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No immediate changes at YRC facilities in Pennsylvania

By - Last modified: March 21, 2013 at 12:21 PM

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It does not appear there are immediate large changes scheduled for YRC Worldwide Inc.'s workforces in Pennsylvania in light of its announcement last week that it wants to close facilities in its YRC Freight network to improve operational efficiency.

YRC, the Kansas-based trucking conglomerate, does not have any Worker Adjustment and Retraining Notification (WARN) letters filed in Pennsylvania, according to the state Department of Labor and Industry.

On March 12, YRC announced it sent plans to the Teamsters union, which represents its workers, seeking approval for select facility closings around the country.

“By realigning our network, YRC Freight will reduce the number of handling and relay locations in order 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. The ongoing 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.”

On Monday, YRC Worldwide’s stock price jumped 20 percent to $9.60 per share, and the company issued a brief statement Tuesday saying it had no explanation for the sudden spike. The price moderated over the past two days but was rising by 2.7 percent to $8.58 a share just before noon today.

Company and union leadership will form a committee and hold a hearing in April to consider network improvements that are expected to be implemented in May, according to YRC.

Companies file WARN letters when considering or planning plant closings or mass layoffs of 500 or more workers in a month’s time. The letters provide a 60-day notice for workers. For companies with more than 50 employees, layoffs constituting a third of the workforce require the notices. Companies occasionally file the notices even if the layoffs or closings possibly could be avoided so that their bases are covered.

YRC is the parent of Lebanon-based New Penn Motor Express Inc., and it operates a large warehouse in Middlesex Township, Cumberland County. The location received jobs when the company closed a Lancaster County location three years ago when it shut 12 percent of its terminals.

YRC trades its shares on the Nasdaq under the ticker symbol YRCW.

 

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at jimr@cpbj.com. Follow him on Twitter, @JimTRyanCPBJ.

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