Yellow (YELLQ) 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 03, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	YRC Worldwide Inc.
Entity Central Index Key	0000716006
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		34,572,271

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 126.6	$ 227.6
Restricted amounts held in escrow	25	0
Accounts receivable, net	513.6	470.3
Prepaid expenses and other	65.9	58.7
Total current assets	731.1	756.6
Property and Equipment:
Cost	2,764.8	2,765.9
Less – accumulated depreciation	(1,978.4)	(1,969.8)
Net property and equipment	786.4	796.1
Deferred income taxes, net	0.3	0
Operating lease right-of-use assets	367.6	0
Other assets	43.4	64.4
Total Assets	1,928.8	1,617.1
Liabilities and Shareholders’ Deficit
Accounts payable	198.5	178
Wages, vacations and employee benefits	207.1	223.6
Current operating lease liabilities	106.4	0
Claims and insurance accruals	113.7	112.8
Other accrued taxes	30.8	24.7
Other current and accrued liabilities	36.1	32.6
Current maturities of long-term debt	23.6	20.7
Total current liabilities	716.2	592.4
Other Liabilities:
Long-term debt, less current portion	846.9	854.2
Deferred income taxes, net	0	1.8
Pension and postretirement	198.6	202.9
Operating lease liabilities	240.5	0
Claims and other liabilities	276.1	271.3
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	2,329.2	2,327.6
Accumulated deficit	(2,257.5)	(2,208.4)
Accumulated other comprehensive loss	(328.8)	(332.3)
Treasury stock, at cost (410 shares)	(92.7)	(92.7)
Total shareholders’ deficit	(349.5)	(305.5)
Total Liabilities and Shareholders’ Deficit	$ 1,928.8	$ 1,617.1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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 (in shares)	410	410

Statements of Consolidated Comp

Statements of Consolidated Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Operating Revenue	$ 1,182.3	$ 1,214.5
Operating Expenses:
Salaries, wages and employee benefits	718.2	729.7
Fuel, operating expenses and supplies	235.9	230.2
Purchased transportation	146.3	155.4
Depreciation and amortization	40	37.7
Other operating expenses	63.8	62.6
Losses on property disposals, net	1.6	3.2
Impairment charges	8.2	0
Total operating expenses	1,214	1,218.8
Operating Loss	(31.7)	(4.3)
Nonoperating Expenses:
Interest expense	27	25.6
Non-union pension and postretirement benefits	0.3	(0.5)
Other, net	(0.2)	(1.9)
Nonoperating expenses, net	27.1	23.2
Loss before income taxes	(58.8)	(27.5)
Income tax benefit	(9.7)	(12.9)
Net loss	(49.1)	(14.6)
Other comprehensive income, net of tax	3.5	2
Comprehensive Loss	$ (45.6)	$ (12.6)
Average Common Shares Outstanding – Basic (in shares)	33,150	32,821
Average Common Shares Outstanding – Diluted (in shares)	33,150	32,821
Basic and Diluted Loss Per Share
Income (loss) Per Share – Basic (in dollars per share)	$ (1.48)	$ (0.44)
Income (loss) Per Share – Diluted (in dollars per share)	$ (1.48)	$ (0.44)

Statements of Consolidated Cash

Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities:
Net loss	$ (49.1)	$ (14.6)
Noncash items included in net loss:
Depreciation and amortization	40	37.7
Lease amortization and accretion expense	41.2	0
Equity-based compensation and employee benefits expense	5.3	5.3
Losses on property disposals, net	1.6	3.2
Impairment charges	8.2	0
Other noncash items, net	0.8	0.4
Changes in assets and liabilities, net:
Accounts receivable	(42.1)	(41.3)
Accounts payable	12.8	1.9
Other operating assets	(20)	(29.4)
Other operating liabilities	(40.4)	33.1
Net cash used in operating activities	(41.7)	(3.7)
Investing Activities:
Acquisition of property and equipment	(32.6)	(23.5)
Proceeds from disposal of property and equipment	0.8	3
Net cash used in investing activities	(31.8)	(20.5)
Financing Activities:
Repayments of long-term debt	(1.9)	(7)
Payments for tax withheld on equity-based compensation	(0.6)	(1.4)
Net cash used in financing activities	(2.5)	(8.4)
Net Decrease In Cash, Cash Equivalents and Restricted Amounts Held in Escrow	(76)	(32.6)
Cash, Cash Equivalents and Restricted Amounts Held in Escrow, Beginning of Period	227.6	145.7
Cash, Cash Equivalents and Restricted Amounts Held in Escrow, End of Period	151.6	113.1
Supplemental Cash Flow Information:
Interest paid	(13.3)	(14.9)
Income tax payment, net	$ (1.6)	$ (1.7)

