October 8, 2009: A U.S.-based shipping company is shutting down its operations in Edmonton Oct. 31 after its unionized employees refused to take cuts in their wages and benefits, says the company's Canadian president.
"It's a tough economy and people have to realize this," said YRC Reimer Canadian president Clayton Gording.
Click here to read more at the Edmonton Sun.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
