YRC Worldwide, whose four operating trucking company units control 10% of the $46 billion less-than-truckload (LTL) sector, continued to lose money in the second quarter. But those losses may soon be a thing of the past. YRC, citing its strategic position as a key carrier for the Defense Department, recently secured $700 million in financial aid from the federal government in exchange for a 30% stake in the company.
Source: logistics Mgmt
YRC Worldwide loss widens in Q2, but ‘a new day’ is on the way
More from News, Logistics, 3PL, Transportation, Motor Freight,More posts in News, Logistics, 3PL, Transportation, Motor Freight, »
- ATA reports February truck tonnage increase
- Biggest gets bigger: Knight-Swift buying USX for $808 million in huge TL deal
- ATA has ‘grave concerns’ that EPA may allow California-type air quality rules on heavy trucks
- FTR Trucking Conditions Index shows solid sequential improvement, to start 2023
- DAT Truckload Volume Index sees February declines
Be First to Comment