Yellow (YELLQ) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 27, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	YRC Worldwide Inc.
Entity Central Index Key	716,006
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		33,518,313

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 160.8	$ 136.7
Restricted amounts held in escrow	54	126.7
Accounts receivable, net	528.5	448.7
Prepaid expenses and other	66.6	68.7
Total current assets	809.9	780.8
Property and Equipment:
Cost	2,751.7	2,787
Less – accumulated depreciation	(1,932.6)	(1,916.4)
Net property and equipment	819.1	870.6
Intangibles, net	27.8	27.2
Restricted amounts held in escrow	0	12.3
Deferred income taxes, net	0	24.9
Other assets	44.8	54.2
Total Assets	1,701.6	1,770
Liabilities and Shareholders’ Deficit
Accounts payable	175	160.6
Wages, vacations and employee benefits	212.1	191
Deferred income taxes, net	0	24.9
Claims and insurance accruals	116	114.9
Other accrued taxes	27.6	27.6
Other current and accrued liabilities	24.2	26.1
Current maturities of long-term debt	28.5	16.8
Total current liabilities	583.4	561.9
Other Liabilities:
Long-term debt, less current portion	913	980.3
Deferred income taxes, net	3.1	3.6
Pension and postretirement	316.3	358.2
Claims and other liabilities	289.5	282.2
Commitments and contingencies
Shareholders’ Deficit:
Preferred stock, $1 par value per share	0	0
Common stock, $0.01 par value per share	0.3	0.3
Capital surplus	2,322.1	2,319.2
Accumulated deficit	(2,221.1)	(2,217.8)
Accumulated other comprehensive loss	(412.3)	(425.2)
Treasury stock, at cost (410 shares)	(92.7)	(92.7)
Total shareholders’ deficit	(403.7)	(416.2)
Total Liabilities and Shareholders’ Deficit	$ 1,701.6	$ 1,770

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Treasury stock, shares	410	410

Statements of Consolidated Comp

Statements of Consolidated Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Operating Revenue	$ 1,251.2	$ 1,221.3	$ 3,682.4	$ 3,549.2
Operating Expenses:
Salaries, wages and employee benefits	726.8	715.8	2,188.1	2,132.6
Operating expenses and supplies	216.6	206.9	642.6	595.7
Purchased transportation	169.1	156.8	463.2	409
Depreciation and amortization	36.7	40.3	111	119.5
Other operating expenses	60.6	62.5	187.4	194.2
(Gains) losses on property disposals, net	1.3	0.2	3	(11.2)
Total operating expenses	1,211.1	1,182.5	3,595.3	3,439.8
Operating Income	40.1	38.8	87.1	109.4
Nonoperating Expenses:
Interest expense	25.9	25.6	77	77.9
Other, net	10.3	(1.2)	13	(0.9)
Nonoperating expenses, net	36.2	24.4	90	77
Income (loss) before income taxes	3.9	14.4	(2.9)	32.4
Income tax expense	0.9	0.5	0.4	3.4
Net income (loss)	3	13.9	(3.3)	29
Other comprehensive income, net of tax	2.5	2.3	12.9	2.9
Comprehensive Income	$ 5.5	$ 16.2	$ 9.6	$ 31.9
Average Common Shares Outstanding – Basic (in shares)	32,723	32,466	32,550	32,398
Average Common Shares Outstanding – Diluted (in shares)	33,592	33,194	32,550	32,915
Basic and Diluted Loss Per Share
Income (loss) Per Share – Basic (in dollars per share)	$ 0.09	$ 0.43	$ (0.10)	$ 0.89
Income (loss) Per Share – Diluted (in dollars per share)	$ 0.09	$ 0.42	$ (0.10)	$ 0.88

Statements of Consolidated Cash

Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating Activities:
Net income (loss)	$ (3.3)	$ 29
Noncash items included in net income (loss):
Depreciation and amortization	111	119.5
Noncash equity-based compensation and employee benefits expense	16.9	16.2
Deferred income tax benefit	(4.8)	0
(Gains) losses on property disposals, net	3	(11.2)
Gain on disposal of equity method investment	0	(2.3)
Other noncash items, net	12.5	7.6
Changes in assets and liabilities, net:
Accounts receivable	(78.8)	(49.7)
Accounts payable	12.9	0.8
Other operating assets	11.4	4.1
Other operating liabilities	(16.6)	(28)
Net cash provided by operating activities	64.2	86
Investing Activities:
Acquisition of property and equipment	(70.8)	(75.4)
Proceeds from disposal of property and equipment	8.2	26.5
Restricted escrow receipts	95	112.1
Restricted escrow deposits	(10)	(32.9)
Proceeds from disposal of equity method investment, net	0	14.6
Net cash provided by investing activities	22.4	44.9
Financing Activities:
Repayments of long-term debt	(48.2)	(26.5)
Debt issuance costs	(14.3)	(1.8)
Net cash used in financing activities	(62.5)	(28.3)
Net Increase In Cash and Cash Equivalents	24.1	102.6
Cash and Cash Equivalents, Beginning of Period	136.7	173.8
Cash and Cash Equivalents, End of Period	160.8	276.4
Supplemental Cash Flow Information:
Interest paid	(78.7)	(68.5)
Income tax refund (payment), net	$ 3.2	$ (4.1)

