"Though industry volumes have firmed and YRC Regional's volume growth has resumed, YRC National's gap in (less than truckload) volume growth rates relative to its peers has not changed, and the company continues to lose market share," he said. YRC is a less than truckload carrier, meaning it combines shipments from several customers in each load. But other trucking sectors also report stronger trends. Lee Klaskow, an analyst with Longbow Research , said in a note that his checks with truckload carriers showed that freight volumes are exceeding those of last year, when the economy depressed demand for goods and raw materials."We anticipate improved freight demand and additional capacity reductions as likely to provide carriers with greater bargaining leverage during spring contract negotiations with shippers," Klaskow said. 
Share:  "Though industry volumes have firmed and <span class="company">YRC</span> Regional's volume growth has resumed, <span class="company">YRC</span> National's gap in (less than truckload) volume growth rates relative to its peers has not changed, and the company continues to lose market share," he said. <span class="company">YRC</span> is a less than truckload carrier, meaning it combines shipments from several customers in each load.<span class="sent"> But other trucking sectors also report stronger trends. <span class="analyst">Lee Klaskow</span>, an analyst with Longbow Research , said in a note that his checks with truckload carriers showed that freight volumes are exceeding those of last year, when the economy depressed demand for goods and raw materials."We</span> anticipate improved freight demand and additional capacity reductions as likely to provide carriers with greater bargaining leverage during spring contract negotiations with shippers," Klaskow said. Tweet this   read full story

But some of those analysts still are unsure about the Overland Park based trucker's (Nasdaq: YRCW) long term viability. "YRCW's near term liquidity appears sufficient to remain a going concern," RW Baird analyst Jon Langenfeld wrote in a research note. "However, if share losses continue, bankruptcy risk rises.". YRC on Monday said it expected to report second quarter operational earnings — or earnings before interest, taxes, depreciation and amortization are subtracted (EBITDA) — of $24 million to $36 million 
Share:  But some of those analysts still are unsure about the Overland Park based trucker's (Nasdaq: <span class="company">YRCW</span>) long term viability.<span class="sent"> "<span class="company">YRCW</span>'s near term liquidity appears sufficient to remain a going concern," RW Baird analyst <span class="analyst">Jon Langenfeld</span> wrote in a research note.</span> "However, if share losses continue, bankruptcy risk rises.". YRC on Monday said it expected to report second quarter operational earnings — or earnings before interest, taxes, depreciation and amortization are subtracted (EBITDA) — of $24 million to $36 million....But some of those analysts still are unsure about the Overland Park based trucker's (Nasdaq: <span class="company">YRCW</span>) long term viability.<span class="sent"> "<span class="company">YRCW</span>'s near term liquidity appears sufficient to remain a going concern," RW Baird analyst <span class="analyst">Jon Langenfeld</span> wrote in a research note.</span> "However, if share losses continue, bankruptcy risk rises.". YRC on Monday said it expected to report second quarter operational earnings — or earnings before interest, taxes, depreciation and amortization are subtracted (EBITDA) — of $24 million to $36 million. Tweet this   read full story

YRC said that the new company would specialize in international freight forwarding, customs brokerage, transportation management, truckload services and warehouse/fulfillment services. "This transaction enables YRC Worldwide to focus on our core transportation capabilities while continuing to offer full global logistics solutions for our customers through a strong business relationship with the new company," says Bill Zollars, chairman, president and CEO of YRC Worldwide. He assured customers that there would be no change in the way their business is handled. YRC Worldwide is retaining its operations in China, along with its domestic freight forwarding business. 
Share:  YRC said that the new company would specialize in international freight forwarding, customs brokerage, transportation management, truckload services and warehouse/fulfillment services. <span class="sent">"This transaction enables <span class="company">YRC Worldwide</span> to focus on our core transportation capabilities while continuing to offer full global logistics solutions for our customers through a strong business relationship with the new company," says <span class="analyst">Bill Zollars</span>, chairman, president and CEO of <span class="company">YRC Worldwide</span>.</span> He assured customers that there would be no change in the way their business is handled. <span class="company">YRC Worldwide</span> is retaining its operations in China, along with its domestic freight forwarding business. Tweet this   read full story

"For us, it was an opportunity to take a really good growth business that is in the middle of a challenged parent company," Lack said. John Carr, president of YRC Logistics, said "the substantial equity infusion from Austin Ventures positions us to pursue new business development as well as growth through acquisition.". Austin Ventures made its previous logistics investments just as the U. S economy plummeted. Lack said that after a challenging period, the industry is showing signs of recovery. "There's been a really meaningful rebound in transportation and logistics space this year. 
Share:  "For us, it was an opportunity to take a really good growth business that is in the middle of a challenged parent company," Lack said. <span class="sent"><span class="analyst">John Carr</span>, president of <span class="company">YRC Logistics</span>, said "the substantial equity infusion from Austin Ventures positions us to pursue new business development as well as growth through acquisition.". Austin Ventures made its previous logistics investments just as the U. S economy plummeted.</span> Lack said that after a challenging period, the industry is showing signs of recovery. "There's been a really meaningful rebound in transportation and logistics space this year. Tweet this   read full story

Austin Ventures, which has about $4 billion in assets under management, said the current management team will continue to run the logistics business after the purchase. "This transaction enables YRC Worldwide to focus on our core transportation capabilities while continuing to offer full global logistics solutions for our customers through a strong business relationship with the new company," said YRC Chairman and Chief Executive Bill Zollars. Private equity has been undertaking a host of small sized buyouts after years of multibillion dollar deals before the financial crisis hit. But the run of small takeovers of late is a sign that credit markets are healing and investors are optimistic enough to undertake such deals. 
Share:  Austin Ventures, which has about $4 billion in assets under management, said the current management team will continue to run the logistics business after the purchase. <span class="sent">"This transaction enables <span class="company">YRC Worldwide</span> to focus on our core transportation capabilities while continuing to offer full global logistics solutions for our customers through a strong business relationship with the new company," said YRC Chairman and Chief Executive <span class="analyst">Bill Zollars</span>.</span> Private equity has been undertaking a host of small sized buyouts after years of multibillion dollar deals before the financial crisis hit. But the run of small takeovers of late is a sign that credit markets are healing and investors are optimistic enough to undertake such deals. Tweet this   read full story

YRC Worldwide Inc. (Nasdaq: YRCW) today announced it has entered into a definitive agreement to sell a portion of its YRC Logistics business to Austin Ventures, a strategic private equity investor. This logistics business will operate as a private company owned by Austin Ventures. The sale will form the basis for a new company specializing in international freight forwarding, customs brokerage, transportation management, truckload services, and dedicated warehouse and fulfillment services in North America, Latin America, Europe and Asia. 
Share:  <span class="sent">YRC Worldwide Inc. (Nasdaq: YRCW) today announced it has entered into a definitive agreement to sell a portion of its YRC Logistics business to Austin Ventures, a strategic private equity investor. This logistics business will operate as a private company owned by Austin Ventures. The sale will form the basis for a new company specializing in international freight forwarding, customs brokerage, transportation management, truckload services, and dedicated warehouse and fulfillment services in North</span> America, Latin America, Europe and Asia. Tweet this   read full story