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Forward Air (NASDAQ: FWRD) has appointed Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Pierson was previously the interim CFO from May 2024 and brings experience from MV Transportation and YRC Worldwide. Faught joins from EVO Transportation, where he served as CFO, and previously held roles at Yellow CEO Shawn Stewart emphasized that these appointments are important for the financial integration with Omni Logistics, aiming for long-term financial success and a unified leadership team.
Yellow Corporation (NASDAQ: YRCW) reported its fourth quarter and full year 2020 results, highlighting a name change and rebranding strategy aimed at transforming into a super-regional LTL freight carrier. Q4 operating revenue was $1.165 billion with a net loss of $18.7 million. Full year operating revenue totaled $4.514 billion, down from $4.871 billion in 2019, but operating income improved to $56.5 million. The company ended 2020 with $440 million in liquidity, and expects capital expenditures between $450 million to $550 million in 2021 to enhance operational efficiency and safety.
YRC Worldwide is expanding its Regional Next-Day Service by adding 13 terminals in the Mid-Atlantic region, enhancing operational efficiency and customer service. This initiative follows the rollout in Texas and the Mid-South and aims to create a super-regional network. The company boasts nearly 99% on-time performance and a claims ratio of 0.13%, emphasizing reduced costs and faster transit times for customers. YRC Freight is committed to providing reliable service backed by streamlined supply chains.
YRC Worldwide Inc. (NASDAQ: YRCW) will hold a conference call on February 4, 2021, at 5:00 p.m. ET to discuss its fourth quarter and full year 2020 financial results. The results will be published the same day after market close. Investors can access the live webcast or replay on the YRC Worldwide website. YRC Worldwide operates one of the largest logistics and less-than-truckload networks in North America, providing flexible supply chain solutions.
YRC Worldwide announced that its subsidiary, Reddaway, was awarded 2020 Regional Freight Carrier of the Year by Johnson Controls. This recognition highlights Reddaway's exceptional on-time performance, ease of doing business, and low damage claim ratio. Jason Bergman, YRCW's Chief Commercial Officer, expressed pride in the team's commitment to customer service, aligning with Johnson Controls' customer-focused values. Johnson Controls emphasized the strong partnership with Reddaway, noting the consistent excellent service provided.
YRC Worldwide celebrates George Brown's achievement of driving over five million miles without a preventable accident, a milestone reached in nearly 43 years with YRC Freight. Averaging 160,000 miles annually, Brown primarily drives a 580-mile route from Memphis to Houston. CEO Darren Hawkins applauds Brown's commitment to safety, indicating it reflects YRC's safety culture. Brown attributes his record to the principles of the Smith System for driver safety. In his personal life, he enjoys farming and community service with his wife.
YRC Freight driver, James Banner, has reached an exceptional milestone, surpassing five million driving miles without a preventable accident after 50 years of driving, with 42 years at YRC Freight. He maintains a weekly average of 3,084 miles on his Chicago to Kansas City route. CEO Darren Hawkins and VP Tamara Jalving commend his dedication to safety, emphasizing the importance of vigilance on the road. Banner's safe driving record aligns with YRC Worldwide's focus on industry-leading logistics and supply chain solutions. For more information, visit YRCW.com.
YRC Freight driver James Banner has surpassed five million accident-free miles, marking a significant achievement in his 50-year career, with 42 years at YRC Freight. Currently based in Chicago, he drives an average of 3,084 miles weekly between Chicago and Kansas City. YRC Worldwide CEO Darren Hawkins and Vice President of Safety Tamara Jalving praised Banner's dedication to safety, emphasizing the importance of vigilance on the road. The company, part of YRC Worldwide, operates a vast logistics network across North America, ensuring reliable supply chain solutions.
YRC Worldwide Inc. (NASDAQ: YRCW) released its operational metrics for the first two months of Q4 2020, highlighting fluctuations in less-than-truckload (LTL) services. In October, shipments per workday decreased by 0.2%, while revenue per shipment fell by 1.5%. November showed a slight recovery with a 0.3% increase in shipments and a 2.4% rise in revenue per shipment. Overall, Q4 2020 metrics indicate a 0.0% change in shipments and a 0.3% increase in revenue per hundredweight. The company continues to provide extensive logistics services across North America.
YRC Worldwide announced that CEO Darren Hawkins and Interim CFO Dan Olivier will present virtually at the Stephens Annual Investment Conference 2020 on November 18, 2020, at 9:00 a.m. ET. The event will be available live on the YRC Worldwide website and will be accessible as a replay for 30 days. YRC Worldwide is a leading provider of less-than-truckload (LTL) logistics services in North America, offering a comprehensive network for shipping industrial, commercial, and retail goods.