Statement of Consolidated Share

Statement of Consolidated Shareholders' Deficit (Unaudited) - 9 months ended Sep. 30, 2017 - USD ($) $ in Millions	Total	Preferred Stock:	Common Stock:	Capital Surplus:	Accumulated Deficit:	Accumulated Other Comprehensive Loss:	Reclassification of prior net pension actuarial losses, net of tax	Foreign currency translation adjustments	Treasury Stock, At Cost:
Beginning balance at Dec. 31, 2016				$ 2,319.2	$ (2,217.8)	$ (425.2)			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation				2.9
Net loss					(3.3)
Change in other comprehensive income							$ 6.9	$ 6
Ending balance at Sep. 30, 2017	$ (403.7)	$ 0	$ 0.3	$ 2,322.1	$ (2,221.1)	$ (412.3)			$ (92.7)

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Description of Business	Description of Business YRC Worldwide Inc. (also referred to as “YRC Worldwide,” the “Company,” “we,” “us” or “our”) is a holding company that, through wholly owned operating subsidiaries, offers its customers a wide range of transportation services. YRC Worldwide has one of the largest, most comprehensive less-than-truckload (“LTL”) networks in North America with local, regional, national and international capabilities. Through our team of experienced service professionals, we offer expertise in LTL shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Our reporting segments include the following: • YRC Freight is the reporting segment that focuses on longer haul business opportunities with national, regional and international services. YRC Freight provides for the movement of industrial, commercial and retail goods, primarily through centralized management. This reporting segment includes our LTL subsidiaries YRC Inc. (doing business as, and herein referred to as, “YRC Freight”) and Reimer Express Lines Ltd. (“YRC Reimer”). YRC Reimer is a subsidiary located in Canada that specializes in shipments into, across and out of Canada. In addition to the United States and Canada, YRC Freight also serves parts of Mexico and Puerto Rico. • Regional Transportation is the reporting segment for our transportation service providers focused on business opportunities in the regional and next-day delivery markets. Regional Transportation is comprised of USF Holland LLC (“Holland”), New Penn Motor Express LLC (“New Penn”), and USF Reddaway Inc. (“Reddaway”). These companies each provide regional, next-day ground services in their respective regions through a network of facilities located across the United States, Canada, and Puerto Rico. At September 30, 2017 , approximately 78% of our labor force is subject to collective bargaining agreements, which predominantly expire in March 2019.

Principles of Consolidation

Principles of Consolidation	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying Consolidated Financial Statements include the accounts of YRC Worldwide and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. We report on a calendar year basis. The quarters of the Regional Transportation companies (with the exception of New Penn) consist of thirteen weeks that end on a Saturday either before or after the end of March, June and September, whereas all other operating segment quarters end on the natural calendar quarter end. For ease of reference, the calendar quarter end dates are used herein. We make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and notes. Actual results could differ from those estimates. We have prepared the Consolidated Financial Statements, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, we have made all normal recurring adjustments necessary for a fair statement of the financial position, results of operations and cash flows for the interim periods included in these financial statements. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted from these statements pursuant to SEC rules and regulations. Accordingly, the accompanying Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2016 . Fair Value of Financial Instruments The following table summarizes the fair value hierarchy of our financial assets and liabilities carried at fair value on a recurring basis as of September 30, 2017 : Fair Value Measurement Hierarchy (in millions) Total Carrying Value Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Restricted amounts held in escrow-current $ 54.0 $ 54.0 $ — $ — Total assets at fair value $ 54.0 $ 54.0 $ — $ — Restricted amounts held in escrow are invested in money market accounts and are recorded at fair value based on quoted market prices. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximate their fair value due to the short-term nature of these instruments. Equity Method Investment On October 23, 2015, the Company entered into a sale and purchase agreement to sell its fifty percent equity interest in its Chinese joint venture, JHJ International Transportation Co., Ltd. (“JHJ”), for a purchase price of $16.3 million , which subsequently closed on March 30, 2016. At closing, we received proceeds of $16.3 million and paid transaction fees of $1.7 million . As of March 30, 2016, the carrying value of the investment was $22.7 million with an offsetting cumulative foreign translation adjustment of $10.4 million , resulting in a net gain on the transaction of $2.3 million . The gain on the transaction is included in “Nonoperating expenses - Other, net” in the accompanying statement of consolidated comprehensive loss for the three and nine months ended September 30, 2016 . Reclassifications Out of Accumulated Other Comprehensive Loss For the three and nine months ended September 30, 2017 , we reclassified the amortization of our prior net pension losses, net of tax, totaling $(0.9) million and $6.9 million , respectively, from accumulated other comprehensive loss to net income (loss). For the three and nine months ended September 30, 2016 , we reclassified the amortization of our prior net pension losses, net of tax, totaling $3.5 million and $10.3 million , respectively, from accumulated other comprehensive loss to net income. This reclassification is a component of net periodic pension cost and is discussed in the “Employee Benefits” footnote to the consolidated financial statements. In addition, for the three and nine months ended September 30, 2016 , we also reclassified foreign currency translation adjustments of $10.4 million related to our investment in JHJ from accumulated other comprehensive loss to net income, as discussed in the “Equity Method Investment” section above. Impact of Recently Issued Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-14, Revenue from Contracts with Customers, Deferral of the Effective Date, which defers the effective date of ASU 2014-9, Revenue from Contracts with Customers . The new standard introduces a five-step model to determine when and how revenue is recognized. The premise of the new model is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard will be effective for the Company for its annual reporting period beginning January 1, 2018, including interim periods within that reporting period. Entities are allowed to transition to the new standard by either recasting prior periods or recognizing the cumulative effect using a modified retrospective approach. The Company has completed the process of reviewing customer contracts and we believe the model in which our transportation revenue is recognized under the new standard will not be materially impacted. The Company will formalize an assessment, including the impacts of new expanded disclosure requirements and the impacts on the Company’s internal control over financial reporting, in the fourth quarter of 2017 and will adopt the new standard in the first quarter of 2018 using the modified retrospective transition approach. In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes , which requires entities with a classified balance sheet to present all deferred tax assets and liabilities as noncurrent. The ASU allows entities to choose either prospective or retrospective transition. The Company adopted the standard in the first quarter of 2017 and elected prospective application; accordingly, historical periods were not adjusted. There was no material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases , which requires lessees to recognize a right-to-use asset and a lease obligation for all leases. Lessees are permitted to make an accounting policy election to not recognize an asset and liability for leases with a term of twelve months or less. Additional qualitative and quantitative disclosures, including significant judgments made by management, will be required. The new standard will become effective for the Company for its annual reporting period beginning January 1, 2019, including interim periods within that reporting period and requires a modified retrospective transition approach. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cos t, which requires companies to present the service cost component of net benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. All other components of net benefit cost are presented outside of any subtotal for operating income, if one is presented. The new standard is effective for the Company for its annual reporting period beginning January 1, 2018, including interim periods within that reporting period with retrospective application. Early application is permitted for the first quarter of 2017. The Company will adopt the standard in the first quarter of 2018. For the three and nine months ended September 30 , 2017 , the amount to be reclassified to “Other, net” in nonoperating expenses from “Salaries, wages and employee benefits” in operating expenses is $1.9 million and $5.7 million , respectively, if adopted. Accordingly, the Company does not believe the adoption of this standard will have a material impact on its consolidated financial statements.

