YELLOW / ROADWAY MERGER - JOB LOSSES

MILE MARKER # 45

YRC Faces Major Job Cuts. YRC Worldwide estimated 3,750 jobs could be cut from its Yellow Transportation and Roadway subsidiaries as the company works to merge operations.
The cuts would represent 15 percent of a 25,000 employee base at the two long-haul carriers. "That's pretty close," said YRC Chairman and CEO William D. Zollars.

The cuts would also represent the latest round of layoffs company-wide over the last year as the nation's largest trucking company deals with weak volume and competitive pricing in the LTL market. YRC reported a 10 percent drop in profits on a 3.3 percent decrease in revenue during the third quarter.

YRC previously estimated combining Yellow and Roadway would eventually eliminate 200 of approximately 650 terminals in the two networks.

A spokesman for the Teamsters union, which represents the hourly workers that would be affected by the latest round of layoffs, declined to comment until after a Yellow-Roadway integration meeting with management in early November.