YRC and YRC Reimer Reduce Cross-Border Transit Times Between U.S. and Canada

YRC, Inc. and YRC Reimer in Canada, both subsidiaries of YRC Worldwide, announced that they have enhanced their industry-leading northbound and southbound service between the United States and Canada by reducing transit times in 5,500 lanes, effective immediately.

"We are dedicated to providing comprehensive transportation solutions, which means continual enhancement of our services and our networks," Mike Smid, president - YRC Inc., and chief operations officer - YRC Worldwide. "As we expand our cross border services provided by YRC, and YRC Reimer, reducing transit times is one more way we can offer better predictability and more precise delivery options."

In addition to improved transit times, YRC and YRC Reimer can provide a seamless experience through the availability of YRC Border Ambassadors who work with customers to ensure proper shipment documentation - and integrated customs brokerage services through affiliated broker, YRC Logistics. Customs brokerage is provided free of charge when new customers book guaranteed or expedited shipments.

YRC is also border-security compliant and certified in the U.S. Customs-Trade Partnership against Terrorism Program, as well as the Canada Partners in Protection program; the Free and Secure Trade program of the Canadian and U.S. governments; and the Customs Self-Assessment program.

Through certification in these programs, the efforts of the YRC Border Ambassadors and integrated customs brokerage services, shipments clear the border in minutes and 98 percent of all shipments are pre-released before they reach the border. With one call and one carrier, customers also enjoy better control and improved shipment visibility, as well as the convenience of one itemized invoice for transportation, brokerage services, duties and taxes.

For more information about YRC customs brokerage service, customers should contact their account representative or visit Cross-Border Shipping to Canada

YRC Inc. Hosts Christina's Smile Children's Dental Clinic at YRC Worldwide Headquarters

YRC Inc., a subsidiary of YRC Worldwide Inc. and Christina’s Smile Dental Care Clinic will be offering free dental care to needy children on Thursday and Friday, Oct. 1-2, from 8 a.m. to 5 p.m. at the YRC Worldwide Headquarters.

Christina’s Smile is a traveling dental clinic that provides free dental care to underprivileged children. Various charitable groups and organizations select the children prior to the Clinic.

“YRC Worldwide is committed to the education and health needs of children and young people,” said Mike Smid, president – YRC Inc., and chief operations officer – YRC Worldwide. “This program provides help and support to children across the country. We are looking forward to continuing our partnership with Christina’s Smile, as we have for the past 20 years.”

Dr. Richard R. Garza, who treated many underprivileged children in his Austin, Texas, dental practice for 22 years, conceived Christina's Smile Children's Dental Clinic in 1989. Dr. Garza came up with the idea of building a mobile clinic in a 48 foot vehicle that would impact as many children and families as possible. A partnership with a trucking company was necessary to move the mobile clinic around and for two decades, YRC Worldwide has partnered with Christina’s Smile to bring free dental care to children across the country.

According to Dr. Garza, children living in poverty throughout the U.S. lack access to dental services, and high health care costs virtually prohibit impoverished families from receiving quality dentistry except through "free clinics" or other such facilities.

“Children who otherwise would not have access to dental care are able to benefit, Christina’s Smile is providing charitable dentistry to thousands of kids,” said Dr. Garza. “This mission requires many partners, and we are lucky that YRC Worldwide continues to be a significant partner in helping these children attain healthier, happier smiles.”

In 2009, 21 Clinics will be conducted to treat over 2,400 children and provide over $1.5 million worth of dentistry to children who might not otherwise receive the care they so desperately need.

UPS Freight Returns to the No. 6 in Kansas

For the second and final time this season, UPS Freight will be featured on David Ragan’s No. 6 Ford Fusion .

As David makes his third Cup Series start at Kansas Speedway this weekend, his car’s design will incorporate the gray of UPS Freight, along with traditional UPS brown and gold crushed glass coloring. These colors reflect UPS Freight vehicles that are out on the roads each and every day.

