yrc News Updates

Business

YRC to Sell Logistics Business to Equity Firm for $37 Million

YRC Worldwide said Friday it has entered into an agreement to sell a portion of its YRC Logistics business to a private equity firm for $37 million.

June 25, 2010
Business

YRC Confirms Positive Trend for Second Quarter

YRC Worldwide said Monday that it would achieve positive earnings before interest, taxes, depreciation and amortization in the second quarter and that its volumes were improving in June.

June 14, 2010
Business

YRC, Teamsters Forming Competitiveness Committees

YRC Worldwide said Monday that joint committees representing the company and the Teamsters union are being formed to address YRC’s “competitiveness and reentry into union pension plans.”

May 24, 2010
Business

YRC Reports 1Q Loss But Cites Improvement

YRC Worldwide Inc. reported a first-quarter loss of $274.1 million, nearly the same as a year earlier, but the less-than-truckload carrier cited steady progress in reducing operational losses in the most recent period.

May 10, 2010
Business

YRC Reports First-Quarter Loss

YRC Worldwide Tuesday reported a first-quarter loss of $274.2 million, or 53 cents a share, compared with a loss of $273.8 million, or $4.61 per share, a year ago.

May 4, 2010
Business

YRC Reportedly Cuts More Jobs

YRC Worldwide has cut about 200 more jobs in a further effort to reduce costs, Reuters reported.

March 2, 2010
Business

YRC Sets Shareholders’ Vote for Reverse Stock Split

YRC Worldwide Inc. set Feb. 17 as the date for a special shareholder meeting to vote on a reverse stock split that follows the debt-for-equity exchange offer that was completed earlier this month.

January 25, 2010