OVERLAND PARK, Kan., May 11, 2012 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today announced it has been named to the FORTUNE 500 list of the largest U.S.-based companies. YRCW was ranked 487 overall.
"We are in good company, as many of the organizations on this list are among our more than 200,000 customers that depend on our LTL service as a critical part of their supply chains," said James Welch, chief executive officer of YRC Worldwide. "We recently launched a newly optimized network for our largest subsidiary YRC Freight. The new network is engineered to improve service and increase efficiencies on a large scale and we expect it will improve on-time performance and decrease cargo claims, ultimately increasing customer satisfaction across the board. Holland, Reddaway and New Penn continue to provide industry leading service and are focusing on growth and yield that is
commensurate with the value they provide day in and day out," added Welch.
FORTUNE's methodology for the FORTUNE 500 is that companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements.
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is the holding company for a portfolio of successful brands including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn, and provides China-based services through its JHJ joint venture. YRC Worldwide has one of the largest, most comprehensive less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit www.yrcw.com for more information.
Web site: www.yrcw.com
Follow YRC Worldwide on Twitter: http://twitter.com/yrcworldwide
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SOURCE YRC Worldwide