New labor contract and technology seen as solution for YRC’s “speed bump”

New labor contract and technology seen as solution for YRC’s “speed bump”

A new labor contract with the Teamsters and heavier Investments in technology are being viewed as two of the main curatives for YRC’s disappointing performance of late, which culminated in a $16.4 million decline in the LTL conglomerates third quarter EBITDA (earnings before the deduction of interest, tax and amortization expenses) numbers when compared to the same period in 2012.

On top that, despite a 1.3% improvement in consolidated third quarter operating revenues of $1.253

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