“The last time our team ran the UPS Freight car, we heard a lot of compliments from fans about how much they liked how the car looked,” said David. “It’s always neat to have a different design on the car, and this one definitely stands out on track. UPS employees are second to none, so it’s great to have a special design that brings some extra attention to a specific part of UPS. We’ll do our best to put the UPS Freight Ford Fusion in Victory Lane this weekend in Kansas.”

YRC changes a portion of its financing

Amendment reduces or eliminates the obligation to repay certain amounts

YRC Worldwide Inc., the Overland Park, Kan.-based trucking company with Roadway operations in Akron, said Monday it amended its $500 million asset-backed credit facility.

The company said what is called a receivables-purchase agreement was changed to ''reduce the impact of certain negative effects'' from the integration of Yellow Transportation and Roadway.

The statement came from a filing with the U.S. Securities and Exchange Commission.

YRC Worldwide was created with the 2003 acquisition of Roadway in Akron by smaller competitor Yellow. The combined company changed its name from Yellow Roadway in 2006.

The amendment reduces or eliminates the obligation to repay certain outstanding amounts because of the combination, according to the filing. In addition, a $10 million fee that was originally due Sept. 30 was suspended, YRC said.

YRC integrated the national networks of Yellow Transportation and Roadway on March 1, the company said in a March 2 statement.

''There was a $10 million payment due on Sept. 30 if the company did not meet certain provisions,'' the company said in an e-mail, which said the asset-backed facility is $500 million.

Regarding speculation about job cutbacks, YRC issued this statement: ''The company continues to make workforce adjustments across the company in response to economic conditions affecting business volumes.

''The company is not providing updated employment numbers at this time, since workforce actions are still in process. YRC Worldwide is making workforce adjustments across the company in response to economic conditions affecting business volumes and to advance the company's movement to a functional organizational structure.

''A functional structure further strengthens the company's focus on critical customer-impacting areas, while streamlining decision-making and eliminating duplicate efforts and costs.''

YRC Worldwide's Gilbert Retires

Garcia restructures sales operations as carrier strives to win back customers

YRC Worldwide is continuing an executive restructuring alongside “workforce adjustments” as it attempts to stave off bankruptcy and return to profitability.

Terrence M. Gilbert, a senior vice president and former president of Roadway Express, retired Sept. 25 after 30 years with Roadway and YRC Worldwide.

As chief sales and marketing officer, Gilbert helped integrate the sales teams of Yellow Transportation and Roadway as the carriers were merged to form national less-than-truckload carrier YRC earlier this year.

The company is also eliminating an undisclosed number of jobs.

“The company continues to make workforce adjustments across the company in response to economic conditions affecting business volumes,” YRCW said in a statement.

John A. Garcia, executive vice president and chief sales officer, heads YRC’s sales efforts. He joined YRC this June after a stint as chief marketing officer for Sprint Nextel.

Greg Reid, executive vice president, remains chief marketing officer, and will take on responsibility for YRC’s largest corporate accounts. Craig Tallman, a senior vice president and corporate sales executive, will lead the field sales organization.

Garcia's organization will play a critical role in rebuilding YRC's business, which has suffered this year as shippers concerned about a potential bankruptcy shifted freight to competitors.

“The modifications are an advancement of the functional organizational structure introduced in June across YRC Worldwide to streamline decision-making, eliminate duplicate efforts and costs,” Garcia said in a memo to YRC Worldwide employees.

YRC Worldwide trucking co. making more job cuts

Troubled trucking concern YRC Worldwide Inc was slashing more jobs this week, just before the end of the its third quarter, as it continues to work with lenders and labor to stave off collapse.

Sources inside the No. 1 U.S. less-than-truckload company said the cuts were substantial and layoffs were being made across many departments.

Company officials would not disclose how many jobs were being eliminated but said "workforce adjustments" were underway.

"YRC Worldwide is making workforce adjustments across the company in response to economic conditions affecting business volumes and to advance the company's movement to a functional organizational structure.

"The company is not providing updated employment numbers at this time, since workforce actions are still in process," YRC officials said in a statement.