February 28, 2015 10:21 PM ET

Road and Rail

Company Overview of YRC Freight Inc.

Company Overview

YRC Freight Inc. provides less-than-truckload transportation services. It transports industrial, commercial, and retail goods for businesses. Its services include freight shipping services; and transportation for volume shipments, tradeshow exhibits, cold-sensitive products, and product returns. The company also provides transportation and logistics solutions for import and export shipments. It provides transportation services in North America, including Canada; Mexico; and the United States, including Alaska, Hawaii, Guam, the U.S. Virgin Islands, and Puerto Rico. The company also operates an online store that offers accessories, apparel, docks, hats, office products, sports and leisure pro...

10990 Roe Avenue

Overland Park, KS 66211-1213

United States

Founded in 1930

Phone:

913-696-6100

Fax:

913-696-6122

Key Executives for YRC Freight Inc.

President
Age: 44
Chief Financial Officer and Senior Vice President
Age: 50
Chief Operations Officer
Age: 63
Chief Executive Officer of YRC North American Transportation, President of YRC North American Transportation and Chief Operations Officer YRC Worldwide
Age: 58
Director of Finance
Compensation as of Fiscal Year 2014.

YRC Freight Inc. Key Developments

YRC Freight Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

YRC Freight Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue was $795.5 million, an $18.8 million increase over the $776.7 million reported in the fourth quarter of 2013. Operating income increased $39.9 million, from an operating loss of $15.4 million, to operating income of $24.5 million, and adjusted EBITDA increased $26.6 million, from $17.4 million in the fourth quarter of 2013 to $44.0 million in 2014. For the full year, the company reported operating revenues were $3,237.4 million compared to $3,136.8 million for the same period a year ago. Operating income was $0.5 million compared to operating loss of $31.2 million for the same period a year ago. Adjusted EBITDA was $99.8 million compared to $105.2 million for the same period a year ago.

YRC Freight to Upgrade Three Terminals to Full Distribution Centers, Including its Facility at 3310 Gill Road in Southwest Memphis

YRC Freight will upgrade three terminals to full distribution centers, including its facility on 246 acres at 3310 Gill Road in Southwest Memphis. The upgrade comes after YRC closed 29 terminals nationwide and downgraded its Memphis center, laying off 175 local employees, as part of a "network optimization plan." The company says upgrading the terminal will create "new efficiencies" and improved customer service. The other terminals being upgraded are in Houston and Seattle.

YRC Freight Inc. Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2014

YRC Freight Inc. reported unaudited earnings and production results for the first quarter ended March 31, 2014. For the period, the company reported operating revenue of $756.8 million against $753.8 million a year ago. Operating loss was $32.5 million against income of $2.4 million a year ago. Adjusted EBITDA was $3.7 million against adjusted EBITDA of $33.6 million a year ago. For the period, total tonnage per day was 26,130 against 25,690 a year ago. Total shipments per day were 44,000 against 44,230 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 14, 2015
YRC Inc., Route 715 Site in Tannersville
 

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