Replies to post #98 on YRC Worldwide Inc (YRCW)

[halpern6]

personally, I played the chart, and what looked to be oversold conditions, especially a few months back, the golden cross scenario also a bullish sign.....GLTY.

[Koikaze]

Hope springs eternal in the human breast ...


Take two teaspoonsfull of "ATA reports turn up in tonnage"

Add one-half cup of "Union agrees to wage cut"

Add a few pounds of hope

And mix briskly

Fred

[Seminole Red]

Form 8-K for YRC WORLDWIDE INC


--------------------------------------------------------------------------------

9-Oct-2009

Change in Directors or Principal Officers, Regulation FD Disclosure, Financial



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 5, 2009, YRC Worldwide Inc. (the "Company") announced that, effective immediately:

• Timothy A. Wicks, formerly Executive Vice President and Chief Financial Officer, was appointed Executive Vice President and Chief Operating Officer of the Company;

• Sheila K. Taylor, formerly Vice President - Investor Relations and Treasurer, was appointed Executive Vice President and Chief Financial Officer of the Company and will report to Mr. Wicks;

• Phil J. Gaines was appointed Chief Accounting Officer of the Company in addition to his other finance duties, including Senior Vice President - Finance of the Company and Senior Vice President and Chief Financial Officer of YRC Inc. and YRC North American Transportation; and

• Paul F. Liljegren, formerly Vice President, Controller and Chief Accounting Officer, was appointed Vice President - Investor Relations and Treasurer of the Company.

Sheila K. Taylor, age 36, was Vice President - Investor Relations of the Company since January 2008 and Treasurer of the Company since June 2009. Prior to that, Ms. Taylor was Vice President - Finance of Yellow Transportation from January 2007 through August 2008 and held various director and manager titles in finance, corporate development and investor relations since she joined the Company in July 2002.

Phil J. Gaines, age 45, has been Senior Vice President - Finance of the Company since June 2009 and has been Senior Vice President and Chief Financial Officer of YRC Inc. and YRC North American Transportation since March 2009. Prior to that, Mr. Gaines was President of Yellow Transportation from July 2008 through February 2009; Senior Vice President and Chief Financial Officer of YRC North American Transportation from January 2008 through July 2008; Senior Vice President and Chief Financial Officer of YRC National Transportation from January 2007 through December 2007; Senior Vice President - Investor Relations, Government Relations and Corporate Development from August 2005 through January 2007; and Senior Vice President - Finance and Administration of Yellow Transportation from December 2003 through August 2005.

In her new role, Ms. Taylor will be eligible to participate in or receive the benefits of, the following:

• the Company's Long Term Incentive Plan (filed as Exhibit 10.19 to the Company's Annual Report on Form 10-K for the year ended December 31, 2007) and the Company's 2004 Long-Term Incentive and Equity Award Plan (filed as Exhibit 10.1 to Current Report on Form 8-K filed with the SEC on May 19, 2008);

• an Executive Severance Agreement that provides for payment if Ms. Taylor is terminated without cause or resigns for good reason within two years after a change of control transaction (a more detailed description of this agreement can be found in the Company's Definitive Proxy Statement on Schedule 14A filed on April 1, 2009, and the form of agreement was filed as Exhibit 10.1 to Current Report on Form 8-K filed with the SEC on January 6, 2009); and

• the Company's Executive Severance Policy (filed as Exhibit 10.1 to Current Report on Form 8-K filed with the SEC on July 31, 2009).





Item 7.01. Regulation FD Disclosure.
In addition to the appointment of Messrs. Wicks and Gaines and Ms. Taylor, the Company announced other senior leadership changes to advance its functional organizational structure introduced in June 2009. A copy of the news release announcing these changes is attached hereto as Exhibit 99.1.

[Seminole Red]

YRC Worldwide Inc. has capped its severance plan and is requiring nonunion workers to take unpaid leave to cut costs.

Employees have to take eight hours of unpaid time off each month, starting this month and extending through February, though it could end earlier depending on YRC’s performance, COO Timothy Wicks said in a Wednesday memo to employees. Employees also can volunteer for sabbaticals of two to eight weeks between October and January, during which they would get 15 percent of salary or basic wages and keep health care coverage.

