YRC could let go 3,750 employees in integration measure

the nation’s largest trucking company will lay off about 3,750 drivers and dockworkers as it blends its Roadway and Yellow Transportation units.

The Associated Press

10/30/2008

NEW YORK — YRC Worldwide says it will cut 6 percent of its work force in a cost-reduction move. It’s part of an accelerated plan to integrate the company’s Roadway and Yellow Transportation units.

A spokeswoman says the nation’s largest trucking company will lay off up to 3,750 drivers and dockworkers as it blends the units. Job cuts were widely expected after the company sped up the integration last month.

The Overland Park, Kan.-based company has about 58,000 employees. It said last week its third-quarter earnings fell 10 percent from a year earlier. But excluding some one-time items, YRC Worldwide Inc. reported a much wider loss than Wall Street expected.