yrc

Government, Business

YRC Freight Asks Federal Judge to Dismiss Government's False Claims Lawsuit

YRC YRC Freight

Attorneys for YRC Freight Inc. have asked a federal judge to dismiss a U.S. Department of Justice civil lawsuit alleging that the company overcharged the federal government on shipments, stating that the plaintiff has failed to build a sufficient case despite years of investigation.

Eric Miller | Staff Reporter
February 21, 2019
Business

YRC Worldwide Reports 4Q Profit, Bounces Back From 2017

YRC Worldwide A YRC Freight truck. (John Sommers II for Transport Topics)

YRC Worldwide posted fourth-quarter 2018 net income of $21.8 million or 66 cents a share, a significant improvement compared with the year-ago period, when it lost $7.5 million and had a loss per share of 23 cents.

Dan Ronan | Associate News Editor
February 6, 2019
Business, Top 100

YRC Worldwide Provides Mixed Initial Look at 4Q Earnings

YRC Worldwide YRC Worldwide Inc.

YRC Worldwide Inc., a holding company for less-than-truckload carriers, in its initial look at fourth-quarter results forecast flat operating revenue with operating income possibly coming in more than twice as high as a year earlier.

January 14, 2019
Business

YRC CEO James Welch to Retire in 2018

YRC's Welch (left), Hawkins YRC's Welch (left), Hawkins

YRC Worldwide CEO James Welch will retire on July 31, 2018, the less-than-truckload carrier announced Dec. 13.

Transport Topics
December 13, 2017

YRC Removes Interim Tag From Stephanie Fisher's CFO Title

YRC Worldwide Inc. removed the interim tag on Chief Financial Officer Stephanie Fisher’s title, officially announcing her as the successor after Jamie Pierson resigned from the post at the end of 2016.

Ari Ashe | Staff Reporter
May 17, 2017
TCA

YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doubles

Americasroof/Wikimedia

Overland Park, Kan.-based YRC Worldwide Inc. said that its financial loss doubled in the first quarter and that it cut 180 management and other nonunion jobs in a streamlining effort to make the trucking business more efficient.

Mark Davis | The Kansas City Star
May 8, 2017
Business

YRC Worldwide Loses $25.3 Million in First Quarter, Misses Analyst Estimates

YRC Worldwide

YRC Worldwide Inc. lost more than double the amount of money than it did a year ago, marking 10 consecutive years the less-than-truckload carrier ended the first quarter in the red.

Ari Ashe | Staff Reporter
May 4, 2017
Business

YRC Worldwide Loses $7.8 Million in Fourth Quarter

YRC Freight

YRC Worldwide Inc. posted a net loss of  $7.8 million in the fourth quarter, better than $23.5 million in the red from the same period in 2015, but the carrier still fell short of industry analysts' expectations.

Transport Topics
February 6, 2017
TCA

YRC Chief Financial Officer Jamie Pierson Resigns

YRC Freight

The chief financial officer of YRC Worldwide Inc., Jamie Pierson, has resigned, effective at the end of the year, to work for an unidentified company near his home in the Dallas area.

Mark Davis | The Kansas City Star
November 28, 2016
Business

YRC Opens Freight Terminal Near Atlanta

YRC Worldwide

YRC Worldwide has opened a new freight terminal in Conley, Georgia, just south of Atlanta, with 60 new employees, the company announced on an Oct. 27 earnings call.

Transport Topics
October 31, 2016

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