International Business News - YRCW http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The chief executive of the country's largest trucking company by revenue said Thursday he expects a proposed union wage reduction and other planned cost savings to be "more than enough to ride out the economic downturn." http://www.ibtimes.com/articles/20081204/ceo-says-pay-and-cost-cuts-will-keep-yrc-going.htm Thu, 04 Dec 2008 18:15:56 EST Teamsters leaders voted Wednesday for union workers at trucking company YRC Worldwide Inc. to take an immediate 10 percent pay cut to hold up the company's dwindling finances. http://www.ibtimes.com/articles/20081203/yrc-union-reach-tentative-deal-for-wage-cut.htm Wed, 03 Dec 2008 19:36:57 EST YRC Worldwide Inc. and the Teamsters on Friday announced a deal that the union said would provide "economic relief" to YRC, one of the world's largest trucking companies, which has been struggling with a dropoff in demand as the economy slows. http://www.ibtimes.com/articles/20081128/trucking-company-yrc-makes-deal-with-teamsters.htm Fri, 28 Nov 2008 17:28:24 EST A JPMorgan analyst lowered his 2009 estimates across the trucking sector Wednesday, noting growing weakness among companies already battered by a sour economy. http://www.ibtimes.com/articles/20081126/sector-snap-analyst-says-trucking-demand-wilting.htm Wed, 26 Nov 2008 11:45:30 EST Among the stock activity stories for Tuesday, Nov. 25, from AP Financial News: NEW YORK (AP)--Shares of Omniture Inc. sank Tuesday after an RBC Capital Markets analyst downgraded the stock to "Sector Perform," citing a drop in Internet traffic, a general squeeze on marketing budgets and competition from Google Inc. http://www.ibtimes.com/articles/20081125/movers-roundup-omniture-yrc-worldwide.htm Tue, 25 Nov 2008 14:43:06 EST Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081125/dr-horton-rio-tinto-analog-devices-big-movers.htm Tue, 25 Nov 2008 18:09:55 EST Shares of trucking company YRC Worldwide Inc. soared Tuesday after the company said it would pay off some of its debt through a tender offer and an analyst upgraded the stock. http://www.ibtimes.com/articles/20081125/yrc-worldwide-leaps-on-debt-payment-plan-upgrade.htm Tue, 25 Nov 2008 11:34:37 EST Total goods shipped by trucks in the U.S. fell 3 percent last month, a major industry trade group said, marking the fourth consecutive month-over-month decline. http://www.ibtimes.com/articles/20081124/goods-carried-by-us-trucks-declined-last-month.htm Mon, 24 Nov 2008 16:50:55 EST Trucking company YRC Worldwide Inc. said Thursday that ratings downgrades will require the company to collateralize its real estate and revenue equipment, which it valued at $1.5 billion. http://www.ibtimes.com/articles/20081120/yrc-says-downgrade-forces-collateralization-moves.htm Thu, 20 Nov 2008 10:51:48 EST The Federal Motor Carrier Safety Administration on Tuesday maintained a regulation that allows truck drivers to stay on the road for 11 hours in a row, rather than a limit of 10. http://www.ibtimes.com/articles/20081118/government-keeps-11-hour-limit-on-truckers-hours.htm Tue, 18 Nov 2008 16:01:18 EST Shares of less-than-truckload carriers fell Wednesday amid a slide in the broader market, as a Longbow Research analyst said the market for their services continued to deteriorate last month. http://www.ibtimes.com/articles/20081112/sector-snap-less-than-truckload-carriers.htm Wed, 12 Nov 2008 14:49:04 EST Moody's Investors Service lowered its ratings for trucking company YRC Worldwide Inc. on Wednesday, citing structural weaknesses in the Overland Park, Kan., company. http://www.ibtimes.com/articles/20081112/moodys-downgrades-yrc-worldwide-ratings.htm Wed, 12 Nov 2008 13:18:19 EST YRC Worldwide says it will cut 6 percent of its work force in a cost-reduction move. It's part of an accelerated plan to integrate the company's Roadway and Yellow Transportation units. http://www.ibtimes.com/articles/20081029/yrc-worldwide-to-cut-15-percent-of-work-force.htm Wed, 29 Oct 2008 16:56:33 EDT Shares of trucking companies held earlier gains Wednesday afternoon as the Federal Reserve cut a key interest rate by an expected half a percentage point to 1 percent--its lowest point in more than five years. http://www.ibtimes.com/articles/20081029/truckers-hold-earlier-gains-after-fed-rate-cut.htm Wed, 29 Oct 2008 14:48:42 EDT Trucking analysts at Goldman Sachs on Tuesday said they remain cautious on less-than-truckload companies even though many of them beat third-quarter expectations. http://www.ibtimes.com/articles/20081028/ahead-of-the-bell-goldman-cautious-on-truckers.htm Tue, 28 Oct 2008 09:09:57 EDT Railroads and trucking companies told very different stories in their third-quarter earnings reports, as rails continued fetch higher prices and truckers dealt with weak pricing and slumping demand. http://www.ibtimes.com/articles/20081027/rails-and-trucks-post-widely-different-3q-outcomes.htm Mon, 27 Oct 2008 18:22:14 EDT A Credit Suisse analyst on Monday slashed his fourth quarter and 2009 earnings forecast for trucking company YRC Worldwide Inc., citing the expected impacts of its consolidation plans and a further slowing of freight demand. http://www.ibtimes.com/articles/20081027/analyst-slashes-earnings-forecast-on-yrc-worldwide.htm Mon, 27 Oct 2008 15:54:16 EDT Among the earnings projection stories for Friday, Oct. 24, from AP Financial News: NEW YORK (AP)--The nation's largest trucking company, YRC Worldwide Inc., said Friday it is taking steps to pay down debt and preserve liquidity as pricing competition is increasing and demand is slowing in the fourth quarter. http://www.ibtimes.com/articles/20081024/outlook-roundup-yrc-worldwide-fortune-brands.htm Fri, 24 Oct 2008 18:32:44 EDT Standard & Poor's Ratings Services on Friday said it may downgrade YRC Worldwide Inc.'s credit rating on concerns the weak domestic economy will hurt the trucking company's earnings. http://www.ibtimes.com/articles/20081024/s-p-eyes-yrc-ratings-for-possible-downgrade.htm Fri, 24 Oct 2008 17:25:04 EDT The nation's largest trucking company said Friday it is taking steps to pay down debt and preserve liquidity as pricing competition is increasing and demand is slowing in the fourth quarter. http://www.ibtimes.com/articles/20081024/yrc-worldwide-to-pay-off-debt-preserve-liquidity.htm Fri, 24 Oct 2008 17:07:25 EDT