Statement of Consolidated Share

Statement of Consolidated Shareholders' Deficit (Unaudited) - USD ($) $ in Millions	Total	Preferred Stock:	Common Stock:	Capital Surplus:	Accumulated Deficit:	Accumulated Other Comprehensive Loss:	Amortization of prior net losses	Amortization of prior service credit	Foreign currency translation adjustments	Treasury Stock, At Cost:
Beginning balance at Dec. 31, 2017	$ (353.5)	$ 0	$ 0.3	$ 2,323.3	$ (2,228.6)	$ (355.8)				$ (92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	0.2			0.2
Net income (loss)	(14.6)				(14.6)
Change in other comprehensive income							$ 3.8	$ (0.1)	$ (1.7)
Ending balance at Mar. 31, 2018	(365.9)	0	0.3	2,323.5	(2,243.2)	(353.8)				(92.7)
Beginning balance at Dec. 31, 2018	(305.5)	0	0.3	2,327.6	(2,208.4)	(332.3)				(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	1.6			1.6
Net income (loss)	(49.1)				(49.1)
Change in other comprehensive income							$ 3.2	$ (0.1)	$ 0.4
Ending balance at Mar. 31, 2019	$ (349.5)	$ 0	$ 0.3	$ 2,329.2	$ (2,257.5)	$ (328.8)				$ (92.7)

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2019
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 its operating subsidiaries, offers its customers a wide range of transportation services. We have 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 YRC Inc. (doing business as, and herein referred to as, “YRC Freight”), our LTL subsidiary, Reimer Express Lines Ltd. (“YRC Reimer”), a subsidiary located in Canada that specializes in shipments into, across and out of Canada, and HNRY Logistics, Inc. (“HNRY Logistics”), our logistics solutions provider. 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 March 31, 2019 , approximately 78% of our labor force is subject to collective bargaining agreements, which predominantly expire on May 31, 2019.

Principles of Consolidation

Principles of Consolidation	3 Months Ended
	Mar. 31, 2019
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, 2018 . Revenue Disaggregation We considered the disclosure requirements for revenue disaggregation guidance in ASC Topic 606 and noted that our segments disaggregate our revenues based on geographic and time-based factors as our Regional Transportation segment carriers operate in a smaller geographic footprint and have a shorter length of haul as compared to our YRC Freight segment. For additional information, see the “Business Segments” footnote to the consolidated financial statements. The following table presents disaggregated revenue by revenue source between LTL shipments and total. LTL shipments are defined as shipments less than 10,000 pounds. Beginning in 2019, the Company disaggregated revenue for reporting of key operating metrics, including volume and yield metrics, due to the growth in shipments over 10,000 pounds. Three Months YRC Freight segment (in millions) 2019 2018 LTL revenue $ 684.7 $ 695.9 Other revenue 59.1 55.4 Total revenue $ 743.8 $ 751.3 Three Months Regional Transportation segment (in millions) 2019 2018 LTL revenue $ 404.9 $ 424.2 Other revenue 33.7 39.1 Total revenue $ 438.6 $ 463.3 Three Months Consolidated (in millions) 2019 2018 LTL revenue $ 1,089.6 $ 1,120.1 Other revenue 92.7 94.4 Total revenue $ 1,182.3 $ 1,214.5 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 March 31, 2019 : 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 $ 25.0 $ 25.0 $ — $ — Total assets at fair value $ 25.0 $ 25.0 $ — $ — 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. Newly-Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases , which requires lessees to recognize a right-to-use asset and a lease obligation for all leases. Additional qualitative and quantitative disclosures, including significant judgments made by management, are required. The new standard became effective for the Company for its annual reporting period beginning January 1, 2019, including interim periods within that reporting period. The Company adopted the standard using a modified retrospective approach with the effective date of the standard as the date of initial application. The Company elected the package of three practical expedients which allows entities to not reassess initial direct costs, lease classification for existing or expired leases, and lease definition for existing or expired contracts as of the effective date of January 1, 2019. Additionally, the Company did not elect the hindsight method practical expedient which would have allowed us to reassess lease terms and impairment. For leases with a term of twelve months or less, the Company has made an accounting policy election in which the right of use lease (“ROU”) asset and lease liability will not be recognized on the consolidated balance sheet. The Company does not separate lease and non-lease components for its revenue equipment and real property leases. The Company reassessed the accounting for debt financing obligations under the new standard and determined the historical accounting remained appropriate under the new standard. The adoption of this standard impacted our consolidated balance sheet through the recognition of $378.8 million in ROU assets and liabilities as of January 1, 2019. Lease deposits in the amount of $25.4 million were reclassified from assets to a reduction of long-term ROU liabilities upon adoption of the new standard. The new lease standard will not impact the calculation of the total maximum leverage ratio covenant, which is defined under the terms of our credit agreement. Impact of Recently-Issued Accounting Standards In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans . The guidance modifies disclosure requirements for defined benefit plans. This guidance is effective for fiscal years ending after December 15, 2020, and early adoption is permitted. The Company is currently assessing the potential impact of ASU 2018-14 on its consolidated financial statement disclosures.

