Comments

Several trucking fleets said that the government’s safety scoring methodology does not accurately assess safety performance.

In comments to the Federal Motor Carrier Safety Administration, YRC Worldwide Inc. said that its concerns about the Compliance, Safety, Accountability program are amplified by the fact shippers are increasingly relying on the system.

“The impact of the [CSA] safety

Minggu, 12 Agustus 2012

YRC Freight Professional Driver Scott Stroup Named 4-axle Champion At The 2012 National Truck Driving Championships

Kevin Miskiewicz Places Third In Same Class

YRC Freight, a subsidiary of YRC Worldwide Inc. is proud to announce that professional driver Scott Stroup of Omaha, NE has been named 4-axle champion at the 2012 National Truck Driving Championships (NTDC).

Kevin Miskiewicz of Landsdale, PA placed third in the same class. Stroup and Miskiewicz competed with 425 other professional drivers from

Jumat, 10 Agustus 2012

Holland Sends Three Professional Drivers to National Truck Driving Championships

Three professional drivers will represent Holland at the 2012 National Truck Driving Championships (NTDC) in Minneapolis, Minn., August 7-11.

To qualify for the national competition, drivers must place first in their respective class at state contests and maintain accident-free safety records the preceding year. This year three Holland drivers earned state titles to advance to the national

New Penn Sends Two Professional Drivers to National Truck Driving Championships

Two professional drivers will represent New Penn at the 2012 National Truck Driving Championships (NTDC) in Minneapolis, Minn., August 7-11.

To qualify for the national competition, drivers must place first in their respective class at state contests and maintain accident-free safety records the preceding year. This year two New Penn drivers earned state titles to advance to the national

Senin, 06 Agustus 2012

YRC reports positive income from operations

Trucking company YRC Worldwide Inc. reported it lost $22.6 million, or $3.21 a share, for its second quarter ending June 30, while its top executive said the firm was performing slightly better than predicted.

The loss reported Friday is an improvement from a year ago, when the Overland Park, Kan.-based company with operations in Summit County lost $43 million, or $267.33 a share, for the

Jumat, 03 Agustus 2012

YRC Worldwide Reports Positive Operating Income for Second Quarter

Continued Year-over-Year Operating Improvement and Margin Expansion

Best Second Quarter Liquidity since 2008

YRC Worldwide Inc. today reported financial results for the second quarter of 2012.

Consolidated operating revenue for the second quarter of 2012 was $1.251 billion, just 0.5% under 2011, and consolidated operating income was $15.5 million, which included a $6.5 million gain on

Kamis, 02 Agustus 2012

YRC Worldwide Agrees with Dismissal of ABF Freight System Lawsuit

YRC Worldwide Inc. agrees with the ruling on Wednesday, August 1, by Judge Susan Webber Wright of the U.S. District Court for the Western District of Arkansas to dismiss a lawsuit brought by ABF Freight System, Inc. against several parties, including YRC Inc., New Penn Motor Express, Inc., USF Holland, Inc. and the International Brotherhood of Teamsters, claiming that certain amendments to the

Rabu, 01 Agustus 2012

ABF Freight System, Inc. Disagrees With Federal District Court's Ruling

ABF Freight System, Inc., one of the nation's largest less-than-truckload carriers, on Wednesday said it disagrees with, and is disappointed by, today's District Court ruling dismissing its lawsuit against the International Brotherhood of Teamsters and other parties for violations of the National Master Freight Agreement.

On August 1, 2012, Judge Susan Webber Wright of the U.S. District Court

National Truck Driving Championship Competition To Include 24 ABF Drivers

Championship drivers from 18 states will represent ABF at the 75th National Truck Driving Championships in Minneapolis, Minn., August 7-11, 2012. Professional drivers earn the right to compete in the National Championships by winning state driving championships and by maintaining accident-free driving records for the preceding year.

Among the competitors representing ABF is two-time National

YRC Worldwide on the Upswing as Trucking Industry Posts Best Month of the Year

Amidst a global economic slowdown the Trucking Industry has experienced a slow, but steady recovery in 2012. Recent numbers releases by the American Trucking Associations showed that the industry saw their best month of the year in June.

The ATA's advance seasonally adjusted index of for-hire truck tonnage jumped 1.2 percent in June, the largest increase it has seen all year. The jump was

Selasa, 31 Juli 2012

ABF Announces Second Quarter 2012 Results

Arkansas Best Corporation today announced second quarter 2012 net income of $11.8 million, or $0.44 per share, on revenue of $511 million, compared with net income of $5.3 million, or $0.20 per share, and revenue of $499 million in the second quarter of 2011.

The second quarter 2012 results included a tax benefit of $8.0 million, or $0.31 per share, related to the reversal of previously

Holland Professional Driver Mike Tobolic Wins Michigan Truck Driving Championship

Professional driver Mike Tobolic placed first in the 5-axle class at the Michigan Truck Driving Championship. He will go on to compete in the 2012 National Truck Driving Championships in Minneapolis, August 7-11.

Tobolic has competed at state driving competitions since 2003, always in the 5-axle class. He also placed first in the Michigan competitions and qualified for nationals in 2004. A

Senin, 30 Juli 2012

YRC Freight winners to vie at national truck driving championships

YRC Freight, a subsidiary of YRC Worldwide Inc., announced that drivers Philip Garcia and Ron Vanbibber of Salt lake City won division titles at the recent Utah Truck Driving Championships.

Vanbibber was first in the tank truck class and won the title of Grand Champion.

Garcia placed first in the straight truck class.

They will go on to compete at the 2012 National Truck Driving

Holland salutes their state champions

To qualify for the National Truck Driving Championships, drivers must place first in their respective classes at the state competition.

