After discussion with Wolfe Research, we are making the discussants’ identities anonymous.) OVERLAND PARK, Kan. , Jan. 15, 2021 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ: YRCW), announced today that on Thursday, February 4, 2021 , at 5:00 p.m. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 2020.01.31 Under the Teamsters 2018-2023 ABF National Master Freight Agreement, if ABF Freight achieves an annual operating ratio of 96.0 or below for any full calendar year, each Teamster-represented employee will receive a bonus based on their earnings. Affected Teamsters would dovetail into a Holland terminal operation, which would pick up and deliver YRC and Holland freight. YRCW management has submitted a proposed change of operations LINK to combine two very small Holland and YRC terminals in Northern Michigan. YRCW takes reorganization to a new level. Hoffa Takes Aim at Teamster Elections. We asked our driver recruiters what questions candidates ask the most and rounded up their answers here. YRC has taken extreme measures to stem the losses inflicted by COVID-19 business disruption. Based on 2019 revenue, YRC comes in fourth after FedEx Freight, Old Dominion and XPO. Like the economy, the LTL marketplace is facing some hurdles. By Ginger Allen April 1, 2020 at 9:16 pm Filed Under: CBS 11 I Team , Coronavirus , Covid-19 , DFW News , National Labor Relations Board , NLRB , … Posted on February 17, 2020. The after-the-market-close quarterly report sent shares surging more than 40% in after-hours trading on Monday. Company Name: YRC Worldwide Inc., Stock Symbol: YRCW, Industry: Automotive and Transportation, Total Posts: 24405, Last Post: 2/27/2021 10:39:05 PM TDU activist Willie Ford and his Rebuild 71 slate defeated the incumbent officials by nearly a 3 to 1 margin. (RTTNews) - Below are the earnings highlights for YRC Worldwide Inc. (YRCW): -Earnings: $4.3 million in Q1 vs. -$49.1 million in the same period last year. Hoffa is retiring as General President at the end of next year, and he wants to take Teamster democracy with him. The Teamsters said that this contract raises wages, restores a week of vacation, and protects benefits. YRC Worldwide: News, Investors, Media. Workers who are laid off receive continued coverage up to eight weeks. OVERLAND PARK, Kan., Aug. 05, 2020 (GLOBE NEWSWIRE) -- YRC Worldwide (NASDAQ: YRCW) announces the expansion of YRC Freight’s Regional Next-Day Service to the mid-South region and also Waco, Texas. ... YRC Worldwide, Inc. ... 2020's unprecedented market conditions provide us with the highest number of … 3:24. Posted on November 14, 2019. He previously sat on the boards of YRC WorldWide from August 2011 to July 2018, Roadrunner Transportation Systems from 2010 to 2011, and Spirit Aerosystems Holdings from 2008 to … For the first two months of the third quarter, YRC’s shipments per day were down 7.6%, which was partially offset by a 2.4% increase in weight per shipment compared to the same period of 2019. With the 2020-21 International Union election on the horizon, this opportunity is available to every Teamster. Truckingboards is a MEMBERS ONLY Private Forum that first got it's start in 1999, Membership is 100% Free, We have Over 40k Members and approaching 2 million posts that date back to the early 2000's.Registration is easy and fast. Latest News Commercial Real Estate Banking Technology ... 2020 Updated Aug 24, 2020 ... U.S. Department of the Treasury officials said they made a $700 million loan to YRC Worldwide Inc… Then there was YRC Worldwide, whose four operating trucking company units control 10% of the $46 billion less-than-truckload (LTL) sector, and continued to lose money in the second quarter. YRC management has announced they plan to reduce terminals from 384 to 320 by the end of 2020. OVERLAND PARK, Kan., March 13, 2020 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ: YRCW) reported certain operating metrics for the first two months of the first quarter 2020. A student at Stockton University is facing a possible suspension and other disciplinary charges for making his Zoom background a photo of President Donald Trump and for a subsequent political Facebook post defending his freedom of expression, according to the Foundation for Individual Rights in Education (FIRE). (Editor’s note: an earlier version of this story featured the names of the individuals on the panel. OVERLAND PARK, Kan., May 21, 2020 (GLOBE NEWSWIRE) -- (YRCW) YRC Freight has been recognized as 2019 LTL Carrier of the Year by Dick’s Sporting Goods. 9 Aug 2020 4,703. YRCW management has submitted a proposed change of operations LINK to combine two very small Holland and YRC terminals in Northern Michigan. News … However, there will be some minor relief. One thing that hasn’t changed in a long time is that the LTL market is made up mostly of 25 larger LTL carriers. