YRC WorldWide is a transportation holding company.
The company was founded by Grover Cleveland Harrell in 1906 as the Yellow Cab Company with a horse-drawn hack and a team of horses.
Soon after he began to buy automobiles (Model T Fords) and in 1918 started painting the cars yellow. He subsequently copyrighted the “Yellow Cab” name.
In 1968 the company changed its name to Yellow Freight Systems to reflect an expansion of services.
In 1992 the company created Yellow Corporation, a holding company with Yellow Transportation as its largest division.
Today YRC WorldWide, through its subsidiaries, transports goods for manufacturing, wholesale, retail, and government customers in the US, Canada, and some international markets.
The company’s principal subsidiaries are YRC Freight, YRC Reimer, YRC Regional Transportation, New Penn, USF Holland, and USF Reddaway.
YRC WorldWide is publicly traded on the NASDAQ under the ticker symbol YRCW, is #506 in the Fortune 1000, has 32,000 employees, and had $4.99 billion in revenue in 2013.