YRCW Profile
YRC Worldwide, Inc. (YRCW) is a transportation company that specializes in less-than-truckload (LTL) shipments. The company operates a fleet of trucks and trailers to transport freight across North America, including the United States, Canada, and Mexico.
YRC Worldwide was founded in 1924 as Yellow Cab Transit Company in Oklahoma City, Oklahoma. Over the years, the company expanded its services to include LTL shipping and changed its name to Yellow Freight System, Inc. In 2003, the company acquired Roadway Express, Inc. and changed its name to YRC Worldwide, Inc.
YRC Worldwide's services include a range of LTL shipments, such as standard, guaranteed, and expedited shipments. The company also offers specialized services for trade shows, high-value shipments, and hazardous materials. YRC Worldwide has a network of terminals, service centers, and distribution centers across North America to support its operations.
In recent years, YRC Worldwide has faced financial difficulties due to increased competition, rising fuel costs, and a decline in the shipping industry. The company has undertaken several cost-cutting measures and refinancing efforts to improve its financial position. In 2020, YRC Worldwide received a $700 million loan from the United States government as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to support its operations during the COVID-19 pandemic.
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