|Bid||6.14 x 900|
|Ask||7.07 x 1400|
|Day's Range||6.52 - 7.22|
|52 Week Range||2.41 - 11.76|
|Beta (3Y Monthly)||5.07|
|PE Ratio (TTM)||11.08|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Teamsters union said tonight that its negotiators have reached a tentative collective bargaining agreement with less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) covering some 20,000 unionized workers at the Overland Park, Kan.-based company's YRC Freight national unit and at regional carriers New Penn and Holland. The existing agreement will be extended through May 31 to allow the parties to finalize specific language and a few supplemental issues, as well as to allow the union's ratification process to take place, the Teamsters said tonight. Details of the agreement will not be released until they have been reviewed at two-person meetings with the union locals, the Teamsters said.
Inc., one of the biggest trucking companies in the U.S., and the Teamsters union are coming down to the wire in contract talks in one of the last areas of unionized operations in truck transportation. The International Brotherhood of Teamsters represents more than 24,000 YRC employees, or about 78% of the drivers, freight handlers and other workers at the company, whose subsidiaries mostly provide less-than-truckload service combining multiple shipments onto single trucks for retail and manufacturing customers. The agreement between the Teamsters and three YRC companies expires March 31, after a string of recent deals struck between the union and other carriers.
An Overland Park-based business received top recognition from Walmart, landing on a list of only six companies.
New Penn Motor Express, the Northeast U.S. unit of less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW), will maintain terminal operations in Rochester, New York and Milton, Pennsylvania rather than shutter them as part of a proposed change to its network, according to two sources. During the first week of February, Lebanon, Pennsylvania-based New Penn filed a required "change of operations" with the International Brotherhood of Teamsters union to close its Rochester terminal and consolidate its operations there at Buffalo and Syracuse, and to shut the Milton terminal, 50 miles north of Harrisburg, and spread the freight around to four locations in the general area.
The federal government has failed to support its claim that less-than-truckload (LTL) carrier YRC Freight, as well as Yellow Transportation and Roadway Express deliberately overcharged the U.S. Department of Defense (DoD) over a seven-year period. According to the carriers, the government continued to do business with them even though it understood the policies at the heart of the dispute, they said in asking a federal district court to dismiss the government's case.
Last month when IPS Worldwide, an Ormond Beach, Florida-based freight audit and payment services provider, filed a petition for Chapter 11 bankruptcy protection, details were somewhat scanty. A payments company with assets worth less than $50,000 had managed to accrue liabilities of between $100 million and $500 million, according to the filing. IPS Worldwide had gross revenues of approximately $9 million in 2018, according to a court document filed by the company, and about 32 employees.
Warning! GuruFocus has detected 1 Warning Sign with YRCW. For the last quarter YRC Worldwide Inc reported a revenue of $1.2 billion, compared with the revenue of $1.2 billion during the same period a year ago. For the last five years YRC Worldwide Inc had an average revenue growth rate of 0.3% a year.
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New Penn Motor Express, the Northeast U.S. unit of less-than-truckload carrier YRC Worldwide, Inc. (NASDAQ: YRCW) notified the Teamsters union last week it plans to make four changes to its network operations, moves that come as YRC and the Teamsters continue talks to replace the current five-year collective-bargaining agreement that expires March 31. The proposed "change of operations," which Lebanon, Pa.-based New Penn must file with the Teamsters before implementation, would allow the regional carrier to shut its terminal in Rochester, N.Y. and consolidate operations there at terminals in Buffalo and Syracuse.
YRC Worldwide Inc (NASDAQ: YRCW ) posted a strong operating quarter and full year 2018. But when looking at that company, one needs to first check out its debt levels, and there was improvement on that ...
YRC (YRCW) delivered earnings and revenue surprises of -50.00% and 0.35%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Overland Park, Kansas-based company said it had profit of 64 cents. Earnings, adjusted for non-recurring gains, came to 6 cents per share. The trucking company posted revenue ...
YRC (YRCW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The companies that comprise less-than-truckload carrier YRC Worldwide, Inc. (NASDAQ: YRCW) and the Teamsters union began the first formal step this week to reach a collective bargaining agreement when they met to exchange non-economic proposals, the Teamsters said today. The union declined to comment on the specifics of the proposals other than to say they covered "national language items." Negotiations are scheduled to resume in early January, the Teamsters said.
In the late 1990s, YRC Worldwide, Inc., (NASDAQ: YRCW) then known as Yellow Corp., was considered by some the gold standard of freight inspection among less-than-truckload carriers. One long-time LTL executive who never worked at YRC recalls it being a leader in freight inspection practices, with between 80 to 90 people in its weigh and research department committed to doing inspections right. The US government would beg to differ on the executive's impression of YRC's competence and integrity.
For more than 7 years, less-than-truckload carrier YRC Freight and two related carriers inflated the weight of shipments tendered by the Pentagon, billed the shipper using improper rates, and falsified statements in a bid to conceal their actions, the Justice Department said today in bringing suit against the companies. The DOJ alleged the three carriers, YRC Freight, Yellow Transportation, and Roadway Express, billed the Pentagon based on shipment weights that were higher than the actual weight of the goods that moved. The practice was systemic, and the three carriers "knowingly made or used false statements" to hide their practices, according to the suit.
A suit filed by the government says units of the Overland Park-based trucking company overcharged. The company disputes the allegation.
Out of thousands of stocks that are currently traded on the market, it is difficult to determine those that can really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
YRC Worldwide Inc. (Nasdaq: YRCW) missed Wall Street analyst expectations for the third quarter as its regional carrier business underperformed. Chief executive Darren Hawkins says the driver shortage forced the less-than-truckload carrier to turn away customers during the quarter. The Overland, Kansas-based YRC saw revenue grow year-on-year 4 percent to $1.3 billion, while net income stayed flat at $2.9 million for the quarter.