YRC CEO Hawkins sees light at end of financial tunnel for LTL units

摘要

Financially struggling YRC Worldwide, which collectively represents the second-largest group of carriers in the $43 billion less-than-truckload (LTL) sector, will benefit from closings and reduced capacity in the $340 billion full truck-load (TL) market, analysts and top YRC officials are telling Logistics Management. "The year 2019 will probably ended with close to 800 closings in the truck-load industry," said Darren Hawkins, president and CEO of YRC Worldwide. "That lessens capacity. Plus, the driver shortage, increased alcohol and drug screenings, and the insurance market will all have an additional impact capacity. The truckload market is nearly 10 times the size of the LTL market, but a ripple in truckload can create a tidal wave in LTL."