YRC Worldwide Inc. on Wednesday, July 8, announced additional progress in its plan to realize efficiencies from the YRC integration, restore financial strength and position its operating companies for future success:
YRC Worldwide talks progress on financial plan
“We can’t control the economic environment, but we certainly can and are controlling our response to it,” says Bill Zollars, chairman, president and chief executive officer of YRC Worldwide, based in Overland Park, Kan. “Our self-help recovery plan is proactive and has the support of our stakeholders. We are taking the steps needed to manage our plan today, and position our company for success as the economy recovers.”
The company also recently earned a Kaizen Challenge Award for continuous improvement from Toyota North American Parts Organization for the second consecutive year. Kaizen is an integral component of the Toyota Production System, and to encourage its suppliers to embrace the same standards, Toyota created the Kaizen Challenge Award. The award recipients are the suppliers that most effectively used Kaizen principles in helping Toyota address its supply-chain challenges; all preferred suppliers are considered. About 20 preferred suppliers participated in the 2008 Kaizen Challenge, and YRC Worldwide was one of three award recipients in its class.
The 2008 Kaizen Challenge award recognizes YRC Worldwide for developing a plan to improve delivery efficiency for oversized and heavy parts such as truck beds, truck frames, drivetrains, transmissions and engines from parts distribution centers and vendors to Toyota dealers throughout the country. Plan elements included nationwide implementation of a standard process for equipment placement and material handling and a customer service process to coordinate delivery service with dealers. As a result of this process, damage claims and injuries virtually were eliminated, according to the companies.
“The employees of YRC Worldwide are gratified to receive this prestigious recognition from Toyota,” says Greg Reid, executive vice president and chief marketing officer for YRC Worldwide. “Not only does it demonstrate our ability to deliver innovative cost-effective solutions, it is a great vote of confidence from a valued client. We’re honored and dedicated to continue to exceed the expectations of Toyota in the future.”