YRCW vor charttechnischem Turnaround

.........Net income for first quarter 2020 was $4.3 million, or $0.13 per share, compared to net loss of $49.1 million, or $1.48 per share, in first quarter 2019. 

https://finance.yahoo.com/news/...eports-first-quarter-200210604.html

1.4800-0.0200 (-1.33%)

At close: May 11 4:00PM EDT

2.06 +0.58 (39.19%)
Pre-Market: 4:52AM EDT

https://finance.yahoo.com/quote/YRCW?p=YRCW

“We were able to finish the quarter with better liquidity than we had at the end of the year,” increasing available liquidity to $118 million from $80.4 million at the close of 2019, Mr. Hawkins said.

By  May 11, 2020 7:03 pm ET

https://www.wsj.com/articles/...-troubled-trucking-market-11589238197

The U.S. Department of Treasury said Wednesday that it approved a $700 million loan to the Overland Park-based trucking company. As part of the agreement, the government is to receive a 29.6% equity stake in YRC, according to a release.

https://www.forbes.com/sites/oracle/2020/06/18/...cloud/#76e59164192f

On Wednesday, YRC Worldwide announced its latest lending agreement, a $700 million, two-tranche program that will allow it to make delinquent health and welfare and pension payments as well as fund capital expenditures for its tractors and trailers. As part of the deal, YRC will be required to issue the Treasury Department shares of common stock, which YRC expects will equate to a 29.6% equity stake in the company.

‘Critical to maintaining national security'

https://finance.yahoo.com/news/trying-sense-yrc-bailout-132818170.html

https://finance.yahoo.com/news/...-inc-moodys-confirms-002707649.html

Overland Park-based YRC Worldwide Inc.’s lenders will give the company a break on its debt. 

https://www.bizjournals.com/kansascity/news/2020/...bt-extension.html

The trucker plans to use a $300 million tranche of the government loan to pay off health, pension and other obligations, and for working capital, Mr. Pierson said. Another $400 million will go toward buying new trucks and trailers for YRC’s aging fleet, according to the filing. That loan will mature on Sept. 30, 2024.

YRC doesn’t plan to pay the debt down during the life of the loan, intending instead to either pay it off or refinance at maturity, Mr. Pierson said.

“We are going to take every penny we can and invest it back into this company, and invest in the fleet and the rolling stock,” he said, which will reduce the company’s operating costs. Buying new trucks will save YRC between $10,000 and $12,000 per tractor “on maintenance alone,” he said. It is “not only refreshing the fleet, but it’s also additional liquidity to operate the business.”

https://www.wsj.com/articles/yrc-lenders-agree-to-extend-truckers-debt-terms-11594238914

FreightWaves  

 July 10, 2020 11:56am  

https://www.benzinga.com/news/20/07/16587918/s-p-says-the-yrcw-situation-is-good-enough-for-an-increase-in-the-companys-debt-rating

Industry: Shipping Services

YRC Freight named FreightCenter’s 2019 Diamond Partner of the Year for their outstanding shipping and customer service.

Palm Harbor, FL (PRUnderground) July 15th, 2020

A leader in the logistics industry, YRC Freight is one of 5 carriers selected as a FreightCenter 2019 Diamond Partner of the Year. YRC was selected for this award because of their ability to deliver flexibility and reliability to supply chains everywhere and continuing to demonstrate that they are a leader in LTL freight services.

https://www.prunderground.com/yrc-freight-recognized-as-a-top-performer-by-freightcenter-in-coy-awards/00195845/

Loan to trucking firm was the first made from $17 billion Cares Act fund for businesses critical to national security

https://www.wsj.com/articles/...ion-loan-to-yrc-worldwide-11595264213