The state and national competitions include driving skills and maneuvering tests, a pre-trip inspection, and a written examination covering vehicle operation and federal safety regulations.

To participate in the state competitions, drivers must be

Kamis, 26 Juli 2012

YRC Worldwide Mobile Handheld Devices to Optimize Delivery Efficiency and Service

YRC Worldwide Inc. today announced that it will be deploying the Intermec CN70e handheld mobile devices to more than 10,000 professional city drivers for YRC Freight, Reddaway and Holland beginning in October. 

Drivers will now be able to maximize productivity, enhance customer service, and optimize pickup and delivery operations. They will be able to more expediently enter shipment

ABF racing ready for the inaugural Indy 250

The No. 30 ABF Chevrolet Impala team will bring chassis TMS-331 to the inaugural Indy 250 at the famed Indianapolis Motor Speedway.

Long time Turner Motorsports partner ABF will again adorn the sides of the No. 30 Chevrolet Impala this weekend in Indianapolis. Established in 1923, ABF is best-in-class for safety, security, technology and freight-handling. InformationWeek, CIO, InfoWorld, and B

Selasa, 24 Juli 2012

UPS 2Q Earnings Per Share Up 7.5%

U.S. Domestic Profit Climbs 12%
Economic Uncertainty Dampens Expectations

UPS announced second quarter 2012 diluted earnings per share of $1.15, a 7.5% improvement over the 2011 adjusted results. U.S. Domestic operating profit expanded $122 million or 12% over the prior-year period. On a reported basis, diluted earnings per share increased 5.5% and U.S. Domestic operating profit rose 14%.


Selasa, 17 Juli 2012

S&P Initiates Coverage On YRC Worldwide $400 Million ABL Facility With A ’1′ Recovery Rating

YRC Worldwide Inc. today announced that Standard & Poor’s Ratings Services has initiated coverage on the company’s asset-backed loan facility (the ABL Facility). The ABL Facility received a recovery rating of ’1′, the second highest recovery rating available, and a facility rating of B-. The ABL Facility rating is two notches above the YRC Worldwide corporate credit rating, the highest

YRC Freight moving to smaller Toledo terminal

Transportation firm YRC Freight Inc. is moving from the former Roadway Express truck terminal at 6180 Hagman Rd. in Toledo to the former Yellow Transportation terminal at 4431 South Ave., the company said Monday. It has been trying to sell the Hagman Road terminal for about a year, although a price has not been disclosed.

YRC Freight, formed in 2003 through a merger of Yellow Transit and

ABF Driver Chuck Smetzer Repeats As Maryland Grand Champion

For the second consecutive year, ABF driver Chuck Smetzer has earned the title of Grand Champion in the Maryland Safe Truck Driving Championships, thus becoming Maryland's first repeat Grand Champion.

"Never in the 65-year history of Maryland's Safe Truck Driving Championships has a driver repeated as the Grand Champion, until now," said Craig Talbott, vice president of safety for the

Jumat, 13 Juli 2012

New Penn Professional Drivers Win State Driving Competitions in Rhode Island and Pennsylvania

Two New Penn professional drivers have won top honors for safe-driving skills in the states of Rhode Island and Pennsylvania. Marc Ditomasso placed first in the 4-axle class at the Rhode Island Truck Driving Championships. Rich Walton placed first in the 3-axle class at the Pennsylvania Truck Driving Championships.

Ditomasso and Walton will go on to compete in the 2012 National Truck Driving

Rabu, 11 Juli 2012

YRC Freight Announces 24 Professional Drivers Qualify For The National Truck Driving Championships

YRC Freight, a subsidiary of YRC Worldwide Inc, announced today that 24 of its professional drivers have qualified for the 2012 National Truck Driving Championships. The competition will be held August 7 – 11 at the Minneapolis Convention Center in Minneapolis, MN.

To qualify for the national championships, each driver placed first in his respective class -- one of nine categories -- at their

Minggu, 01 Juli 2012

UPS Freight Increases Rates By An Average 5.9%

Latest US LTL carrier to increase rates

UPS Freight, the fourth largest less-than-truckload carrier in the US, has announced a general rate increase averaging 5.9% covering non-contractual shipments in the US, Canada and Mexico. The rate adjustment takes effect on July 16, 2012, and applies to minimum charge, LTL rates and accessorial charges.

The move follows an announcement, made on 08

John Hodges with UPS Freight Named WV Grand Champion

Professional truck driver John Hodges was named Grand Champion of the West Virginia Trucking Association’s 57th Annual Truck Driving Championship, held Saturday, June 23 in Charleston, association representatives announced.

Hodges, a driver for UPS Freight, took the top honor after competing in variety of skill and safety tests.  This is the third time Hodges has won the Grand Champion Award,

YRC Freight Sets 6.9% Rate Increase

YRC Freight said it is raising its rates 6.9%, following recently announced rate hikes of the same amount by several less-than-truckload competitors.

The rate hike will cover non-contractual shipments in the United States, Canada and Mexico and will become effective July 9.

Domestic Canadian rates will not be adjusted, YRC said in a statement on its website.

FedEx Freight and Con-way

Holland Professional Driver David White Wins Division Title at Ohio Truck Driving Competition

Holland professional driver David White has won a division title, placing first in the tanker class, at the Ohio Truck Driving Championships. He will go on to compete in the 2012 National Truck Driving Championships in Minneapolis, Minn., in August.