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Brings Canadian shippers the strength of the integrated YRC Freight network and flexible, efficient solutions. YRC reported net income of $4.3 million in first quarter 2020, 12 cents per share on a diluted basis and well ahead of the consensus estimate of a 57-cent-per-share loss. Leading transporter of industrial, commercial, and retail goods, specializing in solutions for businesses across North America. YRC contributed $2.1 million to the company-sponsored pension plans in 2020 through the end of the first quarter, but noted that additional contributions would not be made in 2020. Michael Ware, an independent reefer driver for 23 years, sees a problem with the trucking industry when he goes to trade shows. YRC -3% after earnings dump, CFO resignation. 1 (the “Amendment”) to the Amended and Restated Credit Agreement (the “A&R Credit Agreement”), which amends its A&R Credit Agreement, dated as of September 11, 2019, by and among the Company, … Shares of YRCW closed the trading session up almost 15% on Tuesday. ; Yellow has added signing bonuses, accelerated pay progressions in certain markets and added driver-training schools, COO T.J. O'Connor said. 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 … Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. The BEST Awards. YRC entered into the agreement with the U.S. government on Tuesday, June 30, 2020. However, YRC was recently granted a waiver on this covenant from its lenders for the remainder of 2020. YRCW Gets a Delay for H&W and Pension Payments. The $400 million allocation provides YRC the capital needed to update its older tractors and trailers, which have been a cost headwind. Management said they expect to see cost savings of roughly $10,000 per replaced tractor annually as the cost profile for expense lines like maintenance, fuel and insurance improve. YRC Freight Teamsters members sign off on National Master Contract. Trucking’s competitive dynamics changed mightily on July 1 with the U.S. government’s infusion of $700 million in a badly needed financial lifeline for ailing trucking giant YRC Worldwide. Teamster-represented workers at YRC Freight, Holland and New Penn have voted to approve the national master portion of the new YRCW National Master Freight Agreement that raises wages, restores a week of vacation and protects benefits. Coronavirus: Sioux Falls' YRC Freight call center reported with case, union says leadership didn't follow rules. Featured Content. The DAT iQ databases provide in-depth historical and predictive insights on every market and every trucking lane in America. March 17 (Reuters) - YRC Worldwide Inc: * BARNA CAPITAL GROUP LTD REPORTS 5.2% STAKE IN YRC WORLDWIDE INC AS OF MARCH 17, 2020 - SEC FILING. YRC Freight is an operating unit of YRC Worldwide … Trucking, like the nation, examines itself for racial bias. CEO Darren Hawkins said during an earnings call Thursday that the lack of labor was frustrating the company's plan to become profitable. OVERLAND PARK, Kan., March 05, 2021 (GLOBE NEWSWIRE) — Yellow Corporation (NASDAQ: YELL) – GlobalTranz has awarded two 2020 Carrier of the Year honors to …. A combination of an improving industrial economy, with manufacturers rebuilding lower inventory levels, has top executives from the $44 billion less-than-truckload (LTL) market crossing their fingers in hopes of a financial rebound this year. Despite pandemic challenges, the companies ranked on the Transport Topics 2020 Top 50 Global Freight Carriers list have adjusted their operations … YRC Worldwide is keeping its well-known brands separate, but blending its regional and national terminal networks, as well as sales and management. YRC Freight, a leading transporter of industrial, commercial, and retail goods, specializing in less-than-truckload and short-haul shipping solutions, has again been named a Top 100 Trucker... Read more about YRC Freight Named a 2019 Top 100 Trucker by Inbound Logistics Magazine. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. Dive Brief: YRC, whose name changed back to "Yellow," is struggling with the driver shortage. Dec 11, 2019, 7:45pm EST. March 2, 2020. On April 7, 2020, YRC Worldwide Inc. (the “Company”) and certain of its subsidiaries entered into Amendment No. Congratulations to our very own YRC Freight Driver Bryon Bramwell on being apart of a special wrap tracker-trailer to convoy on a week-long, cross country … OVERLAND PARK, Kan., Aug. 12, 2020 (GLOBE NEWSWIRE) — (NASDAQ: YRCW) HNRY Logistics has … Nov. 02, 2020 4:48 PM ET Yellow Corporation (YELL) Yellow Corporation (YELL) By: Clark Schultz, SA News Editor. William B. Cassidy, Senior Editor | Nov 13, 2019 2:28PM EST. Today, TeamCare notified all locals and sent a letter to all YRCW Teamsters that YRC and Holland are delinquent on their March 2020 contributions and that they will be unable to pay contributions for work performed in April and May, which will mean a $75 million delinquency to the H&W Fund. On April 7, 2020, YRC Worldwide Inc. (the “Company”) and certain of its subsidiaries entered into Amendment No. Coronavirus: Sioux Falls' YRC Freight call center reported with case, union