YRC Worldwide

Forward Air announced it has hired two-time YRC Worldwide chief financial officer Jamie Pierson.

Yellow Corp. announced it has reached a settlement with the Defense Department, which claimed it was overcharged by the less-than-truckload carrier for years.

A Democrat-led committee investigating Yellow’s $700 million Treasury loan suggests the Trump administration was involved in the approval process.

The latest report from the congressional oversight commission monitoring COVID relief loans shows Yellow Corp. may not have been as “critical to maintaining national security” as once thought. The report also calls into question the company’s increased spend on lobbying efforts ahead of the loan.

The Defense Department lawsuit from 2018 is continuing even as the federal government has taken a stake in the LTL carrier.

The Teamsters’ Central States Pension Fund could be saved through the COVID-19 relief package.

Yellow Corp. is back. The holding company formerly known as YRC Worldwide has gone back to its roots. However, fourth-quarter results missed analysts’ expectations at a net loss of 37 cents per share.

YRC announced Monday the further expansion of its regional next-day service at YRC Freight. This rollout will make the service available out of 13 terminals throughout the mid-Atlantic.

The latest request from the congressional commission overseeing COVID-relief loans seeks pricing information from the Defense Department for all less-than-truckload shipments, including those performed by YRC Worldwide.

Deutsche Bank’s December geofencing data suggests LTL volumes continued the positive trends seen in the first two months of the fourth quarter.

In today’s edition of The Daily Dash, YRC’s government loan is coming under increased scrutiny. Plus, the 20 Best Fleets to Drive For are named and a bill to allow truck drivers to carry a concealed weapon has been introduced in Congress.

A congressional oversight report highlights flaws in the Defense Department’s designation of less-than-truckload carrier YRC Worldwide as a company vital to national security.

In today’s edition of The Daily Dash, shipments designed to test the COVID supply chain identified some potential delivery issues. Plus, U.S. Treasury Secretary Steve Mnuchin said he would not have made a $700 loan to YRC Worldwide and trucking safety groups have concerns about possible exemptions for vaccine deliveries.

Treasury Secretary Steven Mnuchin had his day in court so to speak. He said he stands behind the YRC loan and others made, noting that many lawmakers wished Treasury had taken on more risk.

ArcBest sees asset-based revenue continue positive streak in November. This is the fourth LTL carrier to report improving trends in the quarter.

YRC Worldwide reports 3% year-over-year increase in November revenue, following a modest decline in October. The company’s overall trends are still lagging those of some competitors.

In today’s edition of The Daily Dash, YRC’s loan is facing scrutiny from Congress, plus LTL tonnage is on the rise and prosecutors ask for the reinstatement of the conviction of former Pilot CEO Mark Hazelwood and two others.

A commission hearing regarding concerns over CARES Act loans made to businesses “critical to maintaining national security” will likely shed more light on the rationale behind the $700 million Treasury loan to YRC.

YRC head Darren Hawkins has “a lot of confidence” heading into 2021. Network restructuring initiatives are expected to be greatly advanced as the carrier starts accepting delivery of new equipment.

Garner Transportation Group president and CEO is the second woman to chair the American Trucking Associations.