YRCW 2013 Results

February 28, 2014: YRCW announced their 2013 annual and fourth quarter numbers and it’s clear that the regional carriers are pulling their weight. Operating profits were up to $22.7 million in 2013 for the regionals – Holland, New Penn, and Reddaway - while YRC Freight posted a 2013 loss of $15.4 million. YRC claimed losses due to weather, workers’ compensation claims, and weaker rates.

In late 2013, Jeff Rogers was removed as president of YRC Freight. He has been replaced by Darren Hawkins – formerly senior VP of sales and marketing at the company. CEO James Welch had held the post briefly prior to the change.

Upper management clearly needs a better plan to right the ship at YRC Freight. Teamster members have made countless sacrifices since 2009. James Welch needs to stop pointing fingers like he did in his February 14 letter to Teamsters. The focus needs to be on issues with YRC Freight management and operations – not the thousands of Teamsters who have done their part.

See article in Transport Topics.

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