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YRC struggles reflect changing LTL dynamic

Published Monday, January 04, 2010

Though YRC Worldwide secured enough participation in its debt-for-equity exchange last week to postpone a $19 million interest and fee payment as well as to secure a lifeline of sorts via a $159.8 million line of credit, its struggles – and those of the LTL industry as a whole – are far from over. (More LTL news) “National carriers like YRC have too much cost, both fixed and variable, built into their infrastructure,” Doug Sartain, president of Cleveland, OH-based Shipmate Logistics, whose trucking career included stints at Pitt Ohio Express, ...

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