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YRC Gives Government 30% Stake In Latest Bailout
Wednesday, July 1, 2020 - 11:46am | 1849Read More...YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan...
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YRC To Receive $700 Million CARES Act loan
Wednesday, July 1, 2020 - 10:02am | 258Read More...YRC Worldwide (NASDAQ: YRCW) announced it expects to receive a $700 million loan from the United States Department of the Treasury under the CARES Act. The largest less-than-truckload (LTL) carrier has been facing mounting financial pressure amid the pandemic to fund obligations to its 30,000...
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Labor Uncertainty Impacted YRC Worldwide's First Quarter, But New Deal Provides New Opportunities
Wednesday, May 8, 2019 - 3:06pm | 991Read More...YRC Worldwide (NASDAQ: YRCW) reported a $31.7 million consolidated operating loss on first quarter 2019 revenue of $1.182 billion. The loss widened from a year ago and revenue fell slightly, down from $1.215 billion in the first quarter of 2018. CEO Darren Hawkins placed the revenue decline on...
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Market Wrap For January 10: Job Growth Weak, But Unemployment Falls
Friday, January 10, 2014 - 5:53pm | 2337Read More...Major indices ended the day little changed as investors and traders were not sure how to react to today's job reports. 74,000 jobs were added, well below the estimated 196,000. The report proved to be a complete contradiction to every other report previously seen. Related: ETFs Moving On The...
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The Five Best Performing Stocks From Monday
Tuesday, December 24, 2013 - 9:11am | 482Read More...The market had an impressive day proving that the Santa Claus rally may be in the works, but there were some under-the-radar stocks that posted even bigger gains Monday. Here are the top five biggest gainers with share prices above $3.00: Dynamics Research Corp. (NASDAQ: DRCO) The company...
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Market Wrap For December 9: Investors Digest Further Clues Hinting at An Upcoming Taper
Monday, December 9, 2013 - 5:45pm | 1739Read More...According to Jim Bullard, the chances of the Fed tapering have increased due to recent labor market data. “There is no widely accepted reason why inflation is running as low as it is in the face of extraordinarily accommodative policy for the Fed,” he added. The St. Louis Fed chief added that...
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YRC Worldwide Falls 28% After Q3 Results
Tuesday, November 12, 2013 - 6:29pm | 391Read More...YRC Worldwide (NASDAQ: YRCW) was down more than 28 percent in after hours trading after announcing the firm's third quarter results. The company reported a Q3 EPS of $(4.45), which may not compare to the Street estimate of $(0.46). Earnings per share were down three percent from the year-ago...
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Citi Reports YRC May Be Facing Another Bankruptcy
Friday, March 18, 2011 - 8:44am | 129Read More...Citi has reported that YRC Worldwide (NASDAQ: YRCW) could be facing bankruptcy again. According to the report, "While the market remained volatile on fears following the aftermath in Japan this week, the LTL stocks held steady as YRC Worldwide (YRCW, not rated) once again faced the possibility of...
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Is YRC Worldwide About To Go Bankrupt? (YRCW)
Thursday, March 17, 2011 - 9:33am | 207Read More...Reuters is reporting that there is a distinct possibility that YRC Worldwide (NASDAQ: YRCW) could go bankrupt following the company's failure to reach an agreement on restructuring. On Wednesday, shares of the trucking company fell 28 percent after it revealed that, after failing to get the...
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YRC Worldwide Announces Restructuring Agreement, Morgan Keegan Maintains Underperform
Tuesday, March 1, 2011 - 10:29am | 172Read More...Morgan Keegan has published a research report on YRC Worldwide (NASDAQ: YRCW) after the company announced a restructuring agreement regarding stakeholders. In the report, Morgan Keegan writes "YRC Worldwide announced a restructuring agreement in principle with certain key stakeholders. The non-...
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YRC Worldwide Initiated At Underperform
Tuesday, October 12, 2010 - 10:28am | 20Read More...Morgan Keegan has initiated coverage on YRC Worldwide (NASDAQ: YRCW) at Underperform.
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New Tentative Labor Agreement For YRC Worldwide
Friday, October 1, 2010 - 9:22am | 126Read More...Deutsche Bank has published a research report for YRC Worldwide (NASDAQ: YRCW) following the company's tentative labor agreement announcement. In the report, Deutsche Bank writes "YRCW announced that its Board and Union leaders approved a tentative labor agreement expected to reduce annual costs by...
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YRCW Teamsters Meetings Discussing Wage Cuts
Friday, September 24, 2010 - 7:11am | 138Read More...According to JP Morgan, YRC Worldwide (NASDAQ: YRCW) teamsters will meet with local union leaders and pension fund representatives on 9/29, and continue meetings through October. Color from JP Morgan is as follows: "We note that in August 2009 union membership employed by YRC voted only 58.5% in...
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Deutsche Bank's Freight Tracker Top Picks
Thursday, September 16, 2010 - 7:24am | 306Read More...Current Top picks: Union Pacific (NYSE: UNP),$79.08 Buy FedEx Corporation (NYSE: FDX),$85.94 Buy J. B. Hunt (NASDAQ: JBHT),$35.19 Buy United Parcel Service (NYSE: UPS),$67.66 Buy Companies featured: Arkansas Best Corp. (NASDAQ: ABFS),$23.74 Hold C.H. Robinson Worldwide (NASDAQ: CHRW),$68.21 Con-way...
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YRCW Faces Liquidity Issues
Wednesday, August 4, 2010 - 12:12pm | 141Read More...YRC Worldwide, Inc. (NASDAQ: YRCW) reported EPS loss of $0.01 in its 2Q, but with the adjusted $83M in non-cash reductions to the company's equity-based compensation expense via the March 2010 union awards, the loss came in at $0.05 from continuing operations, which is still better than Dahlman...