White has worked in the transportation industry for 22 years, the last 12 years with Holland. He has 12 years of accident-free driving with

Rabu, 27 Juni 2012

Q&A with UPS Freight President Jack Holmes

Last week, LM Group News Editor Jeff Berman conducted an on-stage interview with Jack Holmes, president of UPS Freight, the less-than-truckload (LTL) subsidiary of UPS at the 10th annual eyefortransport 3PL Summit, which was held in Chicago. Holmes provided an in-depth look at the LTL sector and how LTL’s and shippers should—and could—work well together, among other topics.


Sabtu, 23 Juni 2012

YRC Worldwide Plans Tariff Rate Hikes

LTL carrier YRC Freight to raise rates 6.9 percent, YRCW CEO Welch says

YRC Freight plans to raise base rates 6.9 percent on average, matching rate increases announced by several competitors, YRC Worldwide CEO James Welch said Friday.

“Rates still aren’t where they need to be,” Welch said in an interview. “The industry as a whole needs to improve its returns so companies can recapitalize

Rabu, 20 Juni 2012

Holland Hiring Additional 450 Professional Drivers to Meet Growing Demand

Holland plans to hire an additional 450 qualified over-the-road and local city drivers throughout the Midwest in the next few months. Driver recruitment efforts are system-wide with a spotlight on the Evansville, South Bend, Ind.; Chicago and Wheeling, Ill.; as well as Cleveland and Youngstown, Ohio; Louisville, Ky.; and Milwaukee, Wis. areas.

Holland continues to experience increasing demand

U.S. freight levels decline for second month

For the second month in a row, U.S. freight levels slowed, declining 0.7 percent in May compared with April, according to new data from the American Trucking Associations.

The ATA’s seasonally adjusted index of for-hire truck tonnage fell 1.1 percent in April. The index now stands at 117.8, down from April’s 118.7. The year 2000 equals 100 on the index.

“Two straight months of contractions

Senin, 18 Juni 2012

YRC Freight Announces Increased Speed In More Than 24,000 Lanes Across Its North American LTL Network

YRC Freight, a subsidiary of YRC Worldwide Inc., recently implemented significant improvements to its North American LTL network, which now features faster service into and out of every major U.S. city.

With its new network optimization plan fully engaged, YRC Freight is now at least one day faster than before in hundreds of the most significant supply chain lanes in North America. These

Kamis, 14 Juni 2012


Transaction Expected to Significantly Enhance Arkansas Best’s End-To-End Solutions Offering 

Offers Asset-Light Platform for Growth in $700 Billion Transportation and Logistics Market

Arkansas Best Corporation, a leading provider of freight transportation and logistics solutions, today announced it has entered into a definitive agreement to acquire Panther Expedited Services, Inc. (“Panther”

Rabu, 06 Juni 2012

Holland Receives Eastman 2011 Supplier Excellence Award

Eastman Chemical Company has awarded Holland its 2011 Supplier Excellence Award, an element of its Eastman Supplier Excellence Program (ESEP). This marks the sixth consecutive year that Holland has received this award.

In order to determine award recipients, Eastman evaluates its transportation service providers along a number of criteria, including but not limited to: on-time percentages,

Kamis, 31 Mei 2012

Holland Professional Driver Herschel Evans Named 2012 Georgia Driver of the Year and 5-Axle Champion at Georgia Truck Driving Championships

Holland professional driver Herschel Evans was honored as the 2012 Georgia Driver of the Year at the Georgia Truck Driving Championships held May 11-12. Evans also placed first in the 5-axle class at the annual driving competition sponsored by the Georgia Motor Trucking Association (GMTA).

The GMTA's Safety Management Council named Evans its 2012 Driver of the Year for his exemplary record of

Jumat, 25 Mei 2012

ABF Racing Team Heads to Charlotte

When the No. 30 Chevrolet Impala arrives at Charlotte Motor Speedway this weekend, the car and crew will be wearing ABF green and yellow. Once again, the No. 30 ABF Chevy will be driven by James Buescher.

“Charlotte is a huge race for all the race teams.  With almost all the teams within a 20-mile radius of the track, this is considered everyone’s home track. The crew members bring their

Rabu, 23 Mei 2012

YRC Worldwide Names Scott D. Ware as President of Holland

 YRC Worldwide Inc. has named Scott D. Ware as president of its Holland subsidiary, a leading provider of next-day regional less-than-truckload services. Ware, 51, has 27 years of industry experience and most recently served as vice president of Operations at Holland where he was responsible for the management and execution of major operational initiatives focused on specific performance

Selasa, 22 Mei 2012

U.S. trucking sector remains ‘sluggish’

In a word, the U.S. freight environment is “sluggish” — not a good word for a sector considered a leading economic indicator.

The American Trucking Associations’ reported Tuesday (May 22) that its seasonally adjusted Truck Tonnage Index fell 1.1% in April after increasing 0.6% in March. The latest drop put the index at 118.7 (2000=100), down from March’s level of 120.

Year-to-date, compared

U.S. freight levels hit reverse in April

U.S. freight levels hit the brakes in April, declining 1.1 percent compared with the previous month, according to new data from the American Trucking Associations.

The ATA increased its seasonally adjusted numbers for March, saying levels actually increased 0.6 percent, compared with the previously disclosed 0.2 percent increase.

The ATA’s index of for-hire truck tonnage now stands at 118.7,

Rabu, 16 Mei 2012

YRC Freight named "2011 National Carrier of the Year" by

Company wins award for second consecutive year; Underscores consistency and reliability of service

YRC Freight, the North American less-than-truckload carrier of holding company YRC Worldwide Inc , is proud to announce its selection as the 2011 National Carrier of the Year by, a leading third-party logistics company. This marks the second consecutive year YRC Freight has

Selasa, 15 Mei 2012

Holland Named 2011 Central LTL Carrier of the Year by GlobalTranz

Holland has received the 2011 Central LTL Carrier of the Year honors from GlobalTranz, a leading logistics management firm specializing in carrier, supply chain and warehouse management.

