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YRC Worldwide
Yellow Corporation is an American transportation holding company headquartered in Overland Park, Kansas. Its subsidiaries include national less than truckload (LTL) carrier YRC Freight, regional LTL carriers New Penn, Holland and Reddaway and freight brokerage HNRY Logistics. From 2006 to February 2021, Yellow was known as YRC Worldwide. History Foundation and early history In 1906, Grover Cleveland “Cleve” Harrell (1884–1942) started what was to become the Yellow Cab Company with a horse-drawn hack and a team of horses in Oklahoma City. After a year, he bought a Model T Ford. People were willing to pay more to ride in an automobile. After World War I, he bought two more cars and hired a relief driver. In 1918, Harrell painted one of his cars yellow. Although ridiculed by other cab drivers, he was hauling more passengers than anyone else, so he painted all his cars yellow and business boomed. Harrell trademarked the name Yellow Cab in Oklahoma. Later, John Hert ...
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Overland Park, KS
Overland Park ( ) is the second-most populous city in the U.S. state of Kansas. Located in Johnson County, Kansas, it is one of four principal city, principal cities in the Kansas City metropolitan area and the most populous suburb of Kansas City, Missouri. As of the 2020 United States census, 2020 census, the population of the city was 197,238. History In 1905, William B. Strang Jr. arrived and began to plot subdivisions along an old military roadway, which later became the city's principal thoroughfare. He developed large portions of what would later become downtown Overland Park. On May 20, 1960, Overland Park was officially incorporated as a "city of first class", with a population of 28,085. Less than thirty years later, the population had nearly quadrupled to 111,790 in 1990, increasing to 173,250 as of the 2010 census. Overland Park officially became the second largest city in the state, following Wichita, Kansas, after passing Kansas City, Kansas in the early 2000s. Popul ...
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Reimer Express Lines
Reimer Express Lines Ltd., which did business as YRC Reimer, was a Canadian less than truckload (LTL) carrier and subsidiary of YRC Worldwide based in Winnipeg, Manitoba. YRC retired the Reimer brand in 2019 merging it with YRC's largest LTL subsidiary, YRC Freight. History Foundation and early history Reimer was founded in 1952 when 19 year old Mennonite Donald S. Reimer convinced his father Frank F. Reimer and brothers Delbert Reimer and Gerald Reimer from the farming community of Steinbach, Manitoba to join him in starting a trucking business. The original route for the company was between Winnipeg and Windsor, Ontario, with Winnipeg being the head office. By December, Reimer offered services from Windsor to Vancouver and had extended eastward to Toronto by 1956. Reimer offered the first intermodal service in Canada in 1958 when they began providing this option for a Winnipeg to Fort William route via Canadian Pacific Railways. Neonex ownership In 1968 Reimer was acquired ...
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Carlisle, Pennsylvania
Carlisle is a Borough (Pennsylvania), borough in and the county seat of Cumberland County, Pennsylvania, United States. Carlisle is located within the Cumberland Valley, a highly productive agricultural region. As of the 2020 United States census, 2020 census, the borough population was 20,118; including suburbs in the neighboring townships, 37,695 live in the Carlisle urban cluster. Carlisle is the smaller principal city of the Harrisburg–Carlisle metropolitan statistical area, which includes all of Cumberland, Dauphin County, Pennsylvania, Dauphin, and Perry County, Pennsylvania, Perry counties in South Central Pennsylvania. In 2010, ''Forbes'' rated Carlisle and Harrisburg the second-best place to raise a family. The United States Army War College, U.S. Army War College, located at Carlisle Barracks, prepares high-level military personnel and civilians for strategic leadership responsibilities. Carlisle Barracks ranks among the oldest U.S. Army installations and the most senio ...