says leadership didn't follow rules. We specialize in LTL trucking. YRC Plans to Reduce Terminals. Trucking Logistics › LTL Trucking Logistics › YRC Worldwide. The industry is rife with the ways of the "good ol' boy" network, and many large fleets are silent on the diversity of their staff and boards. YRC’s total revenue for last year fell 3.4% to $4.871 billion from $5.092 billion in 2018. Trucking companies are failing at a fast clip so far this year – about double the rate experienced in 2018. About YRC Worldwide. YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including Holland, New Penn, Reddaway and YRC Freight, as well as the logistics company HNRY Logistics. Collectively, YRC Worldwide companies have one of the largest,... Feb. 04, 2020 10:43 AM ET Yellow Corporation (YELL) By: Clark Schultz, SA News Editor YRC Worldwide (NASDAQ: YRCW ) is up 12.22% ahead of … Major trucking companies reported uneven financial results as effects from the COVID-19 pandemic played havoc with freight volumes. Effective May 10, health benefits for YRC employees are suspended. The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business. 28 Jul 2020 5,655. House Judiciary Committee Ranking Member Jim Jordan (R-OH) debunked the claim that the protests in the name of George Floyd have been “peaceful,” playing a video during a hearing that showed scene after scene of violence and destruction in America’s streets. This contract covers roughly 25,000 YRC Freight workers at its YRC Freight Holland, and New Penn subsidiaries and was approved by a 60% to 40% margin. YRC Freight, a leading transporter of industrial, commercial, and retail goods, specializing in less-than-truckload and short-haul shipping solutions, has again been named a Top 100 Trucker... Read more about YRC Freight Named a 2019 Top 100 Trucker by Inbound Logistics Magazine. For YRC Worldwide as a whole – the parent company for YRC Freight, Menlo Worldwide, etc. Most recently, it suspended insurance benefits indefinitely for YRC workers, as first reported by industry publication Land Line.. YRC confirmed this news in a statement, but noted that the company has worked with the Teamsters Union to ensure continued coverage for the time being. The Teamsters said that this contract raises wages, restores a week of vacation, and protects benefits. YRC Freight does reserve the right to suspend Freezable Service if there is a prolonged period of extreme cold weather. In some areas, customers are busier than ever and booking plenty of freight, while others are hunkering down. The company, in a meeting with stockholders and analysts in September, stated that they intend to close or merge 25 … ET , company executives will host a conference call with the investment community to discuss fourth quarter and full year 2020 results. A YRC Freight less-than-truckload truck parked in downtown Washington, D.C., on Feb. 2, 2016. Last week, Hoffa told the press about a plan to block contested elections for International Union office, beginning in 2026. YRC … 1 (the “Amendment”) to the Amended and Restated Credit Agreement (the “A&R Credit Agreement”), which amends its A&R Credit Agreement, dated as of September 11, 2019, by and among the Company, … The suspension will end as soon as YRC resolves the delinquency. YRC Worldwide Probability Of Bankruptcy is currently at 51.15%. Amendment No. 1 to the Amended and Restated Credit Agreement . Panel of shippers looks at the question of YRCW’s fate. 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 … The Teamsters union represented 79% of YRC… TeamCare Announces YRCW Delinquency. YRC is the fifth-largest trucking company in the U.S., the report says. YRC Freight is an operating unit of YRC Worldwide Inc… OVERLAND PARK, Kan., April 29, 2020 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (), announced today that on Tuesday May 5, 2020, at 5:00 p.m. Essentially, any health claims incurred after May 9 will not be paid. The carrier closed the books on 2019 with $80.4 million in liquidity compared to $203.8 million at the end of 2018.YRCW's shares are up more than 10% in midday trading on the news… The company, in a meeting with stockholders and analysts in September, stated that they intend to close or merge 25 … Latest News Commercial Real Estate Banking Technology ... 