YRCWYellow Roadway Corporation Worldwide
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YRCW was chosen from a large group of many well-recognized carriers based on its high performance in a range of different qualitative and quantitative criteria.
"Progress at YRCW has not, or will not always be linear as we work to move the company profitably forward," said Welch.
The proposed operations changes were initially reported on a trucking industry message board, which had YRCW documentation regarding this initiative.
(NASDAQ: YRCW) shares rose 13.1% to close at $2.51.
As previously reported, Stifel analyst David Ross downgraded YRC Worldwide (YRCW) to Hold from Buy, stating that YRC has fallen short of expectations and not even gotten back to 2015-2016 levels of profitability despite it having been a strong LTL freight market all year.
Company officials said Rogers will be replaced by YRCW CEO James Welch.
Tickers featured: AAWW, EXPD, FDX, JBHT, UPS, YRCW. Complete text approximately 3000 words.
YRC Worldwide (YRCW) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra saying he believes continued pricing and yield improvement, renewal of YRC's aging fleet and opportunities to improve labor flexibility and driver productivity will drive better equity value.
In a statement, Welch says "our board and management believed then and believes now that the combination of Arkansas Best and YRCW would be in the best interests of all employees, customers, and shareholders of both companies."
-- In a recent 10-K report, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $622 million net loss in 2009.
Tickers featured: AAWW, ABFS, ATSG, CHRW, CNI, CNW, CSX, DDMX, EXPO, FDX, JBHT, NSC, ODFL, R, UNP, UPS, UTIW, YRCW. Complete text approximately 3000 words.