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YRC Worldwide, the trucking company that has tried everything except gift-wrapping its deliveries with red ribbon to avoid bankruptcy, may have helped itself when it decentralized its operations a few months ago.
The Kansas City-based trucking company, which recently did a reverse stock split and has been forced to defer scheduled raises and pension fund payouts, in November decided to give its operating companies more autonomy. That means the bosses of its individual trucking brands are making more day-to-day decisions.
Corporate leaders in Kansas City are making fewer calls. Also, right about at that time, some of the senior corporate people were laid off.
Wolfe Trahan, a New York City-based analyst firm that specializes in the freight industry, related in a report released today that a shipper that uses YRC subsidiary USF Holland in the Midwest has noticed that service has improved since the decentralization call..........................
LOGISTICS: YRC
The Kansas City-based trucking company, which recently did a reverse stock split and has been forced to defer scheduled raises and pension fund payouts, in November decided to give its operating companies more autonomy. That means the bosses of its individual trucking brands are making more day-to-day decisions.
Corporate leaders in Kansas City are making fewer calls. Also, right about at that time, some of the senior corporate people were laid off.
Wolfe Trahan, a New York City-based analyst firm that specializes in the freight industry, related in a report released today that a shipper that uses YRC subsidiary USF Holland in the Midwest has noticed that service has improved since the decentralization call..........................
LOGISTICS: YRC