Debt and Financing

Debt and Financing	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt and Financing	Debt and Financing Our outstanding debt as of September 30, 2017 consisted of the following: As of September 30, 2017 (in millions) Par Value Discount Debt Issuance Costs Book Value Stated Interest Rate Average Effective Interest Rate Term Loan $ 599.1 $ (11.0 ) $ (8.5 ) $ 579.6 9.7 % (a) 10.1 % ABL Facility — — — — N/A N/A Secured Second A&R CDA 26.9 — (0.1 ) 26.8 4.3-18.3% 7.5 % Unsecured Second A&R CDA 73.2 — (0.3 ) 72.9 4.3-18.3% 7.5 % Lease financing obligations 263.2 — (1.0 ) 262.2 9.0-18.2% 12.0 % Total debt $ 962.4 $ (11.0 ) $ (9.9 ) $ 941.5 Current maturities of Term Loan (17.0 ) — — (17.0 ) Current maturities of lease financing obligations (11.5 ) — — (11.5 ) Long-term debt $ 933.9 $ (11.0 ) $ (9.9 ) $ 913.0 (a) Variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% , plus a fixed margin of 8.50% . ABL Facility Availability Our principal sources of liquidity are cash and cash equivalents, available borrowings under our asset-based loan facility (the “ABL Facility”) and any prospective net cash flow from operations. As of September 30, 2017 , our availability under our ABL Facility was $94.0 million , which is derived by reducing the amount that may be advanced against eligible receivables plus eligible borrowing base cash by certain reserves imposed by the ABL Agent and our $356.0 million of outstanding letters of credit. Of the $94.0 million in availability, we do not expect to access more than $49.0 million (“Managed Accessibility”) based on our springing fixed charge coverage ratio (as set forth in our ABL Facility). Our cash and cash equivalents and Managed Accessibility was $209.8 million as of September 30, 2017 . Term Loan Amendment On July 26, 2017 , the Company entered into Amendment No. 4 (the “Amendment”) to the credit agreement (the “Term Loan Agreement”) governing our term loan facility (the “Term Loan”), which extended the maturity date to July 26, 2022 subject to the extension of the Secured and Unsecured Second Amended and Restated Contribution Deferral Agreement (the “Second A&R CDA”) on or before November 1, 2019 to a date that is at least 91 days after the final maturity date of the Term Loan. If the Second A&R CDA is not extended, the maturity date of the Term Loan will spring back to November 1, 2019 . The Amendment provided that the outstanding term loans under the Term Loan Agreement are satisfied and discharged in full and that the Company incurred new term loans in the aggregate principal amount of $600 million . The Amendment increased the annual principal payments from 1% to 3% per annum and increased the applicable interest rate, at either the applicable LIBOR (subject to a floor of 1% ), plus a margin of 8.50% or an alternative base rate (as defined in the Term Loan Agreement) plus a margin of 6.50% . In connection with the Amendment, the Company paid $35.2 million in principal and incurred $9.7 million in original issuance discount and an estimated $8.1 million in transaction costs for third party fees. The Amendment resulted in a partial extinguishment of $1.5 million in capitalized original issuance discount and unamortized deferred debt issuance costs relating to the existing Term Loan. The $9.7 million in original issuance discount relating to the Amendment was capitalized and will be amortized through interest expense over the life of the Term Loan. Of the $8.1 million in transaction fees, $6.7 million was expensed as debt issuance costs in proportion to the Term Loan that was modified in the third quarter (presented within “Other, net” on the statement of consolidated comprehensive income) and the remaining $1.4 million was capitalized and will be amortized over the life of the Term Loan. As a result of the extension in the maturity date under the Term Loan, the maturity date of the ABL will extend to June 28, 2021 , as provided under Amendment No. 2 to the ABL, provided the final condition to the Term Loan’s extension is met upon the extension of the Second A&R CDA. Otherwise, the maturity date of the ABL is February 13, 2019 . Credit Facility Covenants The Term Loan Agreement governing our Term Loan has certain financial covenants, as amended on July 26, 2017, that, among other things, restrict certain capital expenditures and require us to comply with a maximum total leverage ratio covenant (defined as Consolidated Total Debt divided by Consolidated Adjusted EBITDA as defined below). Our total maximum leverage ratio covenants are as follows: Four Consecutive Fiscal Quarters Ending Maximum Total Four Consecutive Fiscal Quarters Ending Maximum Total September 30, 2017 3.75 to 1.00 September 30, 2019 3.25 to 1.00 December 31, 2017 3.50 to 1.00 December 31, 2019 3.00 to 1.00 March 31, 2018 3.50 to 1.00 March 31, 2020 3.00 to 1.00 June 30, 2018 3.50 to 1.00 June 30, 2020 3.00 to 1.00 September 30, 2018 3.50 to 1.00 September 30, 2020 2.75 to 1.00 December 31, 2018 3.50 to 1.00 December 31, 2020 2.75 to 1.00 March 31, 2019 3.25 to 1.00 March 31, 2021 2.75 to 1.00 June 30, 2019 3.25 to 1.00 June 30, 2021 and thereafter 2.50 to 1.00 Consolidated Adjusted EBITDA, defined in our Term Loan Agreement as “Consolidated EBITDA,” is a measure that reflects our earnings before interest, taxes, depreciation, and amortization expense, and