The severance plan has been capped at 12 weeks of pay, based on length of service, and as much as nine months of subsidized health care coverage, the memo said, adding that the “vast majority” of job cuts tied to the integration and reorganization have concluded.

The Overland Park-based company (Nasdaq: YRCW) has made good progress on its recovery plan, but costs have to be managed aggressively, particularly as the company enters the fourth quarter because its business is seasonal, the memo said.

“By implementing these actions now — even as we have reason to be encouraged about the future — we help to improve our financial performance and our ability to protect more jobs today and in the months ahead,” Wicks wrote.

Nonunion employees represent roughly a third of YRC’s less than 49,000 employees; YRC has about 1,000 nonunion employees in the Kansas City area.

Wicks was named as YRC’s chief operating officer, a new position, on Oct. 5. He had been CFO.

YRC has been fighting the specter of bankruptcy amid drawn-out freight recession and customer defections. It has laid off thousands, cut wages, sold property, made 10 credit agreement amendments and gotten two vital concessions from union workers this year. It’s nearing an Oct. 13 deadline to meet a lender requirement that YRC have liquidity of at least $100 million.

Union and nonunion workers took 10 percent paycuts in January. In August, union workers agreed to an additional 5 percent pay cut, plus forfeiting 18 months of pension payments — saving YRC an estimated $825 million through 2010.

Company Chairman and CEO Bill Zollars caused a flap in July, before the second union vote, when he told the Kansas City Business Journal that nonunion workers wouldn’t take further cuts. He later apologized to the union.

YRC, the nation’s largest less-than-truckload carrier, ranks No. 2 on the Kansas City Business Journal’s list of area public companies.

[Seminole Red]

YRC has been fighting the specter of bankruptcy amid drawn-out freight recession and customer defections. It has laid off thousands, cut wages, sold property, made 10 credit agreement amendments and gotten two vital concessions from union workers this year. It’s nearing an Oct. 13 deadline to meet a lender requirement that YRC have liquidity of at least $100 million.

Union and nonunion workers took 10 percent paycuts in January. In August, union workers agreed to an additional 5 percent pay cut, plus forfeiting 18 months of pension payments — saving YRC an estimated $825 million through 2010.

[Seminole Red]

OVERLAND PARK, Kan., Oct. 8 /PRNewswire-FirstCall/ -- YRC Inc., a subsidiary of YRC Worldwide Inc. (Nasdaq: YRCW - News), announced today enhancements to its innovative Preferred Pricing Program, established to provide customers with simple, predictable and highly reliable solutions. Effective Oct. 1, 2009, Preferred Pricing shipments can easily be guaranteed to insure the highest reliability at no additional charge.

Related Quotes
Symbol Price Change
YRCW 4.36 -0.27


{"s" : "yrcw","k" : "c10,l10,p20,t10","o" : "","j" : ""} Although it is available to any customer, Preferred Pricing is designed to help small- to mid-sized companies looking for a competitive and easy-to-understand pricing program.

"We are committed to providing our customers with flexible, reliable solutions that are also easy to engage. In response to customer need, our Preferred Pricing program offers a simplified pricing option that removes much of the complexity inherent in normal LTL pricing tariffs," said John Garcia, executive vice president and chief sales officer - YRC Worldwide. "This program helps improve our customers' transportation cost planning because it is simple and predictable."

Highlights of the program include:


•Reliable service backed by a money back guarantee
•No special surcharges or exclusions for non-direct points
•Exclusive fuel surcharge program that insulates shippers from rising fuel prices until the National Diesel Price Index reaches $4.00 per gallon
•Many common accessorial services at no additional cost
•Market competitive rates in all lanes across the YRC network, the most comprehensive in North America

Preferred Pricing was piloted to YRC customers (formerly Yellow Transportation and Roadway) in 2008. Based on that initial acceptance and success, YRC made the decision to offer the program widely so that more companies could take full advantage of the program benefits and now provides a full service guarantee.

For additional information on the program or to sign up, please contact your local YRC Worldwide representative or visit http://www.yrc.com/services/preferredPricing.html.

About YRC Worldwide

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. The company is headquartered in Overland Park, Kan.

Web site: www.yrcw.com