Trucking Freight

YRC remain confident we will have a successful note exchange that can significantly reduce our debt and improve liquidity. And we continue to receive solid support from our stakeholders, including our lender group.

We also continue to receive questions whenever an analyst casts doubts on the YRCW debt-for-equity offer. The questions are to be expected: If you read or hear about a critical analyst report, you want to know what’s really happening.

Case in point: An analyst with R.W. Baird & Co. recently said it’s unlikely that YRCW will achieve a 95% agreement rate with bondholders by Dec. 8. While that analysis made for interesting headlines, the real story goes much deeper. For example, the report notes that if 95% of the bondholders don’t sign on, we still have other options, such as lowering the percentage requirement.

With these types of note exchange offers, changes–and the resulting deadline extensions–are typical. It’s also typical for note holders to wait until the deadline before taking official action. There may be other extensions announced before completion of this phase. In every event, however, we will bring you updates on Insight in a timely and transparent manner. It’s part of our Confidence Delivered(TM) promise to you.

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 Logistics, New Penn, Holland, Reddaway and YRC Glen Moore. Building on the strength of its heritage brands, Yellow Transportation and Roadway, the enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally.

Our owner-employees are trained to deliver confidence with claim-free shipping based on proper use of equipment, close adherence to procedures, and a personal commitment to your complete satisfaction.

How you prepare your shipments for transit is also important. Depending on what you are shipping, here are tips to help avoid damage:

Outer packaging

• Match your outer packaging to the nature of the contents. Wood crates provide the best protection for breakable items or very heavy, dense items. Sturdy corrugated cardboard is appropriate for most other shipments. Thin cardboard and repurposed old boxes rarely provide the necessary protection.
• Match your outer packaging to the size of the contents. Too big, and contents can move around and break. Too small and your shipment will not be properly protected.
• Securely seal the outer packaging with reinforced tape to help keep contents intact.

Packing materials

• Use sufficient packing materials around and between items to keep them from shifting inside the outer packaging.
• Consider using an inner box, surrounded by cushioning materials–a good rule of thumb is three inches on each side–for added protection.
• Reinforce corners and edges to keep them from bending or tearing.
• Select packing materials based on the contents–corrugated fiberboard, molded plastic, shredded paper, bubble wrap and packing peanuts are good options.

Palletizing shipments

• Build a cube: align the vertical edges of multiple cartons and maintain a flat, level top surface.
• Ensure the pallet is in good condition and larger than the cargo sitting on it.
• Use shrink or stretch wrap to keep multiple items together. Depending on the thickness of the wrap multiple layers may be necessary.
• Secure shipments to pallets with bands, tie downs, ratchet straps or rope.

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 Logistics, New Penn, Holland, Reddaway and YRC Glen Moore. Building on the strength of its heritage brands, Yellow Transportation and Roadway, the enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally.