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The receiver, also often noted as the consignee, is responsible for documenting any loss or damages that might result from the carriage and delivery of freight.
YRC Freight Profile YRC Freight is the largest subsidiary of Yellow with corporate headquarters in Overland Park, Kan. Other Yellow subsidiaries include Reddaway, Holland and New Penn.
FOB Destination, Freight Prepaid, & Charged Back: The seller takes responsibility for freight until delivery of the goods, and the buyer deducts the charges from the invoice. The original invoice includes the freight charges initially paid by the seller.
YRC stands for Yellow Roadway Corporation.
The most common type of cargo theft was hijacking, which last year accounted for 26% of incidents, compared with 17% in 2018, which reflects its popularity in South America, where hijacking accounts for 53% of all thefts.
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YRC, the fifth-largest trucking company in the U.S. by revenue, according to SJ Consulting Group Inc., carries some $880 million in long-term debt and was struggling to turn its operations around when the coronavirus pandemic hit, delivering a significant blow to its business.
OVERLAND PARK, Kan., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YRCW) announced today that it has changed its name from YRC Worldwide Inc. to Yellow Corporation and it will begin trading under the NASDAQ ticker symbol YELL effective February 8, 2021.
A debt-restructuring caused its stock price to plunge over 99%. Despite many efforts to cut costs and restore growth, YRC was never far from another implosion. The most recent industry slowdown \u2014 that began in 2019 and deepened further in 2020 due to the Covid-19 pandemic \u2014 made YRC's future even more precarious.
YRC Freight is one of the largest trucking companies in the United States, providing seamless LTL Freight service throughout Canada, Mexico, and the United States, including Alaska, Hawaii, Guam, U.S. Virgin Islands and Puerto Rico.
Market cap: $0.27 Billion.

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