Freightmaster1
TB Legend
- Credits
- 608
Darren D. Hawkins - President of YRC Freight
Thanks, Jamie, and good afternoon, everyone. I am pleased to report that our strategic focus on pricing discipline, people and operational process has contributed to a much improved financial performance in what is typically a challenging quarter. Consistent with our strategy for the year, we placed yield improvements over tonnage growth and did the shipment volumes decrease as we work to improve the quality of our revenue.
Our primary volume decline was due to the intentional reduction of minimum charge shipments from our corporate channel as we removed many of these from our network to improve mix and profitability. The approach paid off as we reported positive results in weight per shipment, revenue per shipment and revenue per hundredweight, which ultimately helped improve our margin. As Jamie stated, that we launched an initiative that is centered around communication engagement with our frontline employees to drive the revenue generation and operational performance of the company. It's geared to setup sustained, continuous improvement foundation for YRC Freight.
The employee engagement initiatives is currently focused on key distribution centers that handle 40% of our freight. We have launched new disciplines in the 3 DCs and will rollout this program to 4 additional locations in the next 14 weeks. At these DCs, the process is being led by employee groups working with outside consultants, because we feel strongly about tapping into one of the greatest resources available to us.
The most professional and tenured employees in the industry. We are proud of the ideas we are able to implement based on their feedback, creativity and determination through this effort.
http://seekingalpha.com/article/312...-2015-results-earnings-call-transcript?page=1
Thanks, Jamie, and good afternoon, everyone. I am pleased to report that our strategic focus on pricing discipline, people and operational process has contributed to a much improved financial performance in what is typically a challenging quarter. Consistent with our strategy for the year, we placed yield improvements over tonnage growth and did the shipment volumes decrease as we work to improve the quality of our revenue.
Our primary volume decline was due to the intentional reduction of minimum charge shipments from our corporate channel as we removed many of these from our network to improve mix and profitability. The approach paid off as we reported positive results in weight per shipment, revenue per shipment and revenue per hundredweight, which ultimately helped improve our margin. As Jamie stated, that we launched an initiative that is centered around communication engagement with our frontline employees to drive the revenue generation and operational performance of the company. It's geared to setup sustained, continuous improvement foundation for YRC Freight.
The employee engagement initiatives is currently focused on key distribution centers that handle 40% of our freight. We have launched new disciplines in the 3 DCs and will rollout this program to 4 additional locations in the next 14 weeks. At these DCs, the process is being led by employee groups working with outside consultants, because we feel strongly about tapping into one of the greatest resources available to us.
The most professional and tenured employees in the industry. We are proud of the ideas we are able to implement based on their feedback, creativity and determination through this effort.
http://seekingalpha.com/article/312...-2015-results-earnings-call-transcript?page=1
