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YRCW talks reorganization

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  • YRCW talks reorganization

    Article talks about the terminals that are closing and merging with other YRCW, Holland and New Penn existing locations.
    I added more then the allowed paragraphs. More needed to be said !

    YRCW takes reorganization to a new level
    Ten years after a near-fatal brush with bankruptcy, YRC Worldwide once again is resizing and reorganizing its less-than-truckload (LTL) network, in some cases bringing regional and national subsidiaries under the same roof. The company is seeking greater freight density, faster service from locations closer to shippers, and a more stable platform on which to build profits after racking up losses in much of 2019.
    This streamlining of the network and “co-habitation” of national and regional LTL brands within its terminals will bring the number of facilities operated by the LTL trucking holding company across its four subsidiaries down from a current 384 to 320 by the end of next year, Darren Hawkins, CEO, and T.J. O’Connor, president and COO, said in an interview with JOC.com.
    Hawkins expects the consolidation and resulting new operations structure to provide $60 million to $80 million in margin improvements in 2020, as well as millions of dollars in cash proceeds from property sales. He and O’Connor stressed the terminal consolidation and “co-habitation” of national and regional carriers does not represent — in any way — a merger of brands.
    “We’re not taking down any brands, they’re all vibrant and powerful in the marketplace,” Hawkins said. But the brands will operate differently going forward. Until now, they’ve been largely autonomous subsidiaries, with their own sales and management teams as well as terminals. That is changing quickly, with many off-road functions transferred to YRCW.
    A methodical approach is necessary when you’re dealing with a Teamster workforce that has strict seniority rules for drivers and dockworkers. Any shifting of personnel among terminals is covered by change of operations agreements between the company and the union. Rumors about layoffs of union and salaried nonunion workers abound in online trucking forums.
    O’Connor said the intent is to move drivers to where work will be. “There’s a prescribed change of operations procedure” under the Teamsters contract, he said. O’Connor pointed to a planned merger of YRC Freight terminals in Alpena and Cadillac, Michigan, into a larger Holland facility in Gaylord, Michigan, the subject of a change of operations YRCW proposed in October.
    https://www.maritimecybersecurity.ce...o-a-new-level/
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