YRC Worldwide Inc. said May 1 its first-quarter loss nearly tripled due to factors such as winter weather and claims costs.
The less-than-truckload carrier’s loss widened to $70.2 million, or $3.95 per share, from $24.5 million, or $2.93, a year ago.
Click here to read more at Transport Topics.
Most of Yellow’s terminal properties closed at auction on December 4, with XPO the biggest buyer, paying $870 million or nearly half of the $1.9 billion that the 128 properties yielded. XPO bought 28 properties and Estes bought 24.
Hear from UPS Teamsters and guest speaker Teamsters General President Sean O'Brien about moving from contract campaign to contract enforcement this Sunday, December 10 at 12 PM EST/11 AM CT/10 AM MT/9AM PT. Register now.