The GlobalTranz award program recognizes suppliers for exceptional performance and quality. To determine award recipients, GlobalTranz agents and representatives rated carriers on six key criteria: on-time

YRC Freight Announces Driver Hiring Initiative

Company plans to fill 200 positions; Benefits include union contract pay rates and full paid health care

YRC Freight, a subsidiary of YRC Worldwide Inc. has announced immediate plans to hire 200 qualified over-the-road drivers in cities across the U.S., primarily in Maybrook, NY; Buffalo, NY; St. Paul, MN; Chicago, Il; Salt Lake City, UT; Akron, OH; Cleveland, OH; Cincinnati, OH; North

Jumat, 11 Mei 2012

YRC Worldwide Named to 2012 FORTUNE 500 List

YRC Worldwide Inc. today announced it has been named to the FORTUNE 500 list of the largest U.S.-based companies. YRCW was ranked 487 overall.

"We are in good company, as many of the organizations on this list are among our more than 200,000 customers that depend on our LTL service as a critical part of their supply chains," said James Welch, chief executive officer of YRC Worldwide. "We

Jumat, 04 Mei 2012

ABF Service Centers Recognized as 'Best of the Best' with President's Quality Awards

ABF service centers in Kansas City, Mo., Seattle, Wash., Ogden, Utah, and St. Joseph, Mo., are being recognized with the prestigious President’s Quality Award from ABF President and CEO Roy Slagle. The award recognizes service centers most exemplifying the ABF Quality Process, which are considered the “Best of the Best.”

“The use of the five-step problem elimination process and the use of

YRC’s USF Holland president resigns for ‘other opportunities’

One of YRC Worldwide Inc.’s regional trucking companies is losing its leader.

In a Securities and Exchange Commission    filing Thursday, the Overland Park-based company disclosed that Michael Naatz, president of USF Holland, was resigning, effective May 4, “to pursue other opportunities.”

YRC did not provide additional information.

Naatz was made president of USF Holland last year. He

Kamis, 03 Mei 2012

YRC Worldwide Achieves Continued Year-over-Year First Quarter Operating Improvement

Results Build on Agreements with Lenders that Provide Years of Financial Flexibility

-- YRC Freight tons per day up 3.5%, revenue per hundredweight up 3.3%, operating revenue up 8.1%
-- Regional tons per day up 6.0%, revenue per hundredweight up 4.5%, operating revenue up 9.8%

YRC Worldwide Inc. today reported financial results for the first quarter of 2012.

Consolidated operating revenue

Rabu, 02 Mei 2012

Truck drivers teach safety in Bland County

Because Bland County is home to a major interstate, local drivers are used to weaving through traffic with tractor-trailers. But that doesn’t make it any easier.

If fact, most adults have not learned how to properly drive with trucks along the highway – a detail that has not escaped the American Trucking Association, which is teaching students nationwide how to stay safe around big rigs.


Teamsters General President Jim Hoffa welcomed news today that YRC Worldwide Inc. (YRCW) has agreed with lenders to reset its agreements on some loans and will be able to retain proceeds from the auction of certain properties.

“This is welcome news for our YRCW members who have had to endure sacrifices for several years,” Teamsters General President Jim Hoffa said. “Those sacrifices, which

Senin, 30 April 2012

YRC Worldwide gets wiggle room from lenders

YRC Worldwide Inc. says its lenders have agreed to reset covenants from a July 2011 credit agreement, staving off the latest concern about the trucker’s financial future.

In a Monday release, the Overland Park-based company said all of its term credit agreement lenders and credit agreement lenders for asset-backed loans agreed to the amendments.

In addition to resetting the loan terms, the

YRC Worldwide Announces Agreement with 100 Percent of Its Lenders

Unanimous Vote Affirms Resounding Support of the New Management Team's Renewed Focus on LTL Leadership

Agreement Provides Years of Additional Financial Flexibility

YRC Worldwide Inc. today announced that it has reached an agreement with its lenders to reset certain financial covenants over the life of the loans and allow the company to retain all proceeds from the auction of certain surplus

YRC Freight Recognized as NASSTRAC 2012 LTL Carrier of the Year

Company Ranks No. 1 in Survey of NASSTRAC Members

The National Shippers Strategic Transportation Council (NASSTRAC) presented its 2012 LTL Carrier of the Year to YRC Freight, a subsidiary of YRC Worldwide Inc. (NASDAQ: YRCW) at its annual Logistics Conference & Expo.

"Since we adopted the new YRC Freight brand in February, we have been focusing on our core LTL business and the fundamentals

Jumat, 27 April 2012

Arkansas Best Corporation Announces First Quarter 2012 Results

Arkansas Best Corporation announced a first quarter 2012 net loss of $18.2 million, or $0.71 per share, compared to a net loss of $12.8 million, or $0.51 per share in the first quarter of 2011.

Arkansas Best's first quarter 2012 results were impacted by a number of unusual items which are listed below with the corresponding diluted per share effect:

Low corporate tax benefit rate - ($0.18/

UPS 1Q Earnings Per Share Grow 10 Percent

U.S. Domestic and Supply Chain & Freight Segments Post Double-Digit Gains in Operating Profit

UPS announced first quarter 2012 diluted earnings per share of $1.00, a 10% improvement over the prior-year period. Consolidated revenue increased 4.4% to $13.1 billion. Operating profit for the U.S. Domestic and Supply Chain and Freight segments increased 13% and 19%, respectively.