2020 Updated Aug 24, 2020 ... U.S. Department of the Treasury officials said they made a $700 million loan to YRC … 05.04.21 - Yellow hires nearly 2,000 in first quarter — and it’s not even close to done with hiring surge - Read More 10.02.20 - 4 Common Recruiter Questions, Answered - Starting a new career or a new job means you have lots of questions. YRC will owe $29.3 million in deferred payments to company-sponsored plans at the beginning of 2021. YRC Freight and Reddaway Recognized as 2020 Carriers of the Year by GlobalTranz. Citing a “tremendous amount of uncertainty surrounding COVID-19 and the rapidly changing environment,” management on YRC Worldwide’s (NASDAQ: YRCW) first-quarter 2020 earnings call excluded questions from analysts.The less-than-truckload (LTL) carrier reported net income of $4.3 million in first quarter 2020, 12 cents per share on a diluted basis and well ahead of the consensus … Video. In comparison, the combined Yellow and Roadway terminals that formed YRC Freight totaled 571 in 2009. YRC Worldwide Inc. announced Wednesday the departure of its CFO and three members of its board of directors. YRC Worldwide (NASDAQ: YRCW) has provided a brief update on shipping and yield metrics for the first two months of the second quarter of 2020, and the numbers raise concerns.In a press release, the Overland Park, Kansas-based less-than-truckload (LTL) carrier reported an 18.6% year-over-year tonnage-per-day decline through the first two months of the quarter with revenue per … OVERLAND PARK, Kan., May 29, 2020 -- (NASDAQ: YRCW) YRC Worldwide companies have received a 2020 BEST Award from the Association for Talent Development. If you have questions or need to confirm whether YRC Freight has a freezable embargo in place during periods of extreme cold temperatures, please contact Customer Service at 1.800.610.6500. We specialize in LTL trucking. This plan was described as streamlining and in some instances, cohabitation. Now, members covered by TeamCare who are laid off between March 1 and December 31, 2020 will receive up to eight weeks of Layoff Coverage at no cost. Amendment No. In the 10 trading days straddling the bailout announcement on July 1 and its finalization on July 8, YRC’s shares [YRCW] soared 122%, from $1.57 on June 25 to $3.49 on July 10. OVERLAND PARK, Kan., May 21, 2020 (GLOBE NEWSWIRE) -- (YRCW) YRC Freight has been recognized as 2019 LTL Carrier of the Year by Dick’s Sporting Goods. TeamCare offers layoff coverage. -EPS: $0.12 in Q1 vs. … YRC's 2019 year-end earnings report showed it generated $210.6 million in … Cryptocurrency News. A YRC Freight less-than-truckload truck parked in downtown Washington, D.C., on Feb. 2, 2016. Truckingboards is a MEMBERS ONLY Private Forum that first got it's start in 1999, Membership is 100% Free, We have Over 40k Members and approaching 2 million posts that date back to the early 2000's.Registration is easy and fast. While the votes are in, the contract will not go into effect until the YRC Freight Teamsters Joint Council 40, who rejected the … YRC Worldwide Inc.’s lenders gave the troubled trucker a three-and-a-half year reprieve on its heavy debt load as the company prepares for a $700 million federal bailout package. YRC companies control about 10% of the $46 billion less-than-truckload (LTL) market. YRC Worldwide, parent of the fourth- and seventh-largest groups of LTL carriers, lost $104 million last year, compared with $20.2 million net profit in 2018. In a report to all locals representing YRCW members, IBT Freight Director Ernie Soehl told officers that YRC, Holland, New Penn and Reddaway have sought a “grace period” to delay making health and welfare payments to various funds Teamster members are covered under. “We’re going to rebuild our union the same way we won this election: by informing and uniting the membership,” Ford said. With the addition of more two-day lanes between the mid-South and Texas, YRC Freight’s Regional Next-Day service expansion is the latest step in YRCW’s enterprise network … YRC paid $503.5 million to health and welfare plans and $127.6 million to pension plans in 2019, according to its most recent annual report. Posted on April 16, 2020. 1 to the Amended and Restated Credit Agreement . This is a good start and a win for working Teamsters. in the News. Let’s put something straight first: All bailouts are primarily a bailout of stockholders and bondholders. Affected Teamsters would dovetail into a Holland terminal operation, which would pick up and deliver YRC and Holland freight. yrc | Truckingboards LTL Trucking Forum. Joe Biden trotted out Disney Channel star and pop singer Olivia Rodrigo, who visited the White House on Wednesday to promote coronavirus vaccines to young people. YRC … We can’t let that happen. Stock Market News. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. That was the case in the YRC bailout as well. This contract covers roughly 25,000 YRC Freight workers at its YRC Freight Holland, and New Penn subsidiaries and was approved by a 60% to 40% margin. A YRC Regional Transportation company offering services throughout the Central and Midwestern United States and Eastern Canada. Provides superior regional, next-day ground services through a network spanning the Northeastern United States, Quebec, Canada and Puerto Rico. YRC, which belongs to the Zacks Transportation - Truck industry, posted revenues of $1.16 billion for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by … Cryptocurrency News. 2:19. That market has never changed faster than it did in March 2020. Revenue per hundredweight, or yield, is down 4.9% quarter-to-date. ... 2020 … The company was worth only $70 million at the close of the market day on Tuesday, according to CNN .