On November 21st, A Labor Relations Vice President with Yellow Transportation issued a request for a Multi Region Change of Operations (MRCOO) be docketed for hearing at the Eastern Region Joint Area meetings the week of January 22, 2007 in Myrtle Beach, South Carolina.
The introduction letter indicates the proposed Change of Operations will not alter any method of road dispatch currently in effect or as a result of any other approved Change of Operations or agreements, unless referenced in the proposed Change of Operations filing.
YRC Worldwide CEO Bill Zollars Establishes 10b5-1 Trading Plan
YRC Worldwide Inc. announced that Bill Zollars, Chairman, President and CEO of YRC Worldwide, has adopted a stock trading plan ("the plan") in accordance with Rule 10b5-1 of the Securities Act of 1934. Mr. Zollars' plan is a component of his overall tax and financial planning strategy that is designed to provide enhanced diversification and liquidity.
Rule 10b5-1 enables corporate officers and directors to establish stock trading plans for the orderly sale of predetermined amounts of securities. Such plans may be initiated only when the officers and directors are not in possession of material, non-public information. The rule allows individuals adopting such plans to sell shares over a specified amount of time, at specific prices in the future, even if subsequent material, non-public information becomes available to them.
Under the provisions of Mr. Zollars' plan, up to 104,465 of the 154,465 stock options he currently holds may be exercised and sold. Mr. Zollars' beneficial ownership of 213,058 shares of YRC Worldwide common stock is unaffected. Any transactions executed under the provisions of the plan, which is effective for approximately five months, will be reported through Form 4 filings with the Securities and Exchange Commission.
Just for the records their 2005/ 2004 information...
Yellow Roadway Corporation Reports Highest Quarterly EPS in Company History
Yellow Roadway Corporation (Nasdaq: YELL) today announced third quarter 2005 adjusted diluted earnings per share ("EPS") of $1.53 compared to last year's third quarter of $1.38. Third quarter 2005 EPS includes $.04 per share of dilution from the company's contingent convertible notes based on an average YELL stock price of $48.84 for the quarter.
William Zollars, CEO of Yellow Roadway, the largest trucker in the United States, says that "it requires an army of people to do the paperwork." In addition to diverting some 200 employees to work on Sarbox in the fourth quarter of 2004, Zollars spent $9 million — more than 3 percent of his firm’s annual profit — on outside accountants and auditors. But Yellow Roadway may be getting off cheaply, as Business Week puts the average large-company compliance price tag at upward of $35 million.
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