YRC Worldwide's (YRCW) CEO James Welch on Q3 2017 Results - Earnings Call Transcript
https://seekingalpha.com/article/41...-results-earnings-call-transcript?part=single
James Welch
As we look for opportunities to enhance productivity, YRC Freight is implementing a major change of operations this month. We are very excited about this large and high impact upgrade to YRC Freight’s network and you’ll hear more about this from Darren in a few minutes.
Between the current economic demand environment and the ongoing recovery efforts from the hurricanes, the economy continues to gain strength. We’re also excited about yield momentum, additional new revenue equipment, the change of operations at YRC Freight, and the investments we’re making in our operating companies P&D and Line haul Systems. We intend to stick with our strategy to improve price, freight mix and profitability.
Darren Hawkins
The change of operations that James mentioned and as we discussed on our earnings call last quarter has been approved and will be implemented the weekend of November 11. As a reminder, this network enhancement adds volume capacity to YRC Freight’s network, with nominal facility expenditures required since we are essentially increasing the utilization of (inaudible) at our existing terminals.
The network design is expected to improve productivity and reliability. Additionally, we will be implementing the use of more flexible, utility employees and adding (inaudible) turns that will reduce layovers and hotel stay and allow more of our drivers to return home within the same trip.
In closing, the yield in tonnage momentum balance we’re experiencing along with the additional capacity created and efficiencies we expect from the network enhancing change of operation continues to give me confident that YRC Freight is moving in the right direction.
I appreciate the contributions of our employees at YRC Freight, who perceiver and work safely through the adversity of the hurricanes of Q3 and stayed focused on our customer.