YRC CEO: Glen Moore may not be last of property sales

The property sale at YRC Worldwide Inc. may not be over

A day after the Overland Park-based trucking company announced it was unloading subsidiary Glen Moore, CEO James Welch said in an interview that company officials still are looking for ways to shrink their portfolio.

“There are other things that don’t necessarily complement what we do that we’ll be looking at,” he said. “There’s still excess property that has been on the market for three and a half years that’s empty, that we’re not using, and we’ll look at different ways and different avenues to shed it. We’ll be looking at ways to consolidate administrative cost and things like that. There are still things on our drawing board to accomplish.” Full Story.....

YRC Worldwide Sells Assets of Its Glen Moore Truckload Subsidiary

YRC Worldwide Inc. today announced it sold a significant portion of the assets of its Glen Moore truckload operating subsidiary to Celadon Trucking Services, Inc., a subsidiary of Celadon Group Inc., one of North America's largest truckload carriers. Specific terms of the agreement were not disclosed.

"Less-than-truckload shipping is what we do best. Our efforts are precisely focused on regaining the North American market leader position in that segment," said James Welch, chief executive officer for YRC Worldwide, referring to the 220 years of combined big-shipment experience among YRC legacy brands. Welch went on to add, "To be the best LTL carrier, we must concentrate on operational excellence that delivers flexible, efficient transportation solutions with timeliness and predictability. This transaction helps us do that by simplifying our portfolio and streamlining our operations while still offering truckload services to interested customers through our provider relationships."

"This is an exciting opportunity for Celadon," said Paul Will, vice chairman, president and chief operations officer, Celadon Group. "Glen Moore is recognized as an award-winning truckload service provider with leading edge technologies. Its national, regional and dedicated fleet services augment our existing expertise, adding to our scale and accelerating our growth."

FMCSA to release new HOS rule December 22

The Department of Transportation and the Federal Motor Carrier Safety Administration have set Thursday, Dec. 22 as the date the FMCSA will release the final rule on Hours of Service, a source has told The Trucker.

The agency had promised to release the rule no later than Dec. 28 as part of the court settlement between the FMCSA and safety advocacy groups who have successfully challenged HOS rules on three different occasions.

If released as scheduled, the final rule would be published one day short of a year from when the proposed rulemaking was announced Dec. 23, 2010. Full Story....

YRC hauling more loads as businesses stock up

The national trucking industry, like a lot of businesses, got beaten up by the recession.

On the positive side, trucking companies are among the businesses that tend to be on the leading edge of recoveries as well as downturns, and there are some encouraging signs.

Rick Hoogendoorn, director of the YRC customer support center , sees an uptick in companies stocking up on inventory. Full Story.......