YRC Worldwide Inc. plans to close about 40 terminals across the country as it continues shrinking its operations to handle a smaller amount of customer freight.
Sheila Taylor, CFO of the Overland Park-based company, told analysts during an analyst conference on Wednesday that the company has submitted a “change of operations” with the International Brotherhood of Teamsters union about the closures.
“We’re taking steps to ‘right size’ the business,” Taylor said, adding that the closures affect about 12 percent of the company’s 334 facilities.
Chairman and CEO Bill Zollars said that most of the terminals set to close are smaller facilities and that there should be no more closings for a while. Full Story.....