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Thursday, July 28, 2016 4:28:29 PM
"During the second quarter, YRC Freight successfully launched its new Accelerated service," Welch continued. "This service leverages YRC Freight's existing dual speed network and has been well received by customers. There was demand for a faster, cost-competitive and reliable service and our employees responded to the market.
"We also took action to improve liquidity and strengthen the financial position of the Company by amending and improving the terms of the ABL facility. The amendment provides interest savings and an opportunity to better utilize our cash that would have otherwise been restricted from use," concluded Welch.
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