YRC

Yellow Corp. (NASDAQ: YELL), the former YRC Worldwide, has agreed to a settlement of $2.1 million — an amount the company earlier had referred to as "immaterial" — in an ongoing 2018 lawsuit on price overcharges brought by the Department of Defense. The suit was brought by a group of investors,...

Virginia recently became the first state to impose enforceable COVID-19 safety requirements in the workplace — not just guidelines — which has the trucking industry scrambling to figure out how the new law will affect drivers and operations. The final rule, made public July 17 by the Virginia...

Less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) ended a forgettable 2019 by posting a net loss in the fourth quarter, but at least the deficit was less than what had been forecast. YRC lost 46 cents a share in the fourth quarter, which was less than the 55 cents a share loss...

New Penn Motor Express, the Northeast regional U.S. unit of less-than-truckload (LTL) carrier YRC Worldwide Inc. (NASDAQ: YRCW), has notified the Teamsters union that it plans to add utility employee positions for "improved service and growth." The proposed "change of operations" would add 86...

Less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) announced late Dec. 11 high-level management changes that include the naming of a chairman, the departure of its chief financial officer and the return of its old CFO. Matthew E. Deheny, a financier and turnaround expert who has served...

Less than truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) posted October 31 a 48 cents per share third quarter net loss, most of which came from an $11.2 million loss associated with the mid-September refinancing of a $600 million term loan. Backing out the 34 cents per share net loss...

Less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) has reorganized into four nationwide divisions and 17 operational areas that will support its terminal operations, with its YRC Freight national unit and its three regional operating units reporting to T.J. O'Connor, YRC's chief...

Less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) proposed October 1 to consolidate two northern Michigan terminals operated by its YRC Freight long-haul unit into one terminal in the area that is operated by its Holland regional unit. The proposal calls for YRC Freight...

YRC Freight, the North American long-haul unit of less-than-truckload carrier YRC Worldwide (NYSE: YRCW) is proceeding with its strategy to use branded intermodal containers. YRC Freight said on September 30 that it has partnered with BNSF Railway (NYSE: BRK) to onboard more than 600 branded...

YRC Worldwide, Inc. (NASDAQ: YRCW) announced that it completed a refinancing of its term loan debt, entering into a $600 million term loan agreement. The new deal provides additional liquidity and provides less restrictive financial covenants. The company believes this will provide an "operational...

Those who missed the 1987 opening of metro Atlanta's Tom Moreland Interchange, unfavorably known as "Spaghetti Junction" because of its complicated and entwined five roadways, need only drive 10 or so miles north to see its offspring being born. The state is erecting a spiral staircase that will...

If YRC Worldwide, Inc.'s (NASDAQ: YRCW) second-quarter results could talk, they would tell investors and shippers to give them the benefit of the doubt. But after a disappointing quarter, an equity price that's down nearly 80 percent in the past 12 months, and a model that has destroyed untold...

Good day, The National League of Cities' recently published an analysis of congestion pricing options to reduce traffic bottlenecks. The report was notable for what it didn't include. There was nary a mention of commercial motor vehicles (CMVs), even though they are major contributors to...

The CEO of less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) said on July 8 that more changes lie ahead for the company following its disclosure it will close the headquarters of regional LTL unit New Penn Motor Express in early September. In a July 8 memo to employees, Darren D...

Less-than-truckload carrier YRC Worldwide, Inc. (NASDAQ: YRCW) said Thursday it has named T.J. O'Connor the company's chief operating officer, filling a post vacant since April 2018 when then-COO Darren Hawkins was promoted to the CEO position. O'Connor will remain as president of YRC Freight, YRC...