is further adjusted for, among other things, letter of credit fees, equity-based compensation expense, net gains or losses on property disposals, restructuring professional fees and other transaction costs related to issuances of debt, non-recurring consulting fees, expenses associated with certain lump sum payments to our union employees and the gains or losses from permitted dispositions and discontinued operations. Consolidated Total Debt, as defined in our Term Loan Agreement, is the aggregate principal amount of indebtedness outstanding. Our total leverage ratio for the four consecutive fiscal quarters ending September 30, 2017 was 3.52 to 1.00. We believe that our results of operations will be sufficient to allow us to comply with the covenants in the Term Loan Agreement, fund our operations, increase working capital as necessary to support our planned revenue growth and fund capital expenditures for at least the next twelve months. To maintain compliance with the maximum total leverage ratio over the tenor of the Term Loan and satisfy our liquidity needs, we would have to achieve operating results that reflect a slight improvement to our 2016 Adjusted EBITDA. Means for improving our profitability may include streamlining our support structure, as well as ongoing successful implementation and realization of pricing, productivity and efficiency initiatives, in addition to increased volume, some of which are outside of our control. Fair Value Measurement The book value and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows: September 30, 2017 December 31, 2016 (in millions) Book Value Fair value Book Value Fair value Term Loan $ 579.6 $ 590.8 $ 627.2 $ 638.1 Lease financing obligations 262.2 212.3 268.6 259.1 Second A&R CDA 99.7 98.7 101.3 101.8 Total debt $ 941.5 $ 901.8 $ 997.1 $ 999.0 The fair values of the Term Loan and the Second A&R CDA were estimated based on observable prices (level two inputs for fair value measurements). The fair value of the lease financing obligations is estimated using a publicly-traded secured loan with similar characteristics (level three input for fair value measurement). Leases As of September 30, 2017 , our operating lease payment obligations through 2030 totaled $282.5 million and are expected to increase as we lease additional revenue equipment. Additionally, for the nine months ended September 30, 2017 , we entered into new operating leases for revenue equipment totaling $26.2 million in future lease payments, payable over an average lease term of five years. Our capital expenditures for the nine months ended September 30, 2017 and 2016 were $70.8 million and $75.4 million , respectively. These amounts were principally used to fund the purchase of used tractors and trailers, to refurbish engines for our revenue fleet, and for capitalized costs to improve our technology infrastructure.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits Qualified and Nonqualified Defined Benefit Pension Plans The following table presents the components of our Company-sponsored pension costs for the three and nine months ended September 30 : Three Months Nine Months (in millions) 2017 2016 2017 2016 Service cost $ 1.3 $ 1.6 $ 3.9 $ 4.8 Interest cost 12.8 14.0 38.4 42.0 Expected return on plan assets (14.8 ) (14.2 ) (44.4 ) (42.4 ) Amortization of prior net pension loss 3.9 3.5 11.7 10.3 Total periodic pension cost $ 3.2 $ 4.9 $ 9.6 $ 14.7 We expect to contribute $54.1 million to our Company-sponsored pension plans in 2017 of which we have contributed $39.9 million through September 30, 2017 .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate for the three and nine months ended September 30, 2017 was 23.1% and (13.8)% , respectively, compared to 3.5% and 10.5% for the three and nine months ended September 30, 2016 , respectively. The significant items impacting the 2017 rates include a benefit recognized due to the application of ASC 740, Income Taxes (“ASC 740”), guidance regarding intra-period tax allocation, a net state and foreign tax provision, foreign withholding taxes related to a dividend from a foreign subsidiary, certain permanent items, and a change in the valuation allowance established for the net deferred tax asset balance projected for December 31, 2017 . The significant items impacting the 2016 rates include a provision for federal alternative minimum tax, a refund from a prior year amended return, a net state and foreign tax provision, certain permanent items, and a change in the valuation allowance established for the net deferred tax asset balance that had been projected for December 31 , 2016 . We recognize valuation allowances on deferred tax assets if, based on the weight of the evidence, we determine it is more likely than not such assets will not be realized. Changes in valuation allowances are included in our tax provision in the period of change. In determining whether a valuation allowance is warranted, we evaluate factors such as prior years’ earnings history, expected future earnings, loss carry-back and carry-forward periods, reversals of existing deferred tax liabilities and tax planning strategies that potentially enhance the likelihood of the realization of a deferred tax asset. At September 30, 2017 and December 31, 2016 , substantially all of our net deferred tax assets were subject to a valuation allowance.

