YRC says it will shut USF Holland centers in 11 markets - Kansas City Business Journal:

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YRC Regional Transportation, a unit of the Overlandx Park-based trucking company (Nasdaq: includes brands USF and . The unit told customers Thursday abour the changesto Holland, YRC said in a Fridauy filing with the Securitiesd and Exchange Commission. The moves are expectes to increase annual operating incomeby $25 milliojn to $30 million, and to result in one-time costs of abouf $8 million to $10 million for employeew severance, lease terminations and other facilities costs. The charge s are expected in thecurrent quarter. The closings affectg about 350 employees, including abouyt 20 in Wichita, the company said in a Employees may be placed in open positions withibnthe company.
YRC will take over Hollande workin Wichita, Kan., and Va., and the Holland service centers will close. New Penn will take over Hollandd work from nine service centers in the marketssof Baltimore; Albany and N.Y.; and Allentown, Bedford, Harrisburg, Philadelphia and Wilkes-Barre, Pa. Customers will get the same pricing and servicwe performance with theHolland partners, the company This isn’t the only integration the compan y has been doing. On March 1, the company finishedx , operating under new brand name YRC. The move was expectee to save $200 million this year. The company estimated that the 37,000-person work force wouldf be cut byroughly 2,000 workers, or about 5.
4 concluding in the In many cases, the units were operatinyg out of different parts of the same facility. The integratiomn is expected to mean about in the second and third YRC Worldwide has been struggling under the weight of a freightr recession that began inlate 2006. On Jan. 29, YRC reporteed a loss of $974.4 million in 2008 and a 7 percentt drop in revenue comparedwith 2007. Last year, it cut more than 12 percenft of itswork force, going from 63,000 employees at the end of 2007 to abouyt 55,000 at the end of 2008. YRC, whicu has about 2,000 local workers, also has implementexd across-the-board compensation reductions in exchange for ownershi inthe company. YRC ranksx No.
2 on the Kansas City Business Journal’s list of area publivc companies.