YRC Worldwide

YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.

YRC Worldwide announces that it plans to receive a $700 million loan under the CARES Act.

No one is talking as YRC’s already extended healthcare benefits are nearing expiration. Coverage is set to expire in early July.

YRC Worldwide’s midquarter report was worse than that of its peers and adds to industry speculation that some shippers could be avoiding the carrier.

ArcBest joins other less-than-truckload carriers seeing a May rebound from April lows. A 10% stock bump from a rating upgrade holds into the second trading session.

While less-than-truckload volumes may not have rebounded sequentially from April, one sell-side analyst sees acceleration in recent weeks as bullish for the industry.

The payments have two weeks down, with company in arrears on payments

Stifel’s David Ross announces that he is suspending his rating and estimates on YRC Worldwide and questions the company’s ability to survive.

YRC beats expectations with the benefit of outsized gains on sales. Noting volumes were down 24% in April, management says it likely won’t satisfy debt covenants into 2021 and it opts out of questions on its call.

With the belt tightened at YRC, a covenant waiver and benefits contribution deferral are still required.

Prominent transportation leaders are part of a business task force offering ideas on when and how to lift coronavirus restrictions.

Activist investor Barna Capital seeks to swap out YRC Worldwide board members and make non-executive level changes in management.

Tonnage headwinds and better yields are the story so far in 2020. Old Dominion Freight Line reports modest revenue decline.

Old Dominion Freight Line announces a 4.9% general rate increase after reporting market stabilization in January.

YRC posts weak fourth-quarter, hampered by bad economy

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New Penn Motor Express files change of operations proposal with union to obtain additional workers at three new regional velocity centers.

The former chief customer officer for YRC Worldwide will work with 8VC portfolio companies full-time.

YRC’s third quarter earnings show weakness at regionals, some resiliency at YRC Freight

YRC merges terminals in northern Michigan in first step of network optimization plan since landing new financing