YRCW Yellow Corporation

YRC Freight Expands Regional Next-Day Service in the Mid-Atlantic Region

YRC Freight Expands Regional Next-Day Service in the Mid-Atlantic Region

Leveraging National Coverage and Regional Next-Day Track-Record, Carrier Advances Super-Regional Network

OVERLAND PARK, Kan., Feb. 01, 2021 (GLOBE NEWSWIRE) -- YRC Worldwide, Inc. (NASDAQ: YRCW) announces the expansion of YRC Freight’s Regional Next-Day Service with the addition of more lanes in the Mid-Atlantic region of the United States. This extension of YRC Freight’s Regional Next-Day service is another evolution in the Company’s enterprise transformation toward one company, one network and one operating platform.

Now, 13 terminals: Hagerstown and Baltimore, M.D.; Richmond, Manassas, Norfolk, Roanoke and Staunton, V.A.; Washington, D.C.; Wilmington, D.E.; and Raleigh, Wilson, Winston-Salem and Fayetteville, N.C. will offer Regional Next-Day service, with Richmond as a hub for the region.

“Through Regional Next-Day service, we’ve enhanced operations to offer what customers want most – faster transit times and lower costs,” said Scott Ware, Chief Network Officer.

This new Regional Next-Day service area builds on the Company’s 2019 rollout of Regional-Next Day in Texas and in the Little Rock, Ark. and Mid-South region in 2020.

“We’re excited to continue streamlining and optimizing operations for the benefit of our customers, as we continue building an unmatched super-regional network,” said Ware.

YRC Freight is currently performing at or above best-in-class competitors with a nearly 99% on-time performance and a claims ratio of 0.13%.

“YRC Freight’s superior Regional Next Day Service offers our customers lower costs by handling less inventory, faster transit times and more streamlined supply chains, as well as fewer damages from less freight handling,” said Jason Bergman, Chief Commercial Officer. “We remain obsessive about providing safe, fast, reliable and high-quality service to our customers. And this is backed by our greater on-time performance where we offer Regional Next-Day.”

Learn more at .

About YRC Worldwide

YRC Worldwide Inc. has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through its teams of experienced service professionals, the YRC Worldwide companies offer industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. YRC Worldwide, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including , , , and , as well as the logistics company .

Please visit our website at for more information.

Investor

Contact:
Tony Carreño

(913) 696-6108 

  
Media

Contact:
Mike Kelley

913-696-6121

  







SOURCE: YRC Worldwide



EN
01/02/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Yellow Corporation

 PRESS RELEASE

Yellow Corporation Reports Second Quarter 2023 Results

Yellow Corporation Reports Second Quarter 2023 Results NASHVILLE, Tenn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for the second quarter ended June 30, 2023. Operating revenue was $1.127 billion and operating income was $38.9 million which included a $75.9 million gain on property disposals. In comparison, operating revenue in the second quarter of 2022 was $1.424 billion and operating income was $99.2 million which included a $3.2 million net gain on property disposals. Net loss for second quarter 2023 was $14.7 million, or $0.28 per share, co...

Moody's downgrades Yellow's PDR to D-PD following bankruptcy filing

Moody's Investors Service (Moody's) downgraded Yellow Corporation's ("Yellow") Probability of Default Rating ("PDR") to D-PD from Ca-PD. Moody's affirmed Yellow's Corporate Family Rating ("CFR") at Caa3 and senior secured term loan rating at Caa1. The outlook remains negative. There was no change to...

 PRESS RELEASE

Yellow Corporation Files Voluntary Chapter 11 Petitions

Yellow Corporation Files Voluntary Chapter 11 Petitions International Brotherhood of Teamsters Drives Nearly 100-Year-Old Company Out of Business 30,000 American Jobs Lost NASHVILLE, Tenn., Aug. 06, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) and certain of its direct and indirect subsidiaries (collectively, the “Company” or “Yellow”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for the Company’s ...

 PRESS RELEASE

Yellow Logistics, a Third-Party Logistics Broker and Subsidiary of Yel...

Yellow Logistics, a Third-Party Logistics Broker and Subsidiary of Yellow Corporation, Flourishes as Shippers and Vendors Turn to 3PL Logistics Providers NASHVILLE, Tenn., July 27, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) is exploring opportunities to divest its successful 3PL, Yellow Logistics, Inc., and is currently engaged with multiple interested parties regarding the sale of its independent Third-Party Logistics organization. The discussions are active and ongoing. Yellow Logistics is a customer-specific logistics solution provider that specializes in truckload, re...

 PRESS RELEASE

Yellow Corporation Response to U.S. District Court for the District of...

Yellow Corporation Response to U.S. District Court for the District of Kansas Ruling Company Intends to Continue Breach of Contract Case Against International Brotherhood of Teamsters in Federal Court NASHVILLE, Tenn., July 21, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) regrets that Senior Judge Julie A. Robinson of the U.S. District Court for the District of Kansas denied the Company’s motion on jurisdictional grounds. The Company, represented by Marc E. Kasowitz and Ron Rossi, partners at Kasowitz Benson Torres LLP, intends to appeal the ruling. The court, recognizing...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch