YRC articles & resources on Made-in-China.com

Takaharu Fushimi Returned to U.S. to Assume His Post as CEO of Yokohama Corp.

Oct 9, 2014

Takaharu Fushimi has returned to the U.S. to assume his post as CEO of Yokohama Corp. of North America. Yokohama Rubber Co., Ltd. (YRC) announced the return of Takaharu Fushimi to the United States to assume the post of chief executive ...

Tags: Takaharu Fushimi, CEO, Accessories

Old Dominion Freight Line Will Increase Its Base Rates by an Average of 4.3 Percent

Apr 17, 2014

Come May 1, less-than-truckload carrier Old Dominion Freight Line will increase its base rates by an average of 4.3 percent, the company announced. "Our customers are asking for more capacity, and more value added products and services. ...

Tags: Transportation, Auto Parts

YRC Reported Fourth-Quarter Net Income of $400,000

Mar 4, 2014

YRC Worldwide Inc. reported fourth-quarter net income of $400,000, compared with a $35.3 million loss in the prior year period, helped by an income tax benefit. The company’s operating results, however, were worse than the ...

Tags: Yrc, Transportation, Yrc Transportation

YRC Has Completed $1.15 Billion in New Financing, Including Term and Asset-Backed Loans

Feb 14, 2014

YRC Worldwide Inc. said it has completed $1.15 billion in new financing, including term and asset-backed loans that will reduce borrowing costs by $40 million to $50 million annually and extend debt maturities to 2019. The $700 million ...

Tags: Transportation

YRC Teamsters Voted to a Four-Year Contract Extension Through 2019

Feb 10, 2014

Teamsters union members at YRC Worldwide Inc. voted to a four-year contract extension through 2019, which the carrier called a “key ingredient” toward refinancing $1.4 billion in debt. The result was announced Jan. 26 after ...

Tags: YRC, Teamsters union

YRC, Teamsters Reached a Tentative New Labor Agreement to Help The Carrier

Jan 20, 2014

YRC Worldwide and the Teamsters union said late Jan. 17 that they have reached a tentative new labor agreement to help the carrier deal with its debt and financial situation. The company said the plan extends the contract to 2019 as it ...

Tags: YRC, Teamsters, New Deal

YRC Is Evaluating New Approaches to Its Long-Term Contract Situation

Jan 17, 2014

YRC Worldwide Inc. said is evaluating new approaches to its long-term contract situation in talks with the Teamsters union after last week’s rejection of an extension that would have solidified the carrier’s financial situation. ...

Tags: financial situation, Transportation

YRC Worldwide's Truck Drivers,Workers Have Rejected Expansion of Labour Contract

Jan 13, 2014

YRC Worldwide's truck drivers and other employees, represented by Teamsters Union, have rejected a proposal to extend the current labour contract to 2019. Members voted over the past several weeks and ballots were counted Thursday. The ...

Tags: Transportation, Auto Parts

YRC Rejected a Contract Extension Which Was Crucial to Refinancing Its Debt

Jan 13, 2014

YRC Freight Teamsters at YRC Worldwide Inc. rejected a contract extension that the company said was crucial to refinancing its debt and ensuring long-term stability. The union announced the results of the vote late Jan. 9. A total of ...

Tags: YRC, contract extension, refinancing, teamsters, vote

YRC Worldwide Hopes to Borrow $1.15 Billion to Refinance Its Debt

Jan 9, 2014

One of the world's largest LTL carriers, the financially-troubled YRC Worldwide, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News. Bloomberg News reports the deal, led by Credit Suisse Group AG, includes a ...

Tags: Trucking News, Trucking, Truck Giant

Steve O'kane Is Retiring This Month, and Randy Swart Was Named Chief Operating Officer

Jan 8, 2014

A. Duie Pyle Cos. President Steve O'Kane is retiring this month, and Randy Swart was named chief operating officer to lead the less-than-truckload operation. The company, based in West Chester, Pa., said in a Jan. 7 statement that the ...

Tags: A.Duie Pyle Cos., Steve O'Kane, retirement, Randy Swart

Carlyle Group Has Invested $55.2 Million in Connection with YRC Worldwide Inc.'s Recently

Jan 2, 2014

Carlyle Group Inc. said it has invested $55.2 million in connection with YRC Worldwide Inc.'s recently announced agreement to reduce its debt load. The investment company, one of the carrier's five largest investors, disclosed that it has ...

Tags: Carlyle Group, YRC Worldwide, investment, debt agreement

YRC Has Reached an Agreement with Some of Its Creditors to Reduce Its Debt

Dec 27, 2013

YRC Worldwide Inc. has reached an agreement with some of its creditors to reduce its debt by about $300 million, a move the carrier said is a key to obtaining new concessions from the Teamsters union. As a result of the agreement, YRC's ...

Tags: YRC Worldwide, Teamsters union, reduce debt

Superstorm Sandy Continue to Make Life Difficult From Nova Scotia to North Carolina

Nov 28, 2012

As the remnants of Superstorm Sandy continue to make life difficult from Nova Scotia to North Carolina to Wisconsin, millions who bore the brunt of the storm are now working to assess the damage and begin the hard work of rebuilding. As ...

Tags: Superstorm Sandy, economic damage, ALAN, supply chain

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