verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . october 2009 learn how and when to remove this template message yrc worldwide inc. type public traded as nasdaq yrcw industry transportation founded 1929 1 founder g.c. cleve harrell a.j. harrell headquarters overland park kansas usa area served worldwide revenue 4.869 billion 2011 2 operating income 138 million 2011 2 net income 354 million 2011 2 total assets 2.486 billion 2011 2 total equity 359 million 2011 2 number of employees 32 000 2011 2 subsidiaries yrc freight yrc reimer holland reddaway new penn website yrcw.com yrc worldwide inc. is the holding company for brands including yrc freight yrc reimer new penn usf holland and usf reddaway . yrc worldwide has a comprehensive network in north america and offers shipping of industrial commercial and retail goods . the company is headquartered in overland park kansas . 2 contents 1 history 2 color 3 image gallery 4 references 5 external links history edit in 1906 grover cleveland cleve harrell 1884 1942 started what was to become the yellow cab company with a horse drawn hack and a team of horses in oklahoma city . after a year he bought a model t ford . people were willing to pay more to ride in an automobile . after world war i he bought two more cars and hired a relief driver . in 1918 harrell painted one of his cars yellow . although ridiculed by other cab drivers he was hauling more passengers than anyone else so he painted all his cars yellow and business boomed . harrell trademarked the name yellow cab in oklahoma . later john hertz copied the yellow cab in chicago and obtained the national trademark for the use of the name . harrell s older brother a.j. harrell 1883 1972 had followed him to oklahoma city and had been successful in the operation of a horse and mule business during world war i. cleve needed extra capital for expansion so he formed a partnership with a.j. the company s offices were moved to 113 s. santa fe and their younger brother marvin harrell and their father jake harrell were added to the payroll . the partnership started a cross country bus line connecting oklahoma city and tulsa which was later sold to pickwick bus company of tulsa . cleve established the capital hill bus lines for the southern part of oklahoma city which he successfully operated for several months before selling it to the oklahoma street railway company . when oil was discovered in the oklahoma city area mules were needed for work in digging slush pits so the harrell brothers bought mules and in 1929 established the yellow transit freight lines to serve small manufacturers for whom freight was slow and express rates were prohibitive . by 1933 with the new deal and the nra most businesses came under government regulation in an attempt to increase employment . cleve together with taxicab operators from other parts of the country met in washington d.c. to formulate a regulatory code which didn t succeed . cleve then devised his own code and got government confirmation . about this time the harrell brothers dissolved the partnership . cleve took the taxicabs in the trade out as well as the yellow cab dynamic gasoline company . he sold the taxicab business in 1940 to eddie fuller who operated the y and y cab co. and maintained ownership of the gasoline company until his death on december 3 1942 . a.j. took control of the freight lines which he operated for many years . the company remained small until 1952 when an ownership group led by george e. powell sr. bought the freight company . during this time yellow helped pioneer the concept of consolidating small freight shipments into trailer loads . corporate headquarters in overland park kansas in 1968 the company name was changed from yellow transit freight lines to yellow freight system inc. during the deregulation of interstate trucking in the 1980s yellow freight system embarked on a massive restructuring by creating new distribution centers across the country to better serve customers . the company changed its name to yellow corporation in 1992 when it created a parent company with yellow transportation inc. as its largest division . in december 2003 yellow corp. acquired roadway corp. for 1.05 billion forming yellow roadway corporation . the merger more than doubled revenue ; yellow corp. posted a 2003 revenue of 3.07 billion and yellow roadway corp. had a 2004 revenue of 6.8 billion . these revenues continued to increase with the 1.5 billion acquisition of usf corp in 2005 . to a high of 9.9 billion in 2006 . these increases also saw jumps in profit which increased from 40 million in 2003 to 184 million in 2004 to a high of 288 million in 2005 . yellow roadway corp. also made forays into the international market particularly china . in september 2005 the company purchased half of chinese freight forwarding company jhj international transportation co. ltd. and in august 2008 bought a 65 percent share of chinese shanghai jiayu logistics co. yrc reported a net loss of 976 million for its 2008 fiscal year . in 2009 it again reported a net loss of 622 million . towards the end of 2009 yrc narrowly averted having to file for bankruptcy protection by successfully persuading its bondholders to exchange their 470 million in bond notes for roughly 94 % of the company s shares . concurrent with more recent manufacturing sector growth and recovery since the fourth quarter of 2009 yrc has again been approaching a net positive balance sheet . 