Debt and Financing

Debt and Financing	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt and Financing	Debt and Financing Our outstanding debt as of March 31, 2019 consisted of the following: As of March 31, 2019 (in millions) Par Value Discount Debt Issuance Costs Book Value Average Effective Interest Rate Term Loan $ 573.0 $ (7.3 ) $ (6.0 ) $ 559.7 (a) 11.6 % ABL Facility — — — — N/A Secured Second A&R CDA 26.8 — (0.1 ) 26.7 8.0 % Unsecured Second A&R CDA 46.7 — (0.2 ) 46.5 8.0 % Lease financing obligations 238.0 — (0.4 ) 237.6 15.1 % Total debt $ 884.5 $ (7.3 ) $ (6.7 ) $ 870.5 Current maturities of Term Loan (18.0 ) — — (18.0 ) Current maturities of lease financing obligations (4.1 ) — — (4.1 ) Current maturities of Unsecured Second A&R CDA (1.5 ) — — (1.5 ) Long-term debt $ 860.9 $ (7.3 ) $ (6.7 ) $ 846.9 (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 March 31, 2019 , our maximum availability under our ABL Facility was $48.1 million . Our Managed Accessibility was $9.1 million , which represents the maximum amount we would access on the ABL Facility and is adjusted for eligible receivables plus eligible borrowing base cash measured at March 31, 2019 . For the March 31, 2019 borrowing base certificate, which was filed in April of 2019, we reduced restricted cash $20.0 million by transferring the funds to our operating cash accounts. Our cash and cash equivalents and Managed Accessibility were $155.7 million . For the December 31, 2018 borrowing base certificate, which was filed in January of 2019, we transferred $25.0 million of cash into restricted cash to maintain the 10% threshold, as permitted under the ABL Facility, which transfer effectively put our cash and cash equivalents and Managed Accessibility to $203.8 million . The table below summarizes cash and cash equivalents and Managed Accessibility as of March 31, 2019 and December 31, 2018 : (in millions) March 31, 2019 December 31, 2018 Cash and cash equivalents 126.6 227.6 Changes to restricted cash 20.0 (25.0 ) Managed Accessibility 9.1 1.2 Total cash and cash equivalents and Managed Accessibility $ 155.7 $ 203.8 Credit Facility Covenants The credit agreement (the “Term Loan Agreement”) governing our term loan facility (the “Term Loan”) has certain financial covenants, 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 March 31, 2019 3.25 to 1.00 June 30, 2020 3.00 to 1.00 June 30, 2019 3.25 to 1.00 September 30, 2020 2.75 to 1.00 September 30, 2019 3.25 to 1.00 December 31, 2020 2.75 to 1.00 December 31, 2019 3.00 to 1.00 March 31, 2021 2.75 to 1.00 March 31, 2020 3.00 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 certain property disposals, restructuring charges, transaction costs related to issuances of debt, non-recurring consulting fees, non-cash impairment charges 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 March 31, 2019 was 2.76 to 1.00. Impacts to our consolidated financial statements due to the implementation of ASC 842, Leases , on January 1, 2019 will not impact our calculation of the financial covenants included in our Term Loan Agreement as changes in generally accepted accounting principles subsequent to the date of the agreement are not required to be implemented for purposes of covenant calculations. 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. Our ability to satisfy our liquidity needs and meet future stepped-up covenants beyond the next twelve months is dependent upon our ability to achieve operating results consistent with levels achieved during 2018. Maintaining results will depend on a number of factors including our ability to successfully implement the provisions of the new labor agreement with our union employees. The union employees approved the National Master Freight Agreement and all but one supplemental agreement on May 3, 2019. In accordance with the IBT’s ratification procedures, the approved labor agreement will not take effect until the remaining issues pertaining to the one supplemental agreement are resolved. Once effective, the approved labor agreement is set to expire on March 31, 2024. 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: March 31, 2019 December 31, 2018 (in millions) Book Value Fair value Book Value Fair value Term Loan $ 559.7 $ 569.5 $ 559.4 $ 546.0 Lease financing obligations 237.6 234.9 242.2 234.7 Second A&R CDA 73.2 73.0 73.3 70.0 Total debt $ 870.5 $ 877.4 $ 874.9 $ 850.7 The fair values of the Term Loan and the Second Amended and Restated Contribution Deferral Agreement (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

