On the wires: SM Line IPO, the Koreans are coming – another ZIM?
With fresh cash burning a hole in its pockets, it’s going to need partners
“During May, we achieved ratification of our labor agreement which provides critical operational opportunities for our business. We believe these opportunities should provide the basis for improved profitability over time for the Company. However, during the second quarter, the labor contract impacted us in several ways.” – Darren Hawkins, chief executive officer of YRC Worldwide, 9 August 2019.
However: he added “first, we saw declining revenues due to temporary customer concern surrounding the labor negotiation. Second, while the labor contract was ratified ...