Shareholders' Deficit

Shareholders' Deficit	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Shareholders' Deficit	Shareholders’ Deficit The following reflects the activity in the shares of our common stock for the nine months ended September 30, 2017 : (shares in thousands) 2017 Beginning balance 32,473 Issuance of equity awards 253 Ending balance 32,726

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share We calculate basic earnings (loss) per share by dividing our net earnings (loss) by our weighted-average shares outstanding at the end of the period. The calculation for diluted earnings per share adjusts the weighted average shares outstanding for our dilutive unvested shares and stock units using the treasury stock method. Our calculations for basic and dilutive earnings (loss) per share for the three and nine months ended September 30, 2017 and 2016 are as follows: Three Months Nine Months (dollars in millions, except per share data, shares and stock units in thousands) 2017 2016 2017 2016 Basic and dilutive net income (loss) available to common shareholders $ 3.0 $ 13.9 $ (3.3 ) $ 29.0 Basic weighted average shares outstanding 32,723 32,466 32,550 32,398 Effect of dilutive securities: Unvested shares and stock units 869 728 — 517 Dilutive weighted average shares outstanding 33,592 33,194 32,550 32,915 Basic earnings (loss) per share (a) $ 0.09 $ 0.43 $ (0.10 ) $ 0.89 Diluted earnings (loss) per share (a) $ 0.09 $ 0.42 $ (0.10 ) $ 0.88 (a) Earnings (loss) per share is based on unrounded figures and not the rounded figures presented. At September 30 , 2017 and 2016 , our anti-dilutive unvested shares, options, and stock units were approximately 80,000 and 213,000 , respectively.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Business Segments	Business Segments We report financial and descriptive information about our reporting segments on a basis consistent with that used internally for evaluating segment performance and allocating resources to segments. We evaluate segment performance primarily on external revenue, operating income (loss), and operating ratio. We charge management fees and other corporate service fees to our reporting segments based on the benefits received or an overhead allocation basis. Corporate and other operating losses represent residual operating expenses of the holding company. Corporate identifiable assets primarily consist of cash and cash equivalents and restricted cash. Intersegment revenue primarily relates to transportation services between our segments. The following table summarizes our operations by business segment: (in millions) YRC Freight Regional Transportation Corporate/ Eliminations Consolidated As of September 30, 2017 Identifiable assets $ 1,075.3 $ 711.6 $ (85.3 ) $ 1,701.6 As of December 31, 2016 Identifiable assets $ 1,208.7 $ 642.9 $ (81.6 ) $ 1,770.0 Three Months Ended September 30, 2017 External revenue $ 787.8 $ 463.5 $ (0.1 ) $ 1,251.2 Operating income (loss) $ 20.3 $ 21.5 $ (1.7 ) $ 40.1 Nine Months Ended September 30, 2017 External revenue $ 2,306.2 $ 1,376.5 $ (0.3 ) $ 3,682.4 Operating income (loss) $ 37.8 $ 59.0 $ (9.7 ) $ 87.1 Three Months Ended September 30, 2016 External revenue $ 777.9 $ 443.7 $ (0.3 ) $ 1,221.3 Operating income (loss) $ 20.8 $ 21.9 $ (3.9 ) $ 38.8 Nine Months Ended September 30, 2016 External revenue $ 2,228.6 $ 1,321.3 $ (0.7 ) $ 3,549.2 Operating income (loss) $ 53.3 $ 64.9 $ (8.8 ) $ 109.4

Commitments, Contingencies and

Commitments, Contingencies and Uncertainties	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Uncertainties	Commitments, Contingencies and Uncertainties California Labor Law Change In October 2015, California adopted new rules governing the payment of piece-rate compensation. New California Labor Code section 226.2 sets forth requirements for the payment of a separate hourly wage for “nonproductive” time worked by piece-rate employees, and separate payment for compensable rest and recovery periods to those employees. The Company continues to assess the impact of this new law and ongoing compliance measures. We believe the possible loss or range of loss is not material to our consolidated financial statements. Other Legal Matters We are involved in litigation or proceedings that arise in ordinary business activities. When possible, we insure against these risks to the extent we deem prudent, but no assurance can be given that the nature or amount of such insurance will be sufficient to fully indemnify us against liabilities arising out of pending and future legal proceedings. Many of these insurance policies contain self-insured retentions in amounts we deem prudent. Based on our current assessment of information available as of the date of these consolidated financial statements, we believe that our consolidated financial statements include adequate provisions for estimated costs and losses that may be incurred within the litigation and proceedings to which we are a party.