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases The Company determines if an arrangement is a lease or contains a lease at inception. We lease certain revenue equipment and real estate, predominantly through operating leases, and we have an immaterial amount of leases in which we are a lessor. Operating lease rentals are expensed on a straight-line basis over the life of the lease beginning on the lease commencement date. We determine if an arrangement is a lease at inception, and we determine the lease term by assuming the exercise of renewal options that are reasonably certain. The lease term is used to determine whether a lease is finance or operating and is used to calculate rent expense. Additionally, the depreciable life of leased assets and leasehold improvements is limited by the expected lease term. Operating lease balances are classified as operating lease right-of-use (“ROU”) assets, current and long-term operating lease liabilities on our consolidated balance sheet. We have an immaterial amount of finance leases that are included in property and equipment, other current liabilities, and other long-term liabilities on our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate adjusted for time to represent the rate we would have to pay to borrow on a collateralized basis based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease and we will adjust the life of the lease when it is reasonably certain that we will exercise these options. We have lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. We have variable lease components, including lease payments with payment escalation based on the Consumer Price Index, and other variable items, such as common area maintenance and taxes. Key assumptions include discount rate, the impact of purchase options and renewal options on our lease term, as well as the assessment of residual value guarantees. Our revenue equipment leases generally have purchase options. However, in most circumstances we are not typically certain of exercising the purchase option as we may sign a new lease, return the equipment to the lessor, or exercise the option as circumstances dictate. Our revenue equipment leases often contain residual value guarantees, but they are not reflected in our lease liabilities as our lease rates are such that residual value guarantees are not expected to be owed at the end of our leases. Wrecked units are expensed in full upon damage and paid out to the lessor. Our real estate leases will often have an option to extend the lease, but we are typically not reasonably certain of exercising options to extend as we have the ability to move to more advantageous locations over time, relocate to other leased and owned locations, or discontinue service from particular locations over time as customer demand changes. Leases (in millions) Classification March 31, 2019 Assets Operating lease assets Operating lease right-of-use assets $ 367.6 Finance lease assets Net property and equipment 2.8 Total leased assets $ 370.4 Liabilities Current Operating Current operating lease liabilities $ 106.4 Finance Other current and accrued liabilities 0.3 Noncurrent Operating Operating lease liabilities 240.5 Finance Claims and other liabilities 3.4 Total lease liabilities $ 350.6 Three Months Ended March 31, 2019 Lease Cost (in millions) Classification Operating lease cost (a) Purchased transportation; Fuel, operating expenses and supplies $ 41.2 Short-term cost Purchased transportation; Fuel, operating expenses and supplies 3.5 Variable lease cost Purchased transportation; Fuel, operating expenses and supplies 1.5 Finance lease cost Amortization of leased assets Depreciation and amortization 0.2 Interest on lease liabilities Interest expense 0.1 Total lease cost $ 46.5 (a) Operating lease cost represents non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows. Maturities of Lease Liabilities Operating Leases Finance Leases Total (in millions) 2019 $ 106.9 $ 0.5 $ 107.4 2020 124.1 0.6 124.7 2021 100.2 0.6 100.8 2022 49.9 0.6 50.5 2023 21.5 0.6 22.1 After 2023 16.5 4.2 20.7 Total lease payments $ 419.1 $ 7.1 $ 426.2 Less: Imputed interest 72.2 3.4 75.6 Present value of lease liabilities $ 346.9 $ 3.7 $ 350.6 Lease Term and Discount Rate Weighted-Average Remaining Lease Weighted-Average Discount Rate (years and percent) Operating leases 3.5 11.0 % Finance leases 10.3 11.2 % Other Information Three Months Ended March 31, 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 36.3 Operating cash flows from finance leases 0.1 Financing cash flows from finance leases 0.2 Leased assets obtained in exchange for new finance lease liabilities — Leased assets obtained in exchange for new operating lease liabilities $ 19.1 Below is the Company’s contractual cash obligations table as of December 31, 2018 , that disclosed operating lease payments for the next five years and thereafter. We had no material capital leases as of December 31, 2018 . Payments Due by Period (in millions) Total Less than 1 year 1-3 years 3-5 years After 5 years Operating leases $ 429.2 $ 138.4 $ 212.0 $ 63.3 $ 15.5