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Death Spiral Financing
Death spiral financing is the result of a badly structured convertible financing used to fund primarily small cap companies in the marketplace, causing the company's stock to fall dramatically, which can lead to the company's ultimate downfall. Some small companies rely on selling convertible debt to large private investors (see private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company at a discount to the market value of the common stock at the time of each conversion. Under a “death spiral” scenario, the holder of the convertible debt might short the issuer's common stock at which time the debt holder converts some of the convertible debt to common shares with which he then covers the debt holder's short position. The debt holder continues to sell short and cover with converted stock, which, along with selling by ot ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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USF Reddaway Truck
USF may refer to: Universities * University of Saint Francis (Indiana), Ft. Wayne, Indiana * University of San Francisco, California * University of South Florida, Tampa, Florida * University of St. Francis, Joliet, Illinois * University of Sioux Falls, South Dakota Locations * Universal Studios Florida, a theme park in Orlando, Florida File formats * Universal Subtitle Format * Nintendo Ultra 64 Sound Format Other uses * Ukrainian Shooting Federation, national governing body for shooting sports in Ukraine * Universal Service Fund, a United States government program * Upstream stimulatory factor, DNA-binding proteins regulating gene expression, see USF1 Upstream stimulatory factor 1 is a protein that in humans is encoded by the ''USF1'' gene. Function This gene encodes a member of the basic helix-loop-helix leucine zipper family and can function as a cellular transcription factor. The enco ... and USF2 * USAfrica Airways, defunct airline {{disambig ...
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The Journal Of Commerce
''The Journal of Commerce'' is a biweekly magazine published in the United States that focuses on global trade topics. First published in 1827 in New York, it has a circulation of approximately 15,000. It provides editorial content to manage day-to-day international logistics and shipping needs, covering the areas of cargo and freight transportation, export and import, global transport logistics and trade, international supply chain management and US Customs regulations. 1800s In 1827, Arthur Tappan and Samuel Morse decided that New York needed another newspaper. The ''Journal of Commerce'' operated two deepwater schooners to intercept incoming vessels and get stories ahead of the competition. Following Morse's invention of the telegraph, the ''JoC'' was a founding member of the Associated Press, now the world's largest news-gathering organization. Publications in the 19th century took positions on political issues and were rarely concerned with being impartial. The ''JoC'' wei ...
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Arkansas Best Corporation
ArcBest Corporation is an American holding company for truckload and less-than-truckload (LTL) freight, freight brokerage, household good moving, and transportation management companies. Historically, the company also owned furniture, banking, and other diverse subsidiaries. The company ranked fifteenth among for-hire carriers in the US for 2020 according to industry journal Transport Topics. History The company was formed in 1966 as Arkansas Best Corporation by Robert A. Young, owner of LTL carrier Arkansas-Best Freight System (now ABF Freight System), to be that carrier's holding company as a way to facilitate diversification. Young remained the company's chairman until his death in 1973. In the 1960s, the company acquired Healzer Cartage Company, Delta Motor Line and others. Arkansas Best Corp. went public on the NYSE as "ABZ" in 1972. At the time, in addition to Arkansas-Best Freight System, it also owned Riverside Furniture Corporation, the National Bank of Commerce of D ...
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Overnite Transportation
TForce Freight, a subsidiary of TFI International, is an American less than truckload (LTL) freight carrier based in Richmond, Virginia. The company was founded in 1935 as Overnite Transportation, the name it used until 2006 when it was rebranded UPS Freight by new owner UPS. Its name changed to TForce Freight in 2021 when UPS sold the company to TFI. History Foundation as Overnite Transportation TForce Freight traces its history back to 1935 when J. Harwood Cochrane founded the Overnite Transportation Company. Initially, the Overnite fleet consisted of one tractor, one trailer, and one straight truck. Overnite saw steady growth in its early years fueled in part by contracts with Philip Morris and R. J. Reynolds. During World War II, Overnite provided transportation for the U.S. Marine Corps. The company went public in 1957 and was listed on the New York Stock Exchange in 1962. Cochrane and Overnite became notorious for a strong anti-union stance despite a 1959 T ...
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Con-way
Con-way, Inc. was an American multinational freight transportation and logistics company headquartered in Ann Arbor, Michigan, United States. With annual revenues of $5.5 billion, Con-way was the second largest less-than-truckload transport provider in North America, with additional operations for global contract logistics, managed transportation, truckload and freight brokerage. The company's services were sold through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide. These operating units provided less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way, Inc. and its subsidiaries operated from more than 500 locations across North America and in 20 countries. The company was known as Consolidated Freightways, Inc. until 1996 when it spun off its long-haul trucking subsidiaries, CF MotorFreight and four others, into a separate, ind ...
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FedEx Freight
FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office (originally known as Kinko's), FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. FedEx is also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract. FedEx's prominence in bo ...
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