Anatomy of a Turnaround: YRC Worldwide

David McCann
CFO
February 11, 2015

This is the first in a series of six articles about the volatile financial misfortunes and turnaround of trucking company YRC Worldwide. See parts twothreefourfive and six.

If there were a Comeback Player of the Year award for corporate performance, YRC Worldwide might have taken home the trophy for 2014. Not that the $5 billion trucking company is now a superstar — far from it. Rather, such recognition would be testimony to how low YRC had sunk.

After years of finance jockeying that barely kept the company from tripping into bankruptcy, its footing is relatively secure now. A smorgasbord of entwined elements converged in the rescue: a new labor deal, a deft debt restructuring, an equity offering that allowed for debt paydown, an operational downsizing, the improving economy, and plain luck.

Click here to read more.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Hoffa Strikes out on Corruption Once Again

James Hoffa has done it again. Today, Hoffa rubber-stamped another whitewash of the corruption charges against Willie Smith for accepting $6,000 worth of gifts from a Teamster employer. The case will now go to the Independent Review Officer (IRO), Judge Barbara Jones. 

More Coli Corruption Fallout in Chicago

In the wake of John Coli's indictment on the charge of taking employer payoffs, Illinois Joint Council 25 has dumped his hand-picked replacement Becky Strzechowski and appointed Terry Hancock as Joint Council 25 president. 
View More News Posts