"These results

Kamis, 26 April 2012

YRC Creeps Quietly Out of China

The tide has certainly changed in a few short years. The Fortune-500 company is now staving off bankruptcy, its stock floundering about in the single digits on the NASDAQ from a 52-week high of $618.06 in April 2011. A net loss of $409 million was posted last year, on revenues of $4.9 billion. YRC is not going down without a fight though, as it turned to its creditors in mid-April to

Rabu, 25 April 2012

BNSF Logistics Recognizes YRC Freight As “Carrier Excellence Award” Winner

BNSF Logistics, LLC, an industry leading global third party logistics and supply chain solutions provider, has announced that YRC Freight, an Overland Park, Kan.-based “less than truckload (LTL)” services provider, has been recognized for exceptional service and selected as the 2011 “Carrier Excellence Award” winner in the LTL services category. YRC Freight was selected after evaluation of

Selasa, 24 April 2012

Arkansas Best Corporation Declares A $0.03/Share Quarterly Dividend

The Board of Directors of Arkansas Best Corporation ABFS has declared a quarterly cash dividend of three cents ($0.03) per share to holders of record of its Common Stock, $0.01 par value, on May 8, 2012, payable on May 22, 2012.

Arkansas Best Corporation, headquartered in Fort Smith, Arkansas, is a freight transportation services and solutions provider. Through its various subsidiaries,

U.S. freight tonnage gains shift into low gear, American Trucking Associations says

U.S. freight levels inched forward in March, increasing 0.2 percent compared with February and hinting at a slower growth pace this year, according to new data from the American Trucking Associations.

That compares with a 0.5 percent increase in February, seasonally adjusted.

The ATA’s index of for-hire truck tonnage now stands at 119.5, up from 119.3 in February. The year 2000 equals 100

Back on the road

Thanks to an improving U.S. economy, decent volume growth, and an avoidance of past errors, LTL is no longer the wreck on the highway.

There's a proverb that "there are no mistakes, just lessons." If that's true, the less-than-truckload (LTL) sector has acquired a world-class education over the past five to six years.

After a terrible cycle that saw annual revenues shrink from more than $33

2012 Virginia Truck Driving Champions Crowned

Nine professional Virginia truck drivers were crowned 2012 "Champions of the Highway" at the 61st annual Virginia Truck Driving Championships held April 20 and 21 at the Lee Hi Travel Plaza in Lexington, Virginia.

The annual Virginia Truck Driving Championships showcases the safe driving skills and professionalism of Virginia's best truck drivers in a safety-oriented competition.

The first

Trucking Firm’s Troubles Reflected in IT

The 2003 merger which combined two major trucking firms, Yellow and Roadway, should have created a monster of the highway. Instead, as is often the case with large deals, the $1.05 billion merger turned into a monster headache that took years to finalize, partly because of a difficult combination of IT systems and staff. That headache continued on Friday as the company asked its creditors to

Jumat, 20 April 2012

YRC appeals to lenders for leniency

YRC Worldwide Inc. is pursuing leniency from its lenders, a move that comes after warnings that its recovery wasn’t advancing fast enough to meet minimum requirements.

The Overland Park-based trucking company explained its request in a Friday filing with the Securities and Exchange Commission.

Specifically, it wants to reset covenants from a July 2011 credit agreement that govern minimum

UPS to Release 1st Quarter Results on Thursday, April 26, 2012

UPS will announce its first quarter results on Thursday, April 26, 2012, at approximately 7:45 a.m. Eastern Daylight Time.

At 8:30 a.m. EDT, UPS Chairman and CEO Scott Davis and Chief Financial Officer Kurt Kuehn will conduct an investor conference call. This call will be open to reporters and the public, on a listen-only basis, via a live Webcast.

To listen to the live Webcast: Go to

YRC Worldwide Seeks to Reset Loan Covenants Under 2011 Agreement

YRC Worldwide Inc., the second- biggest publicly traded U.S. trucking company, is seeking to change the terms of its covenants under a credit agreement signed in July.

The company is proposing to reduce compliance thresholds for consolidated earnings before interest, taxes, depreciation and amortization by between 25 percent and 35 percent and for the interest-coverage ratio by between 30

YRC Worldwide asks creditors for more wiggle room

Kansas-based YRC Worldwide Inc., the trucking conglomerate with a significant midstate presence, has asked its lenders to amend credit agreements to give the company more wiggle room to meet financial requirements.

YRC is seeking amendments to the credit deals that would reduce compliance thresholds on three key metrics, saying that since October it has exceeded its forecasts and continues to

Sabtu, 14 April 2012

With A New CEO And Revamped Board, Is YRC Worldwide Back On Track For A Turnaround?

Can James Welch, the new CEO of one time transportation giant YRC Worldwide, succeed in  retooling and rehabilitating the company that was close to bankruptcy last year? The quick answer is yes, based on his less-than-a-year performance as helmsman of the ailing YRC.

With his extensive experience in the trucking industry, some investors believe that if there’s anybody who could pull the

Selasa, 10 April 2012

YRC Freight Implements Network Changes

Latest restructuring intended to reduce freight handling, speed shipments

YRC Freight implemented two changes of operations over the April 7 weekend, reconfiguring its terminal network to speed freight and reduce handling.

The restructuring, approved by the Teamsters union last month, eliminated road domiciles, shifting drivers from end-of-the-line terminals to hubs, the company said.


Senin, 09 April 2012

YRC's Welch Says Bad Decisions Brought Down Stock Price

James Welch, chief executive officer of YRC Worldwide Inc., says "ill timed acquisitions" by the company's previous management brought down the company's stock price.

