YRC Freight has mailed to union leadership a proposal for a new set of network improvements.
Once implemented, the network improvements will be another step in YRC Freight's efforts to continuously improve customer service, optimize linehaul density and load average, reduce empty miles and reduce shipment handling.
"By realigning our network, YRC Freight will reduce the number of handling and relay locations to build network density," said Jeff Rogers, president of YRC Freight. "These network improvements will be seamless to our customers and when implemented, will improve our service. Our continuing effort to optimize our network is also a key part of our sustainability efforts as we reduce mileage and emissions. Better density means fewer empty miles and less emissions."
A committee composed of union and company leadership will convene a formal hearing—expected to occur in April 2013—to consider the network improvements, which are expected to begin in May 2013.
"This is all about improving customer service and taking another step to regain a lead position in the North American LTL market," added Rogers. "This change also moves us closer to sustained profitability."
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "will," "expected" and similar expressions are intended to identify forward-looking statements. The company's expectations regarding the realignment of our network are only its current expectations. Actual timing and benefits of implementing these improvements will be determined by a number of factors, including (without limitation) the accuracy of the company's estimates regarding the expected benefits of the network improvements, the timing of the network realignment and the risk factors that are from time to time included in the company's reports on Forms 10-K and 10-Q filed with the SEC.