Leases	Leases The Company determines if an arrangement is a lease or contains a lease at inception. We lease certain revenue equipment and real estate, predominantly through operating leases, and we have an immaterial amount of leases in which we are a lessor. Operating lease rentals are expensed on a straight-line basis over the life of the lease beginning on the lease commencement date. We determine if an arrangement is a lease at inception, and we determine the lease term by assuming the exercise of renewal options that are reasonably certain. The lease term is used to determine whether a lease is finance or operating and is used to calculate rent expense. Additionally, the depreciable life of leased assets and leasehold improvements is limited by the expected lease term. Operating lease balances are classified as operating lease right-of-use (“ROU”) assets, current and long-term operating lease liabilities on our consolidated balance sheet. We have an immaterial amount of finance leases that are included in property and equipment, other current liabilities, and other long-term liabilities on our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate adjusted for time to represent the rate we would have to pay to borrow on a collateralized basis based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease and we will adjust the life of the lease when it is reasonably certain that we will exercise these options. We have lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. We have variable lease components, including lease payments with payment escalation based on the Consumer Price Index, and other variable items, such as common area maintenance and taxes. Key assumptions include discount rate, the impact of purchase options and renewal options on our lease term, as well as the assessment of residual value guarantees. Our revenue equipment leases generally have purchase options. However, in most circumstances we are not typically certain of exercising the purchase option as we may sign a new lease, return the equipment to the lessor, or exercise the option as circumstances dictate. Our revenue equipment leases often contain residual value guarantees, but they are not reflected in our lease liabilities as our lease rates are such that residual value guarantees are not expected to be owed at the end of our leases. Wrecked units are expensed in full upon damage and paid out to the lessor. Our real estate leases will often have an option to extend the lease, but we are typically not reasonably certain of exercising options to extend as we have the ability to move to more advantageous locations over time, relocate to other leased and owned locations, or discontinue service from particular locations over time as customer demand changes. Leases (in millions) Classification March 31, 2019 Assets Operating lease assets Operating lease right-of-use assets $ 367.6 Finance lease assets Net property and equipment 2.8 Total leased assets $ 370.4 Liabilities Current Operating Current operating lease liabilities $ 106.4 Finance Other current and accrued liabilities 0.3 Noncurrent Operating Operating lease liabilities 240.5 Finance Claims and other liabilities 3.4 Total lease liabilities $ 350.6 Three Months Ended March 31, 2019 Lease Cost (in millions) Classification Operating lease cost (a) Purchased transportation; Fuel, operating expenses and supplies $ 41.2 Short-term cost Purchased transportation; Fuel, operating expenses and supplies 3.5 Variable lease cost Purchased transportation; Fuel, operating expenses and supplies 1.5 Finance lease cost Amortization of leased assets Depreciation and amortization 0.2 Interest on lease liabilities Interest expense 0.1 Total lease cost $ 46.5 (a) Operating lease cost represents non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows. Maturities of Lease Liabilities Operating Leases Finance Leases Total (in millions) 2019 $ 106.9 $ 0.5 $ 107.4 2020 124.1 0.6 124.7 2021 100.2 0.6 100.8 2022 49.9 0.6 50.5 2023 21.5 0.6 22.1 After 2023 16.5 4.2 20.7 Total lease payments $ 419.1 $ 7.1 $ 426.2 Less: Imputed interest 72.2 3.4 75.6 Present value of lease liabilities $ 346.9 $ 3.7 $ 350.6 Lease Term and Discount Rate Weighted-Average Remaining Lease Weighted-Average Discount Rate (years and percent) Operating leases 3.5 11.0 % Finance leases 10.3 11.2 % Other Information Three Months Ended March 31, 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 36.3 Operating cash flows from finance leases 0.1 Financing cash flows from finance leases 0.2 Leased assets obtained in exchange for new finance lease liabilities — Leased assets obtained in exchange for new operating lease liabilities $ 19.1 Below is the Company’s contractual cash obligations table as of December 31, 2018 , that disclosed operating lease payments for the next five years and thereafter. We had no material capital leases as of December 31, 2018 . Payments Due by Period (in millions) Total Less than 1 year 1-3 years 3-5 years After 5 years Operating leases $ 429.2 $ 138.4 $ 212.0 $ 63.3 $ 15.5

