kansascity.com (Free subscription) | yesterday
The hard road to recovery for YRC Worldwide Inc. took another troubling turn as the company put up about $1.5 billion in assets as collateral following a debt-rating downgrade.
kansascity.com (Free subscription) | 11/20/2008
The nation's largest trucker, whose shares are among the most widely held in the Kansas City area, reported this morning that it will put about $1.5 billion of "unencumbered assets" up as collateral after Standard & Poor's lowered the company's debt rating.
PR News Wire (Free subscription) | 11/20/2008
OVERLAND PARK, Kan., Nov. 20 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: ) announced today the financial impact of yesterday's credit rating change from S&P. The credit rating is considered a trigger event under the credit agreement. This trigger event requires the company to collateralize its remaining unencumbered assets, which primarily include its real estate and revenue equipment. The...
kansascity.com (Free subscription) | 11/20/2008
The hard road to recovery for YRC Worldwide Inc. took another troubling turn as the company put up about $1.5 billion in assets as collateral following a debt-rating downgrade.
The St Louis Business Journal (Free subscription) | 11/20/2008
YRC Worldwide Inc. will take a $7 million to $10 million charge in the fourth quarter and first quarter for fees to collateralize its remaining unencumbered assets after Standard & Poor’s Ratings Services downgraded its credit rating.
PR News Wire (Free subscription) | 11/17/2008
"In this time of unprecedented economic challenges, our industry needs to focus on continually improving our efficiency and effectiveness," Zollars said. "YRC Worldwide is building on more than 80 years of success. We have an opportunity to improve our performance even in today's economy. That's why we're taking long-ranging actions which improve our ability to effectively, reliably and quickly serve...
kansascity.com (Free subscription) | 11/12/2008
The merger of the national trucking carriers operated by YRC Worldwide Inc. has gone smoothly so far with no impact on customers, the company's top officer told analysts Tuesday.
The St Louis Business Journal (Free subscription) | 11/11/2008
YRC Worldwide Inc. took a noncash impairment of $823.1 million for the book value of good will and certain trade names in the first three quarters of 2008.
kansascity.com (Free subscription) | 11/11/2008
Trucking giant YRC Worldwide Inc. cautioned that a charge could be forthcoming given the company's declining fortunes and continued freefall in the stock market.
kansascity.com (Free subscription) | 11/11/2008
YRC Worldwide Inc.’s top institutional shareholder has reduced its stake in the Overland Park trucking giant by more than 80 percent, unloading about 7 million shares.
PR News Wire (Free subscription) | 11/06/2008
OVERLAND PARK, Kan., Nov. 6 /PRNewswire-FirstCall/ -- Bill Zollars, Chairman, President and CEO of YRC Worldwide Inc. (Nasdaq: ), will deliver a company presentation at the Robert W. Baird & Co. 2008 Industrial Conference on Tuesday, November 11, 2008, at 12:40pm CT. The conference will be held at the Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois. A webcast of the live presentation...
The Memphis Business Journal (Free subscription) | 10/30/2008
YRC Worldwide Inc. will lay off about 3,750 drivers and dockworkers as it merges its Yellow Transportation and Roadway carriers, a 15 percent reduction in its 25,000 employees, a company spokeswoman said Wednesday.
The St Louis Business Journal (Free subscription) | 10/29/2008
YRC Worldwide Inc. will lay off about 3,750 drivers and dockworkers as it merges its Yellow Transportation and Roadway carriers, a 15 percent reduction in its 25,000 employees, a company spokeswoman said Wednesday.
kansascity.com (Free subscription) | 10/28/2008
Bob Walters, president of Freight Management Inc., received a visit from YRC Worldwide Inc. representatives last week at his Anaheim, Calif., office. What he heard about YRC's plan to merge its biggest trucking companies concerned him.
kansascity.com (Free subscription) | 10/28/2008
More then 3,700 drivers and dock workers for YRC Worldwide Inc. could lose their jobs under a plan to merge its two national carriers, the chairman of the company said last week.
