What Is YRC Worldwide?


Quick Answer

YRC Worldwide, also known as Yellow Roadway Corporation, is one of the largest transportation service providers on Earth. Additionally, the company is also the holding company for YRC Freight, YRC Reimer, New Penn, Holland and Reddaway. Headquartered in Overland Park, Kansas, YRC Worldwide advises companies and industries in heavyweight shipments and flexible supply-chain solutions. The company, officially founded in 1929, ships industrial, retail and commercial goods across the country.

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Full Answer

The corporation's roots started in 1906 with the founding of the Yellow Cab Company by Grover Cleveland Harrell. After the discovery of oil in Oklahoma, Harrell and his brothers purchased mules and started the Yellow Transit Freight Lines company in 1929. Just before America's entrance into World War II, Harrell sold the taxi-cab company but retained Yellow Transit Freight Lines. Harrell died in 1942, but the company grew under the ownership of George E. Powell Sr., who bought the company in 1952. In 1968, the company became Yellow Freight System Inc, and it responded to the deregulation of interstate trucking by restructuring into the Yellow Corporation in 1992. In December of 2003, the company acquired Roadway Corporation and formed the Yellow Roadway Corporation.

YRC Worldwide appeared on 2012 FORTUNE 500 List and Barron's 500, and won the ATA Mike Russell "Good Stuff" Trucking Image Award.

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