Introduction
Poor results, activist pressure, board shuffling, and a government loan/equity infusion combo - 2020 has certainly been an exciting year for YRC Worldwide (YRCW).
The company is a large, less than truckload trucking and logistics company. The company has multiple brands and segments and operates long haul trucking, regional trucking, and logistics planning segments.
Source: Company Website
Setting the Stage
Before we get to 2020's drama, let's set the stage. Up until this year, YRC had been performing consistently below average. Revenue had been stagnant for years and they usually produced a