Principles of Consolidation (Ta

Principles of Consolidation (Tables)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following table summarizes the fair value hierarchy of our financial assets and liabilities carried at fair value on a recurring basis as of September 30, 2017 : Fair Value Measurement Hierarchy (in millions) Total Carrying Value Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Restricted amounts held in escrow-current $ 54.0 $ 54.0 $ — $ — Total assets at fair value $ 54.0 $ 54.0 $ — $ —

Debt and Financing (Tables)

Debt and Financing (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Our outstanding debt as of September 30, 2017 consisted of the following: As of September 30, 2017 (in millions) Par Value Discount Debt Issuance Costs Book Value Stated Interest Rate Average Effective Interest Rate Term Loan $ 599.1 $ (11.0 ) $ (8.5 ) $ 579.6 9.7 % (a) 10.1 % ABL Facility — — — — N/A N/A Secured Second A&R CDA 26.9 — (0.1 ) 26.8 4.3-18.3% 7.5 % Unsecured Second A&R CDA 73.2 — (0.3 ) 72.9 4.3-18.3% 7.5 % Lease financing obligations 263.2 — (1.0 ) 262.2 9.0-18.2% 12.0 % Total debt $ 962.4 $ (11.0 ) $ (9.9 ) $ 941.5 Current maturities of Term Loan (17.0 ) — — (17.0 ) Current maturities of lease financing obligations (11.5 ) — — (11.5 ) Long-term debt $ 933.9 $ (11.0 ) $ (9.9 ) $ 913.0 (a) Variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% , plus a fixed margin of 8.50% .
Schedule of Maximum Total Leverage Ratio for Remaining Test Periods [Table Text Block]	Our total maximum leverage ratio covenants are as follows: Four Consecutive Fiscal Quarters Ending Maximum Total Four Consecutive Fiscal Quarters Ending Maximum Total September 30, 2017 3.75 to 1.00 September 30, 2019 3.25 to 1.00 December 31, 2017 3.50 to 1.00 December 31, 2019 3.00 to 1.00 March 31, 2018 3.50 to 1.00 March 31, 2020 3.00 to 1.00 June 30, 2018 3.50 to 1.00 June 30, 2020 3.00 to 1.00 September 30, 2018 3.50 to 1.00 September 30, 2020 2.75 to 1.00 December 31, 2018 3.50 to 1.00 December 31, 2020 2.75 to 1.00 March 31, 2019 3.25 to 1.00 March 31, 2021 2.75 to 1.00 June 30, 2019 3.25 to 1.00 June 30, 2021 and thereafter 2.50 to 1.00
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	The book value and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows: September 30, 2017 December 31, 2016 (in millions) Book Value Fair value Book Value Fair value Term Loan $ 579.6 $ 590.8 $ 627.2 $ 638.1 Lease financing obligations 262.2 212.3 268.6 259.1 Second A&R CDA 99.7 98.7 101.3 101.8 Total debt $ 941.5 $ 901.8 $ 997.1 $ 999.0

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Schedule of Costs of Retirement Plans [Table Text Block]	The following table presents the components of our Company-sponsored pension costs for the three and nine months ended September 30 : Three Months Nine Months (in millions) 2017 2016 2017 2016 Service cost $ 1.3 $ 1.6 $ 3.9 $ 4.8 Interest cost 12.8 14.0 38.4 42.0 Expected return on plan assets (14.8 ) (14.2 ) (44.4 ) (42.4 ) Amortization of prior net pension loss 3.9 3.5 11.7 10.3 Total periodic pension cost $ 3.2 $ 4.9 $ 9.6 $ 14.7

Shareholders' Deficit (Tables)

Shareholders' Deficit (Tables)	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity [Table Text Block]	The following reflects the activity in the shares of our common stock for the nine months ended September 30, 2017 : (shares in thousands) 2017 Beginning balance 32,473 Issuance of equity awards 253 Ending balance 32,726

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Our calculations for basic and dilutive earnings (loss) per share for the three and nine months ended September 30, 2017 and 2016 are as follows: Three Months Nine Months (dollars in millions, except per share data, shares and stock units in thousands) 2017 2016 2017 2016 Basic and dilutive net income (loss) available to common shareholders $ 3.0 $ 13.9 $ (3.3 ) $ 29.0 Basic weighted average shares outstanding 32,723 32,466 32,550 32,398 Effect of dilutive securities: Unvested shares and stock units 869 728 — 517 Dilutive weighted average shares outstanding 33,592 33,194 32,550 32,915 Basic earnings (loss) per share (a) $ 0.09 $ 0.43 $ (0.10 ) $ 0.89 Diluted earnings (loss) per share (a) $ 0.09 $ 0.42 $ (0.10 ) $ 0.88 (a) Earnings (loss) per share is based on unrounded figures and not the rounded figures presented.

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table summarizes our operations by business segment: (in millions) YRC Freight Regional Transportation Corporate/ Eliminations Consolidated As of September 30, 2017 Identifiable assets $ 1,075.3 $ 711.6 $ (85.3 ) $ 1,701.6 As of December 31, 2016 Identifiable assets $ 1,208.7 $ 642.9 $ (81.6 ) $ 1,770.0 Three Months Ended September 30, 2017 External revenue $ 787.8 $ 463.5 $ (0.1 ) $ 1,251.2 Operating income (loss) $ 20.3 $ 21.5 $ (1.7 ) $ 40.1 Nine Months Ended September 30, 2017 External revenue $ 2,306.2 $ 1,376.5 $ (0.3 ) $ 3,682.4 Operating income (loss) $ 37.8 $ 59.0 $ (9.7 ) $ 87.1 Three Months Ended September 30, 2016 External revenue $ 777.9 $ 443.7 $ (0.3 ) $ 1,221.3 Operating income (loss) $ 20.8 $ 21.9 $ (3.9 ) $ 38.8 Nine Months Ended September 30, 2016 External revenue $ 2,228.6 $ 1,321.3 $ (0.7 ) $ 3,549.2 Operating income (loss) $ 53.3 $ 64.9 $ (8.8 ) $ 109.4