Welch talked to Bloomberg's Kathleen Hays and Vonnie Quinn on "The Hays Advantage" on Bloomberg Radio on April 4, 2012.

 Audio download here..............

Sabtu, 07 April 2012

Arkansas Best Corporation Announces Its First Quarter 2012 Earnings Conference Call

Arkansas Best Corporation (Nasdaq: ABFS) will announce its first quarter 2012 results, prior to the opening of the market, on Friday, April 27, 2012. A conference call with company executives will be held that day at 9:30 a.m. ET (8:30 a.m. CT) to discuss these results.

Interested parties are invited to listen by calling (800) 926-5085. Following the call, a recorded playback will be

YRC Chief Welch Says Trucker Can Service Debt as Swaps Rise

YRC Worldwide Inc., the trucker whose credit-default swaps surged as bondholders guard against losses, said it can service its debt as long as business continues improving.

“Our customers are telling us a different side of the story versus what some of the analysts may say, or some of these CDS folks,” Chief Executive Officer James Welch said in an interview. “Our business is growing. We’ve

YRC Worldwide Reviewing Bids for Terminals

Sealed-bid auction for 61 excess LTL terminals across U.S. ended March 29

YRC Worldwide received “multiple bids” for more than 60 facilities put up for sale via a sealed-bid auction and is analyzing those offers, a company spokesperson said.

No final decisions have been made on the properties, which are mostly vacant. YRC Worldwide and NRC Realty & Capital Advisors launched the auction in

Minggu, 01 April 2012

Former Roadway headquarters closes doors for last time

More than 250 current and former employees of trucking company YRC Worldwide Inc. met Friday at Johnny Malloy’s sports pub on Buchholzer Boulevard in Akron to say goodbye and to see old friends.

“This is our family. The friendship will never end,” said Lee Cramer, 55, of Brimfield Township, who left the company in 2008 to move to California, but ended up staying in the area because of the

Kamis, 29 Maret 2012

Holland Driver Don Quist Named Michigan Driver of the Month

Holland is proud to announce that professional driver Don Quist has recently received the Driver of the Month Award from the Michigan Trucking Association. This is the second time the 24-year Holland veteran has received driver of the month honors.

"I congratulate Don for putting safety first in his work. His safety record reflects his commitment to protecting himself and the people around

Is a YRC Worldwide Turnaround In Sight?

YRC Worldwide has been on the financial operating table for nearly half a decade now, and is currently trading at its 52-week low.

Like any such emergency patient, the nation's second-largest trucking firm has lost a lot of financial blood.  It's one-half the size it once was. It nearly perished twice, in 2009 and again last year. Needless to say its financials are a horror show. How about

Rabu, 28 Maret 2012

Teamsters highlight contradictions in Mexican trucks case

The Teamsters have apparently caught the Obama Transportation Department in several contradictions in the two sides' continuing fight over the agency's pilot program to let selected Mexican trucks roll on all U.S. roads.

For example, the union's legal brief filed with the U.S. Circuit Court of Appeals in D.C., says the agency admits the pilot program will produce between 2,800 and 4,100


Teamsters General President Jim Hoffa today said the House of Representatives should stop stalling and pass the Senate’s surface transportation bill. The House is considering a 60-day extension.

“We need more than another eight weeks of uncertainty about our long-term transportation needs,” Hoffa said. “The American people don’t need more deadlock in Congress, they need good jobs. We need to

Officers and UPS driver roust families from burning Baldwinsville building

A UPS driver, two Baldwinsville police officers and two Onondaga County deputies rousted eight families out of a burning apartment building Monday night.

Darryl Cooper, a UPS Freight driver, said he was driving home from work on Oswego Street at around 11 p.m. when he saw smoke in the area.

He said at first he thought it was someone burning leaves.

"Then “I happened to be coming up over the

Rabu, 21 Maret 2012

Trucker racks up 3 million miles of accident-free driving

Trucker Don Cook has driven more than 3 million miles without an accident

Don Cook's new leather jacket has a patch that says "Three Million Miles Safe Driving," and this is not an ambition but an achievement in his nearly four-decade career as a truck driver.

He has driven that far — the equivalent of 6.3 round trips to the moon — without an accident. Farther, actually, as he has driven many

Senin, 19 Maret 2012

YRC Back at Brink 2 Years After Goldman Spat

Two years after the Teamsters union faced off against Goldman Sachs Group Inc. to keep YRC Worldwide Inc. out of bankruptcy, the second-biggest U.S. trucker is back on the brink.

Credit-default swaps tied to the company, whose units include New Penn, Holland and Reddaway, imply an 87 percent chance of default, according to data provider CMA. Bonds from Overland Park, Kansas-based YRC, which

Rabu, 14 Maret 2012

Holland Driver Warren Clark Reaches Elite Safety Milestone

Holland is proud to announce that professional driver Warren Clark has reached the rare safety milestone of driving three million consecutive miles without a preventable accident. This makes him one of just two active Holland drivers to have achieved this elite status.

Warren Clark, 63, has been driving for Holland since 1979, and currently operates a line haul route out of the Chattanooga,

YRC Freight Delivers Remnant of World Trade Center

A piece of the World Trade Center has made its way to Healdsburg, California where it could soon become a small memorial in the town plaza.

The portion of a steel “I-beam” from the remains of the 9/11 attack on the twin towers arrived Monday afternoon.

Ben Gilliam, a former Healdsburg firefighter, requested the piece from New York City's Fire Department and arranged for its delivery.