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2019
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 plan costs for the three months ended March 31 : Three Months (in millions) 2019 2018 Service cost $ — $ 0.1 Interest cost 11.4 10.9 Expected return on plan assets (14.3 ) (15.1 ) Amortization of prior service credit (0.1 ) (0.1 ) Amortization of prior net pension loss 3.2 3.7 Total net periodic pension cost $ 0.2 $ (0.5 ) We expect to contribute $9.9 million to our Company-sponsored pension plans in 2019 , of which we have contributed $2.0 million through March 31, 2019 .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate for the three months ended March 31, 2019 was 16.5% , compared to 46.9% for the three months ended March 31, 2018 . The significant items impacting the 2019 rate include 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 projected for December 31, 2019 . The significant items impacting the 2018 rate include a net state and foreign tax provision, foreign withholding taxes related to dividends from a foreign subsidiary, 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, 2018 . 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-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 March 31, 2019 and December 31, 2018 , substantially all of our net deferred tax assets were subject to a valuation allowance.

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share Given our net loss position for each of the three months ended March 31, 2019 and March 31, 2018 , we do not report dilutive securities for these periods. At March 31, 2019 and 2018 , our anti-dilutive unvested shares, options, and stock units were approximately 279,000 and 45,000 , respectively.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2019
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. Shared support functions include information technology, legal, financial services, revenue management, and other company-wide services. Corporate represents residual operating expenses of the holding company that are not attributable to any segment and remain unallocated. It also represents certain items that are permitted to be included in Adjusted EBITDA. Corporate identifiable assets primarily consist of cash and cash equivalents, restricted amounts held in escrow, and information technology assets, which are offset by eliminations with the two business segments. The following table summarizes our operations by business segment: (in millions) YRC Freight Regional Transportation Corporate/ Eliminations Consolidated As of March 31, 2019 Identifiable assets $ 1,279.6 $ 731.4 $ (82.2 ) $ 1,928.8 As of December 31, 2018 Identifiable assets $ 973.6 $ 626.4 $ 17.1 $ 1,617.1 Three Months Ended March 31, 2019 Operating revenue $ 743.8 $ 438.6 $ (0.1 ) $ 1,182.3 Operating loss $ (21.1 ) $ (7.0 ) $ (3.6 ) $ (31.7 ) Three Months Ended March 31, 2018 Operating revenue $ 751.3 $ 463.3 $ (0.1 ) $ 1,214.5 Operating income (loss) $ (6.9 ) $ 5.2 $ (2.6 ) $ (4.3 )