3 nonetheless its share price declined in year 2010 more than 80 % raising in 2011 suspicions of death spiral financing . 4 in september 2011 the company completed a financial restructuring that has essentially wiped out any shareholder equity . 5 on march 1 2009 yellow transportation and roadway formally merged to create yrc inc. dba as yrc freight starting in 2012 . on december 15 2011 yrc worldwide sold a significant portion of glen moore including the carlisle pa terminal to celadon located in indianapolis in color edit in 1929 a.j. harrell enlisted the help of e. i. du pont de nemours and company to improve highway safety by determining the vehicle color that would be the most visible on the nation s highways . after the review was completed it was determined that the color of the swamp holly orange would be most visible from the greatest distance . swamp holly orange became the color used on all company tractors . 6 image gallery edit vintage yellow corporation logo restored 1939 mack truck and trailer restored 1948 white road tractor model wc 22t references edit http www.edumaritime.com transport logistics career yrc worldwide inc yrcw a b c d e f g yrc worldwide form 10 k annual report filing date feb 28 2012 pdf . secdatabase.com . retrieved feb 16 2013 . twiddy david march 16 2010 . yrc worldwide reports a fourth quarter profit ... . retrieved 2010 03 27 . financial summaries of yrc books 2008 2009 yrc worldwide a calculated risk . february 15 2011 . retrieved 2011 05 22 . big time losers and the reasons why . september 16 2011 . retrieved 2011 09 19 . http www.myyellow.com dynamic services content serviceguide fyi truckcolor.jsp external links edit yrc worldwide v t e trucking industry in the united states regulated by the federal motor carrier safety administration economy of the united states regulations commercial driver s license hours of service federal bridge gross weight formula electronic on board recorder motor carrier safety rating motor carrier act of 1980 international registration plan national network manufacturers truck manufacturers am general american lafrance autocar bering bremach brockway chevrolet ccc caterpillar cnh industrial diamond reo dina f650 pickups freightliner ford gmc hayes hino isuzu marmon herrington mercedes benz international kenworth mack mitsubishi fuso nissan oshkosh peterbilt ram trucks sterling smith spartan tiger truck toyota ud trucks via volvo ward lafrance western star white engine manufacturers caterpillar cummins detroit diesel mack maxxforce mercedes benz paccar volvo trailer manufacturers fontaine fruehauf trailer corporation hyundai translead lufkin trailers utility trailer manufacturing company vanguard wabash national wilson motor carriers truckload carriers celadon con way truckload covenant england crst ffe transportation j. b. hunt knight landstar system pam transport patriot transportation prime roehl transport schneider swift usa truck werner less than truckload ltl abf con way freight estes express lines fedex freight new england motor freight old dominion freight line pitt ohio express r l carriers saia southeastern ups freight yrcw third party logistics providers access america transport c. h. robinson worldwide casestack freightquote ryder total quality logistics xpo logistics national parcel carriers dhl express fedex ups united states postal service regional parcel carriers lasership ontrac moving companies allied atlas bekins gentle giant moving company global interstate mayflower national north american pods shleppers moving & storage strong college students two men and a truck united wheaton truck stops bowlin travel centers dixie travel plaza iowa 80 love s pilot flying j road ranger roady s t a & petro town pump people reginald denny jimmy hoffa fred smith john b. hunt kelly reno iyman faris larry walters keith jesperson organizations international brotherhood of teamsters owner operator independent drivers association dial a truck american trucking associations national private truck council fj management smartway transport partnership american moving & storage association glossary glossary of the american trucking industry popular culture film black dog breakdown convoy duel f.i.s.t. the gang s all here joy ride maximum overdrive over the top smokey and the bandit series they drive by night white line fever trucker television b. j. and the bear ice road truckers movin on trick my truck american loggers american trucker music convoy papa loved mama six days on the road teddy bear phantom 309 giddyup go the white knight east bound and down roll on eighteen wheeler drivin my life away eighteen wheels and a dozen roses girl on the billboard a tombstone every mile roll on big mama sweet home alabama radio road dog trucking dave nemo red eye bill mack dale sommers other the rolling memorial citizens band radio note defunct companies are shown in italics retrieved from https en.wikipedia.org w index.php title yrc worldwide & oldid 740037931 categories companies based in overland park kansastrucking companies of the united statescompanies listed on nasdaqyellow cab companyhidden categories articles needing additional references from october 2009all articles needing additional referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces 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