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YRC Worldwide Regional Companies Successfully Re-Validate Certification in the U.S. Customs-Trade Partnership against Terrorism (C-TPAT) Program. All eligible YRC Worldwide subsidiaries continue to provide customers with a more secure supply chain, faster Canadian border crossing.
YRC Worldwide sold the dedicated contract carriage piece of its logistics business to Greatwide Logistics Services yesterday for $34 million....
OVERLAND PARK, Kan., Nov. 24 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW - News) announced today that its regional subsidiaries Holland, Reddaway and New Penn have
http://finance.yahoo.com/news/YRC-Worldwide-Regional-prnews-1878982713.html?x=0&.v=1
Enhanced their northbound and southbound service between the US and Canada by reducing transit times in 5,500 lanes
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OVERLAND PARK, Kan., Nov 24, 2009 /PRNewswire-FirstCall via COMTEX/ --
YRC Worldwide Inc. (Nasdaq: YRCW) announced that its YRC Logistics segment has sold its U.S. dedicated contract carriage business to Greatwide Logistics Services, LLC (Greatwide), a leading provider of dedicated services in North America. The sale includes customer contracts and the trucks and trailers used in this portion of the YRC Logistics portfolio.
"This sale is a strategic move toward a more asset-light business model and aligns resources at YRC Logistics to focus on our core offerings, including transportation, distribution and global services," said John Carr, president of YRC Logistics.
In addition to strengthening the operational focus at YRC Logistics, the sale supports the YRC Worldwide comprehensive strategic plan, which includes positioning the operating companies for future success.
"We have met with the clients involved," Carr said, "and their response has been very supportive. They realize the dedicated fleet service is an integral part of the Greatwide portfolio and they understand this decision is the right thing for everyone involved."
There are approximately 600 employees involved in the transaction; Greatwide is working with YRC Logistics to simplify employee transition from one company to the other. The purchase price of $34 million will be used to pay down the company's revolving credit facility and, in accordance with the recent amendment, will be applied to the new revolver reserve.
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit yrcw.com for more information.
Investor Contact: Media Contact: Paul Liljegren Suzanne Dawson YRC Worldwide Inc. Linden Alschuler & Kaplan 913.696.6108 212.329.1420 Paul.Liljegren@yrcw.com sdawson@lakpr.com
SOURCE YRC Worldwide
http://www.yrcw.com
Tags: business commercial contract industrial kansas local media nasdaq north america president retail ship transportation
Companies: YRC Worldwide Inc (YRCW)
Nov 24, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for YRC Worldwide (NASDAQ:YRCW) on October 19, 2009 at $3.95.
Since then, YRC Worldwide has returned 70.4% as of today's recent price of $1.17. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nasdaq profit securities trial
Companies: YRC Worldwide Inc (YRCW)
OVERLAND PARK, Kan., Nov 24, 2009 /PRNewswire-FirstCall via COMTEX/ --
YRC Worldwide Inc. (Nasdaq: YRCW) announced today that its regional subsidiaries Holland, Reddaway and New Penn have successfully completed their re-validation in the U.S. Customs-Trade Partnership against Terrorism (C-TPAT) program. Participation in this and other programs for shipment security provides customers with faster border clearance for their goods in addition to a more secure supply chain, dedicated lanes and a strong U.S.-Canadian Customs partnership.
All eligible YRC Worldwide subsidiaries, including YRC and YRC Reimer in Canada, are border-security compliant and certified in the C-TPAT program as well as the Canada Partners in Protection (PIP) program; the Free and Secure Trade (FAST) program of the Canadian and U.S. governments; and the Customs Self-Assessment (CSA) program. Holland was the first YRC Worldwide transportation provider to receive the C-TPAT certification.
"As an industry leader, YRC Worldwide is at the forefront of the changes taking place at North America's borders," said Mike Smid, president - YRC Inc., and chief operations officer - YRC Worldwide. "We see a greater responsibility not to simply stay current with certifications, but also to help evolve the standards. We've worked with federal agencies to develop transportation requirements for programs - like C-TPAT - that improve supply-chain security while keeping our borders open to legitimate trade."
To participate or receive more information, customers should contact their account representative. In addition, YRC customers may visit http://www.yrc.com/homeland and YRC Regional customers may visit http://yrcregional.com/services/borderSecurity.shtml for more information.
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit www.yrcw.com for more information.
Media Contact: Suzanne Dawson
Linden, Alschuler & Kaplan
212.329.1420
sdawson@lakpr.com
Web site: www.yrcw.com
Follow YRC Worldwide on Twitter: http://twitter.com/yrcworldwide
SOURCE YRC Worldwide Inc.
http://www.yrcw.com
Tags: canada commercial federal industrial kansas local media nasdaq north america partnership president retail security ship terrorism trade transportation web
Companies: YRC Worldwide Inc (YRCW)
Nov 17, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for YRC Worldwide (NASDAQ:YRCW) on October 19, 2009 at $3.95.
Since then, YRC Worldwide has returned 70.4% as of today's recent price of $1.17. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nasdaq profit securities trial
Companies: YRC Worldwide Inc (YRCW)
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ICICI Bank profit dropped unexpectedly as bonds slumped; ICICI Bank's bond and equity portfolios lost value, bad loans rose in 10; Analysis by Chanda Kochhar, Chief Financial Officer of ICICI http://www.clipsyndicate.com/video/playlist/1998/654253/?cpt=8&wpid=523
http://www.zibb.com/article/3666523/Video+ICICI+Bank+s+Profit+Falls
YRC Worldwide Announces Organizational Changes 01.15.2007 Yellow and Roadway to be led by a single management team; and Enterprise Solutions Group established.
YRC Regional Transportation consists of Holland, Reddaway, and New Penn. Together, the YRC Regional Transportation companies deliver nationwide services in the next-day, second-day and time-sensitive markets, which are among the fastest-growing transportation segments.
FedEx Corp. is expected to announce as early as June 1 that it’s buying Watkins Motor Lines, the United States’ largest privately run less-than-truckload (LTL) carrier. Watkins, including subsidiaries SunCo Carriers Inc., an LTL reefer service, Watkins Canada Express Inc.
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YRC Worldwide to Present at Stephens Conference www.prnewswire.com. OVERLAND PARK, Kan., Nov. 16 /PRNewswire-FirstCall/ -- Bill Zollars, Chairman and CEO, Sheila Taylor, CFO, and ...
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