YRC Worldwide Inc. (YRC Worldwide), incorporated in 1983, is a holding company, through its wholly owned operating subsidiaries offers the customers a range of transportation services. These services include global, national, and regional transportation, as well as logistics. The Company's operating subsidiaries includes YRC National Transportation (National Transportation), YRC Regional Transportation (Regional Transportation), YRC Logistics, and YRC Truckload (Truckload). National Transportation is the reporting unit for the transportation service providers focused on business opportunities in regional, national, and international services. Regional Transportation is the reporting unit for the transportation service providers focused on business opportunities in the regional and next-day delivery markets. YRC Logistics plans and coordinates the movement of goods worldwide to provide customers a single source for logistics management solutions. Truckload reflects the results of Glen Moore, a provider of truckload services throughout the United States. In August 2008, YRC Logistics acquired 65% of Shanghai Jiayu Logistics Co.
YRC National Transportation
National Transportation offers a range of services for the transportation of industrial, commercial, and retail goods in regional, national, and international markets, primarily through the operation of owned or leased equipment in their respective North American surface distribution networks. Transportation services are provided for various categories of goods, which may include (among others) apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products or components. National Transportation provides both less-than truckload (LTL) services, which combines shipments from multiple customers on a single trailer, and truckload services. National Transportation provides services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, global transportation, product returns, temperature-sensitive shipment protection, and government material shipments. National Transportation serves more than 560,000 manufacturing, wholesale, retail, and government customers throughout North America.
National Transportation provides services throughout North America, including within Puerto Rico, Guam, Alaska, and Hawaii. National Transportation also has affiliates that provide services in Mexico and Canada. During the year ended December 31, 2008, National Transportation had 14,327 owned tractors, 2,348 leased tractors, 59,682 owned trailers, and 2,802 leased trailers. The National Transportation network includes 521 strategically located facilities with 24,763 doors. National Transportation accounted 70% of the total operating revenue in 2008.
YRC Regional Transportation
Regional Transportation is comprised of New Penn, Holland, and Reddaway. Regional Transportation companies deliver services in the next-day, second-day, and time-sensitive markets. The Regional Transportation service portfolio includes Regional delivery, including next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and other offerings. Expedited delivery, including day-definite, hour-definite and time definite capabilities; Inter-regional delivery, which combines the regional networks with reliable sleeper teams, Regional Transportation provides services between the regional operations. Cross-border delivery, through strategic partnerships, the Regional Transportation companies provides service capabilities between the United States, Canada, Mexico, and Puerto Rico. USFNet.com and NewPenn.com, which are both e-commerce Websites offerings secure, and customized online resources to manage transportation activity.
The Regional Transportation companies serve more than 180,000 manufacturing, wholesale, retail, and government customers throughout North America. During the year ended December 31, 2008, the Regional Transportation network included 161 service centers with 7,637 doors and the fleet included 7,933 tractors, and 18,177 trailers. Regional Transportation companies accounted 22% of the total operating revenue in 2008.
YRC Logistics
YRC Logistics is a global logistics services provider that plans and coordinates the movement of goods worldwide to provide customers a single source for logistics management solutions. YRC Logistics delivers a range of global and domestic logistics services, with the ability to provide clients services through the design, implementation, and execution of logistics solutions. Its broad portfolio of services makes it possible to offer end-to-end supply chain solutions supported by the visibility of Web-native technology.
YRC Logistics service portfolio services comprise: Distribution Services that include Flow Through and Pool Distribution, Dedicated Warehousing and Value Added Services; Global Services that include: International Freight Forwarding, Customs Brokerage and Value Added Services; and Transportation Services that include: Truckload Brokerage, Dedicated Contract Carriage, Domestic Freight Forwarding and Transportation Management. YRC Logistics accounted for 7% of the total operating revenue in 2008.
YRC Truckload
Glen Moore provides spot, dedicated, and single-source truckload services on both a regional and national level through the use of company and team-based drivers. Glen Moore has two primary domiciles located in Carlisle, Pennsylvania, and Knoxville, Tennessee. YRC Truckload accounted 1% of the total operating revenue in 2008.
Shared Services
The Company has three wholly owned subsidiaries that provide shared support services across the YRC Worldwide enterprise. These are YRC Worldwide Technologies, YRC North American Transportation and YRC Assurance Co. Ltd. (YRC Assurance). YRC Worldwide Technologies and YRC Logistics together provide hosting, infrastructure services, and managed transportation business systems development. YRC North American Transportation provides a variety of centrally managed support services to its operating companies. These services span nearly all functions, including components of finance, operations support, sales and marketing, and security. YRC Assurance is an insurance company domiciled in Bermuda and a wholly owned and consolidated subsidiary of YRC Worldwide. YRC Assurance provides insurance services to certain wholly owned subsidiaries of YRC Worldwide
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$1.82 (06/28/09)
