Friday, May 11, 2012

YRC Worldwide Named to 2012 FORTUNE 500 List

YRC Worldwide Inc. today announced it has been named to the FORTUNE 500 list of the largest U.S.-based companies. YRCW was ranked 487 overall.

"We are in good company, as many of the organizations on this list are among our more than 200,000 customers that depend on our LTL service as a critical part of their supply chains," said James Welch, chief executive officer of YRC Worldwide. "We recently launched a newly optimized network for our largest subsidiary YRC Freight. The new network is engineered to improve service and increase efficiencies on a large scale and we expect it will improve on-time performance and decrease cargo claims, ultimately increasing customer satisfaction across the board. Holland, Reddaway and New Penn continue to provide industry leading service and are focusing on growth and yield that is commensurate with the value they provide day in and day out," added Welch.

FORTUNE's methodology for the FORTUNE 500 is that companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements.