Friday, September 15, 2006

NLRB upholds ruling on division shutdown

The National Labor Relations Board has upheld its Feb. 28 decision affirming that USF Corp. did nothing wrong when it abruptly closed its Red Star division after a brief national strike that started in Philadelphia on May 21, 2004. About 2,000 people, including 200 in Philadelphia, lost their jobs. The Chicago company, now owned by YRC Worldwide Inc., Overland Park, Kan., had said the strike, which lasted less than 48 hours, caused so much financial harm that the division would have to be shut - even before the strikers could return to work. The International Brotherhood of Teamsters had filed an unfair-labor-practice charge before the NLRB, saying the closure was a union-busting move. Another USF division, Holland, now operates the former Red Star terminal in Philadelphia's Bridesburg section and employs some former Red Star drivers. They still work under a Teamsters contract, but have lost seniority and other benefits.

Wednesday, September 13, 2006

YRC Worldwide Ranks Number 66 on FORTUNE's Annual List of the 100 Fastest- Growing Companies

YRC Worldwide, one of the largest transportation service providers in the
world, has been ranked number 66 on FORTUNE's annual list of the 100
Fastest- Growing Companies for 2006.
"We are pleased to receive this recognition from FORTUNE magazine,"
said Bill Zollars, chairman, president and CEO of YRC Worldwide. "Through
our successful acquisitions of Roadway and USF we have focused on enhanced
scale, complementary service offerings and significant cost synergies. We
continue to build our brands and our international, national and regional
capabilities to provide seamless, end-to-end global transportation
solutions to our customers."
The list is comprised of companies with the strongest three-year sales,
profit and stock growth. To qualify for this year's listing, a company must
be incorporated in the U.S., have a minimum market capitalization of $250
million, have a stock price of at least $5.00, have been trading
continuously since June 30, 2003, have revenue and net income for the four
quarters ended on or before March 31, 2006 of at least $50 million and $10
million respectively, and have posted a compound annual growth in revenue
and earnings per share of at least 25% annually over the three years ended
on or before March 31, 2006. All companies that meet these criteria are
ranked by their revenue growth rate, their EPS growth rate and their
three-year annualized total return to investors for the period ended June
30, 2006.
FORTUNE's annual list of the 100 Fastest-Growing Companies will appear
in the September 18, 2006 issue.

Tuesday, September 12, 2006 Earns ABF a Listing on the InformationWeek 500

ABF Freight System, Inc., has been cited as an innovator in information technology by InformationWeek magazine, which lists ABF on the 2006 InformationWeek 500. ABF earned a place on the annual listing for, its web portal that enables customers to quote, manage and track freight shipments that are expedited or time-definite.

For the past 18 years InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.

"Shippers frequently need expedited and time-definite shipping solutions to maintain good relations with their customers, especially in the retail sector. provides a smarter, more efficient online experience for these shippers," said ABF President and Chief Executive Officer Bob Davidson. "From transit-time options to customer-specific rate quotes and online pickup requests, puts everything shippers need to plan, execute and manage time-definite and expedited shipments right at their fingertips."

Davidson continued, "Once shipments are in transit, provides users total control of the transportation process. With real-time tracking, custom status reports, document retrieval and dynamic rerouting/upgrading of in-transit shipments, shippers enjoy end-to-end shipment control and visibility."