Description of Business (Detail

Description of Business (Details)	9 Months Ended
	Sep. 30, 2017
Workforce Subject to Collective Bargaining Arrangements [Member] | Labor Force Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of workforce subject to collective bargaining agreements	78.00%

Principles of Consolidation (Fa

Principles of Consolidation (Fair Value Measurement) (Details) - Fair Value, Measurements, Recurring [Member] $ in Millions	Sep. 30, 2017USD ($)
Quoted prices in active market (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted amounts held in escrow-current	$ 54
Total assets at fair value	54
Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted amounts held in escrow-current	0
Total assets at fair value	0
Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted amounts held in escrow-current	0
Total assets at fair value	0
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted amounts held in escrow-current	54
Total assets at fair value	$ 54

Principles of Consolidation (Re

Principles of Consolidation (Reclassification Out of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	Mar. 30, 2016	Oct. 23, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Proceeds from disposal of equity method investment, net					$ 0	$ 14.6
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	$ 10.4					10.4
Accumulated Other Comprehensive Loss:
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Reclassification of net pension actuarial losses to net income, net of tax			$ 0.9	$ (3.5)	(6.9)	$ (10.3)
JHJ International Transportation Co., Ltd. [Member]
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Equity Method Investment, Ownership Percentage		50.00%
Reclassification of Investment		$ 16.3
Proceeds from disposal of equity method investment, net	16.3
Transaction fees for JHJ disposal	1.7
JHJ Carrying Amount - Equity Method Investment	22.7
Gain (Loss) on Sale of Equity Investments	$ 2.3
Accounting Standards Update 2017-07 [Member]
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Other nonoperating expense			1.9		5.7
Salaries, wages and employee benefits			$ 1.9		$ 3.8

Debt and Financing (Details)

Debt and Financing (Details) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Mar. 31, 2017	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 962.4
Premium/(Discount), Debt	(11)
Debt Issuance Cost	(9.9)
Book Value	941.5
Book Value, Current Maturities	(28.5)			$ (16.8)
Par Value, Excluding Current Maturities	933.9
Premium (Discount)	(11)
Book Value, Excluding Current Maturities	913			980.3
Operating leases, future minimum payments due	282.5
Acquisition of property and equipment	(70.8)	$ (75.4)
Carrying Amount [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	941.5			997.1
Fair Value [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	901.8			999
Term Loan
Debt Instrument [Line Items]
Long-term Debt, Gross	599.1
Premium/(Discount), Debt	(11)
Debt Issuance Cost	(8.5)
Book Value	579.6
Debt Instrument, Gross, Current Maturities	(17)
Premium/(Discount), Current Maturities	0
Deferred Finance Costs, Current, Net	0
Book Value, Current Maturities	$ (17)
Stated Interest Rate	9.735%
Average Effective Interest Rate	10.10%
Term Loan | Carrying Amount [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 579.6			627.2
Term Loan | Fair Value [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	590.8			638.1
Line of Credit [Member] | 2014 ABL Facility Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	0
Premium/(Discount), Debt	0
Debt Issuance Cost	0
Book Value	0
Line of credit facility, total cash and availability	94
Secured Second A&R CDA [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	26.9
Premium/(Discount), Debt	0
Debt Issuance Cost	(0.1)
Book Value	$ 26.8
Average Effective Interest Rate	7.50%
Unsecured Second A&R CD [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 73.2
Premium/(Discount), Debt	0
Debt Issuance Cost	(0.3)
Book Value	$ 72.9
Average Effective Interest Rate	7.50%
Lease Financing Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 263.2
Premium/(Discount), Debt	0
Debt Issuance Cost	(1)
Book Value	262.2
Debt Instrument, Gross, Current Maturities	(11.5)
Premium/(Discount), Current Maturities	0
Deferred Finance Costs, Current, Net	0
Book Value, Current Maturities	$ (11.5)
Average Effective Interest Rate	12.00%
Lease Financing Obligations [Member] | Carrying Amount [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 262.2			268.6
Lease Financing Obligations [Member] | Fair Value [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	212.3			259.1
Letter of Credit [Member] | 2014 ABL Facility Credit Agreement [Member]
Debt Instrument [Line Items]
Letters of credit outstanding, amount	356
Other Debt Obligations [Member] | Carrying Amount [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	99.7			101.3
Other Debt Obligations [Member] | Fair Value [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 98.7			$ 101.8
Credit Agreement Amendment, September 2014
Debt Instrument [Line Items]
Debt Instrument, Total Leverage Ratio			3.52
Credit Agreement Amendment, January 31, 2017
Debt Instrument [Line Items]
Maximum Total Leverage Ratio, September 30, 2017	3.75
Maximum Total Leverage Ratio, December 31, 2017	3.50
Maximum Total Leverage Ratio, March 31, 2018	3.5
Maximum Total Leverage Ratio, June 30, 2018	3.5
Maximum Total Leverage Ratio, September 30, 2018	3.5
Maximum Total Leverage Ratio, December 31, 2018	3.50
Maximum Total Leverage Ratio, March 31, 2019	3.25
Maximum Total Leverage Ratio, June 30, 2019	3.25
Maximum Total Leverage Ratio, September 30, 2019	3.25
Maximum Total Leverage Ratio, December 31, 2019	3
Maximum Total Leverage Ratio, March 31, 2020	3
Maximum Total Leverage Ratio, June 30, 2020	3
Maximum Total Leverage Ratio, September 30, 2020	2.75
Maximum Total Leverage Ratio, December 31, 2020	2.75
Maximum Total Leverage Ratio, March 31, 2021	2.75
Maximum Total Leverage Ratio, June 30, 2021 and thereafter	2.50
2014 ABL Facility Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity (Managed Accessibility)	$ 49
2014 ABL Facility Credit Agreement [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, total cash and availability	209.8
Revenue Equipment [Member]
Debt Instrument [Line Items]
Operating leases, future minimum payments due	$ 26.2
Operating lease term	5 years
London Interbank Offered Rate (LIBOR) | Term Loan
Debt Instrument [Line Items]
Floor interest rate	1.00%
Basis spread on variable rate	8.50%
Minimum [Member] | Secured Second A&R CDA [Member]
Debt Instrument [Line Items]
Stated Interest Rate	4.30%
Minimum [Member] | Unsecured Second A&R CD [Member]
Debt Instrument [Line Items]
Stated Interest Rate	4.30%
Minimum [Member] | Lease Financing Obligations [Member]
Debt Instrument [Line Items]
Stated Interest Rate	9.00%
Maximum [Member] | Secured Second A&R CDA [Member]
Debt Instrument [Line Items]
Stated Interest Rate	18.30%
Maximum [Member] | Unsecured Second A&R CD [Member]
Debt Instrument [Line Items]
Stated Interest Rate	18.30%
Maximum [Member] | Lease Financing Obligations [Member]
Debt Instrument [Line Items]
Stated Interest Rate	18.20%