Selasa, 13 Maret 2012

Trucking Sector Gains Momentum

Despite a noticeable drop in truck tonnage in January, the U.S. trucking sector's recovery continues to gain momentum. According to the American Trucking Association's Chief Economist, Bob Costello, he is "optimistic about truck tonnage going forward... In fact, while many fleets said January was normal, they are also saying that February has been pretty good so far."

In late February the

Senin, 12 Maret 2012

UPS and Connor Sport Court to Deliver Basketball Court for 2012 Men's Final Four

Logistics Leader Also Announces Basketball-Themed Marketing Communications Campaign

UPS, an official NCAA corporate partner and Connor Sport Court International, the world's leading manufacturer of high-performance sports flooring, today announced plans for a seven-city tour of the hardwood basketball court that will serve as the centerpiece of the 2012 NCAA® Men's Final Four®.
UPS also

YRC dumps holding in Chinese trucker joint venture

Move squares with carrier's plan to focus on North American LTL service

YRC Worldwide Inc., continuing its efforts to shed assets not directly related to its core North American less-than-truckload business, said it has sold its 65-percent interest in Chinese trucker Shanghai Jiayu Logistics Co. Ltd., to its Chinese joint venture partner. YRC declined to identify the Chinese company or

Jumat, 09 Maret 2012

YRC Worldwide Sells Interest in Shanghai Jiayu Logistics Co., Ltd.

YRC Worldwide Inc. announced the company has agreed to sell its interest in Shanghai Jiayu Logistics Co., Ltd. to its 35-percent joint venture partner.

"This is another important step in the continuing process to sharpen our focus on North American less-than-truckload (LTL) shipping. Our emphasis on core LTL services has resulted in significant increases in on-time service and our customers

Kamis, 08 Maret 2012


Hoffa: It’s Bizarre To Argue That U.S. Truckers Aren’t Hurt by Program

The Teamsters Union filed counterarguments in its lawsuit against the U.S. Department of Transportation's (DOT) pilot program to open the border to dangerous and illegal Mexican trucks. General President Jim Hoffa said the DOT's claim that Mexican trucks won't affect Teamster truck drivers is "bizarre."

The Teamsters

Senin, 05 Maret 2012

12 Exemplary Drivers Chosen for the Elite 2012-2013 ABF Road Team

ABF Freight System, Inc., is honoring 12 exemplary drivers with membership in the 2012-2013 ABF Road Team. One of the highest honors an ABF driver can achieve, Road Team members earn the honor by demonstrating the utmost standards of professionalism on North American highways and city streets.

ABF Road Team members for 2012-2013 and the ABF Service Centers where they are based are:


Kamis, 01 Maret 2012

ChemTreat Names Holland 2011 LTL Carrier of the Year

Leading specialty chemical company, ChemTreat, has named Holland its 2011 LTL Carrier of the Year. This marks the third time that ChemTreat has extended this honor to Holland since 2004.

A number of carriers were evaluated along several metrics, including billing accuracy, on-time performance, and damage-free delivery. These objective measures were supplemented by input from ChemTreat traffic

Rabu, 29 Februari 2012

Truckers haul less freight in January but outlook stays rosy

U.S. truckers handled less freight in January after enjoying a leap in December

“Last month, I said I was surprised by the size of the gain in December,” Bob Costello, chief economist for the American Trucking Associations    , said in a written statement. “Today, I’m not surprised that tonnage fell on a seasonally adjusted basis in January simply due to the fact that December was so strong.”

Selasa, 28 Februari 2012

YRC Worldwide Reports Fourth Quarter 2011 Results

YRC Freight tons per day up 6.7%, revenue per hundredweight up 4.8%, operating revenue up 11.0%
Regional tons per day up 4.7%, revenue per hundredweight up 5.7%, operating revenue up 12.6%

YRC Worldwide Inc. today reported financial results for the fourth quarter of 2011.

Consolidated operating revenue for the fourth quarter of 2011 was $1.212 billion, up 11.1% over 2010, and consolidated

YRC Worldwide headquarters gets a face-lift

YRC Worldwide Inc.’s Overland Park headquarters got a minor face-lift last week as workers switched out its name on the side of the building for subsidiary YRC Freight.

The division’s CEO, Jeff Rogers, said most of the almost 700 employees in the building work for YRC Freight, which condenses shipments from multiple customers into long-haul truckloads. He added that the move also follows the

Kamis, 23 Februari 2012

Hoffa: Carnage and Crime In Mexico Offer More Reasons to Keep Unsafe Trucks Off U.S. Roads

The State Department recently warned Americans against taking unnecessary trips to vast, dangerous sections of Mexico. Nearly all the states along the border are awash in violence, and there is no safe road to Mexico City.

Mexico's 5-year-old narco-war is only getting worse. More than 12,000 people were killed in drug-related violence last year, a 6 percent increase over the previous year.

UPS Drivers Establish "Remarkable" Safety Record

5,842 Now Included in "Circle of Honor" For Driving 25 Years or More Without Accident

UPS announced the induction of 1,235 drivers into its elite "Circle of Honor," raising to 5,842 the number of drivers who have steered clear of accidents for 25 years or more.

The number of new inductees is the largest for any single year in the company's history and includes 31 new members from Canada and

Selasa, 14 Februari 2012

YRC Freight Honored as "Long Haul Carrier Partner of the Year" by Unishippers

Unishippers Global Logistics Presents Award for Outstanding Service and Partnership Excellence

YRC Freight Inc., a subsidiary of YRC Worldwide Inc., has been named the Long Haul Carrier Partner of the Year for 2011 by Unishippers Global Logistics, LLC. This is the first time Unishippers has presented the award.