Debt and Financing - Term Loan

Debt and Financing - Term Loan Amendment (Details) - Term Loan - USD ($)	Jul. 26, 2017	Sep. 30, 2017	Sep. 30, 2017	Jul. 25, 2017
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Floor interest rate		1.00%	1.00%
Basis spread on variable rate			8.50%
Amendment No. 4
Debt Instrument [Line Items]
Face amount	$ 600,000,000
Annual principal payments, percent	3.00%			1.00%
Annual principal payment	$ 35,200,000
Unamortized discount	9,700,000
Third party costs	8,100,000
Extinguishment of debt, amount	$ 1,500,000
Debt issuance costs, capitalized		$ 1,400,000
Amendment No. 4 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Floor interest rate	1.00%
Basis spread on variable rate	8.50%
Amendment No. 4 | Alternate Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	6.50%
Other, Net | Amendment No. 4
Debt Instrument [Line Items]
Amortization of debt issuance costs		$ 6,700,000

Employee Benefits (Details)

Employee Benefits (Details) - Other Postretirement Benefit Plans, Defined Benefit [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.3	$ 1.6	$ 3.9	$ 4.8
Interest cost	12.8	14	38.4	42
Expected return on plan assets	(14.8)	(14.2)	(44.4)	(42.4)
Amortization of net pension loss	3.9	3.5	11.7	10.3
Total periodic pension cost	3.2	$ 4.9	9.6	$ 14.7
Expected future benefit payments, remainder of the year	$ 54.1		54.1
Contributions by employer			$ 39.9

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Effective Tax Rate	23.10%	3.50%	(13.80%)	10.50%

Shareholders' Deficit (Details)

Shareholders' Deficit (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2017shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	32,473
Issuance of equity awards	253
Ending balance	32,726

Loss Per Share (Details)

Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic and dilutive net income (loss) available to common shareholders	$ 3	$ 13.9	$ (3.3)	$ 29
Basic weighted average shares outstanding (in shares)	32,723	32,466	32,550	32,398
Unvested shares and stock units (in shares)	869	728	0	517
Dilutive weighted average shares outstanding (in shares)	33,592	33,194	32,550	32,915
Basic earnings (loss) per share (in dollars per share)	$ 0.09	$ 0.43	$ (0.10)	$ 0.89
Diluted earnings (loss) per share (in dollars per share)	$ 0.09	$ 0.42	$ (0.10)	$ 0.88
Antidillutive options and shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share			80	213

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Identifiable assets	$ 1,701.6		$ 1,701.6		$ 1,770
External revenue	1,251.2	$ 1,221.3	3,682.4	$ 3,549.2
Operating income (loss)	40.1	38.8	87.1	109.4
Operating Segments | YRC Freight
Segment Reporting Information [Line Items]
Identifiable assets	1,075.3		1,075.3		1,208.7
External revenue	787.8	777.9	2,306.2	2,228.6
Operating income (loss)	20.3	20.8	37.8	53.3
Operating Segments | Regional Transportation
Segment Reporting Information [Line Items]
Identifiable assets	711.6		711.6		642.9
External revenue	463.5	443.7	1,376.5	1,321.3
Operating income (loss)	21.5	21.9	59	64.9
Corporate/ Eliminations
Segment Reporting Information [Line Items]
Identifiable assets	(85.3)		(85.3)		$ (81.6)
External revenue	(0.1)	(0.3)	(0.3)	(0.7)
Operating income (loss)	$ (1.7)	$ (3.9)	$ (9.7)	$ (8.8)