"We are honoring YRC Freight in recognition of the outstanding quality of service

Kamis, 02 Februari 2012

YRC unit changes name to better focus its mission, employees

YRC Inc. is changing its name to YRC Freight to better focus attention on its freight services and give employees from the merger of Yellow Corp. and Roadway Corp. a new name to rally behind.

The national unit of Overland Park-based YRC Worldwide Inc. announced the change Wednesday.

Jeff Rogers, the unit’s president, said in an interview that the move is a continuation of efforts to refocus

Rabu, 01 Februari 2012


Hoffa Says Radical Changes Would Endanger Driving Public, Cost Taxpayers

Teamsters General President Jim Hoffa joined Sen. Frank Lautenberg, D-N.J., Rep. James McGovern, D-Mass., highway safety advocates and family members of truck crash victims at a press conference today to speak out against legislation that would make radical changes to federal law, allowing heavier and bigger tractor

YRC Becomes YRC Freight

Yellow and Roadway Brands Align New Company Name with Focus on Core LTL Freight Business

YRC Inc., a subsidiary of YRC Worldwide Inc., today officially unveils the launch of its new brand – YRC Freight. The brand was introduced to employees in late January at a company event. In addition to the new name, a new logo, uniforms, equipment and signage will be rolled out across North America.


New name, logo and emphasis at trucking giant YRC

Overland Park trucker to be focusing more on long-haul deliveries

Overland Park trucking giant YRC Worldwide Inc. is bringing “freight” back to its long-haul trucking business.

Starting today, YRC Inc. will go by YRC Freight as part of an effort to return to the basics of long-haul trucking.

“It’s connecting who we are and what we do with the name,” YRC Freight President Jeff Rogers said.

Selasa, 31 Januari 2012

UPS Delivers Record 4Q Results

UPS today announced fourth quarter 2011 adjusted diluted earnings per share of $1.28, a 21% improvement over the prior-year period. Total revenue increased 6% to $14.2 billion and adjusted operating profit climbed 17% to more than $2 billion.

Last Friday, the company announced a change in pension accounting to a mark-to-market methodology. Adopted in the fourth quarter of 2011 and applied

Senin, 30 Januari 2012

YRC to Exit Next-Day Market

Network redesign concentrates on long-haul freight, reduced handlingYRC Worldwide is proposing changes to its long-haul freight network that will speed shipments and take long-haul carrier YRC out of the next-day freight market.The change of operations, which must be approved by the Teamsters union, would be the most significant step yet in the restructuring of YRC launched last year by CEO James

Jumat, 27 Januari 2012

Arkansas Best Corporation Posts Profit in Fourth Quarter 2011 and Full Year 2011

Arkansas Best Corporation announced fourth quarter 2011 earnings of $0.05 per share, compared to a fourth quarter 2010 loss of $0.12 per share. For full year 2011, Arkansas Best's earnings were $0.23 per share versus a loss of $1.30 per share in 2010. These quarterly results include charges for a supplemental pension settlement of $0.03 per share related to a previously disclosed ABF executive

Rabu, 25 Januari 2012

UPS to Release 4th Quarter Results on Tuesday, Jan. 31, 2012

UPS will announce its fourth quarter results on Tuesday, Jan. 31, 2012, at approximately 7:45 a.m. Eastern Standard Time.

At 8:30 a.m. EST, UPS Chairman and CEO Scott Davis and Chief Financial Officer Kurt Kuehn will conduct an investor conference call. This call will be open to reporters and the public, on a listen-only basis, via a live Webcast.

To listen to the live Webcast: Go to

Senin, 23 Januari 2012


YRCW Teamster members who received stock options from the first and second memoranda of understandings (MOUs) negotiated in late 2008 and mid-year 2009, will receive information from the company about a switch in administrators.YRCW is switching its administrator for the stock option plans to a less costly provider and the change has no impact on the value of the option plan.  In the material the

Rabu, 11 Januari 2012

YRC Worldwide auctioning 62 properties

YRC Worldwide Inc.  has hired Chicago-based NRC Realty & Capital Advisors LLC to coordinate the auction of 62 surplus YRC sites throughout the U.S.Overland Park, Kan.-based trucking company YRC Worldwide has about 560 workers in St. Louis.None of the YRC properties being auctioned are in the St. Louis area. They are primarily in the Midwest and Southwest, but some are in New England, Texas and

Arkansas Best Corporation Announces Its Fourth Quarter 2011 Earnings Conference Call

 Arkansas Best Corporation  will announce its fourth quarter 2011 results, prior to the opening of the market, on Friday, January 27, 2012. 
A conference call with company executives will be held that day at 9:30 a.m. ET (8:30 a.m. CT) to discuss these results. Interested parties are invited to listen by calling (800) 379-4140. Following the call, a recorded playback will be available through the

Sabtu, 07 Januari 2012

YRC, Teamsters to Discuss Operations Changes

New talks could encompass truck terminals, freight handling proceduresYRC, looking to restructure its operations as the trucking operator seeks to rebuild its finances, is preparing for talks with the Teamsters union on a redesign of its freight terminal network and how its union employees handle shipments.The redesign is the next step in a restructuring at the nation’s third-largest

Kamis, 05 Januari 2012

YRC to sell Roadway headquarters, cut as many as 100 Akron jobs and relocate others

Trucking company YRC Worldwide Inc. said Thursday it is selling the former Roadway headquarters in Akron to the developer of the Goodyear headquarters and expects up to 100 people will be losing their jobs in upcoming months.About 100 other YRC Worldwide employees will transfer to office space at company truck terminals in nearby Copley and Richfield, with another 50 offered to relocate to jobs