Commitments, Contingencies and

Commitments, Contingencies and Uncertainties	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Uncertainties	Commitments, Contingencies and Uncertainties Department of Defense Complaint In December 2018, the United States on behalf of the United States Department of Defense filed a Complaint in Intervention (“Complaint”) against the Company in the U.S. District in the Western District of New York captioned United States ex rel. James Hannum v. YRC Freight, Inc.; Roadway Express, Inc.; and Yellow Transportation, Inc., Civil Action No. 08-0811(A). The Complaint alleges that the Company violated the False Claims Act by overcharging the Department of Defense for freight carrier services by failing to comply with the contractual terms of freight contracts between the Department of Defense and the Company and related government procurement rules. The Complaint also alleges claims for unjust enrichment and breach of contract. Under the False Claims Act the Complaint seeks treble damages, civil penalties, attorneys’ fees and costs of suit, all in unspecified amounts. The remaining common causes of action seek an undetermined amount for an alleged breach of contract or alternatively causes constituting unjust enrichment or a payment by mistake. Management believes it has meritorious defenses and will vigorously defend this action. Class Action Securities Complaint In January 2019, a purported class action lawsuit captioned Christina Lewis v. YRC Worldwide Inc., et al., Case No. 1:19-cv-00001, was filed in the United States District Court for the Northern District of New York against the Company and certain of our current and former officers. The complaint was filed on behalf of persons who purchased or otherwise acquired the Company’s publicly traded securities between March 10, 2014 and December 14, 2018. The complaint generally alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by making false and misleading statements relating to its freight billing practices as alleged in the Department of Defense complaint described above. The action includes claims for damages, including interest, and an award of reasonable costs and attorneys’ fees. Management believes it has meritorious defenses and will vigorously defend this action. The court has not yet appointed lead plaintiff or lead counsel for this case. Given the early stage of the proceedings at this time, we are not in a position to assess the likelihood of any potential loss or adverse effect on our financial condition or to estimate the range of potential loss, if any. 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.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On May 3, 2019, the International Brotherhood of Teamster (“IBT”) ratified a new five-year national master freight agreement, along with 26 of the 27 applicable local and regional supplements that were subject to a ratification vote simultaneously with the master freight agreement. In accordance with the IBT’s ratification procedures, however, the approved master freight agreement and supplemental agreements will not take effect until issues pertaining to the final supplemental agreement are resolved. The Companies’ current master freight agreement and related supplemental agreements expire on May 31, 2019.

Principles of Consolidation (Po

Principles of Consolidation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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, 2018 .
Revenue Disaggregation	Revenue Disaggregation We considered the disclosure requirements for revenue disaggregation guidance in ASC Topic 606 and noted that our segments disaggregate our revenues based on geographic and time-based factors as our Regional Transportation segment carriers operate in a smaller geographic footprint and have a shorter length of haul as compared to our YRC Freight segment.
Fair Value of Financial Instruments	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 March 31, 2019 : 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 $ 25.0 $ 25.0 $ — $ — Total assets at fair value $ 25.0 $ 25.0 $ — $ — 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.
Newly Adopted Accounting Standards and Impact of Recently Issued Accounting Standards	Newly-Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases , which requires lessees to recognize a right-to-use asset and a lease obligation for all leases. Additional qualitative and quantitative disclosures, including significant judgments made by management, are required. The new standard became effective for the Company for its annual reporting period beginning January 1, 2019, including interim periods within that reporting period. The Company adopted the standard using a modified retrospective approach with the effective date of the standard as the date of initial application. The Company elected the package of three practical expedients which allows entities to not reassess initial direct costs, lease classification for existing or expired leases, and lease definition for existing or expired contracts as of the effective date of January 1, 2019. Additionally, the Company did not elect the hindsight method practical expedient which would have allowed us to reassess lease terms and impairment. For leases with a term of twelve months or less, the Company has made an accounting policy election in which the right of use lease (“ROU”) asset and lease liability will not be recognized on the consolidated balance sheet. The Company does not separate lease and non-lease components for its revenue equipment and real property leases. The Company reassessed the accounting for debt financing obligations under the new standard and determined the historical accounting remained appropriate under the new standard. The adoption of this standard impacted our consolidated balance sheet through the recognition of $378.8 million in ROU assets and liabilities as of January 1, 2019. Lease deposits in the amount of $25.4 million were reclassified from assets to a reduction of long-term ROU liabilities upon adoption of the new standard. The new lease standard will not impact the calculation of the total maximum leverage ratio covenant, which is defined under the terms of our credit agreement. Impact of Recently-Issued Accounting Standards In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans . The guidance modifies disclosure requirements for defined benefit plans. This guidance is effective for fiscal years ending after December 15, 2020, and early adoption is permitted. The Company is currently assessing the potential impact of ASU 2018-14 on its consolidated financial statement disclosures.

Principles of Consolidation (Ta

Principles of Consolidation (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Disaggregation of Revenue	The following table presents disaggregated revenue by revenue source between LTL shipments and total. LTL shipments are defined as shipments less than 10,000 pounds. Beginning in 2019, the Company disaggregated revenue for reporting of key operating metrics, including volume and yield metrics, due to the growth in shipments over 10,000 pounds. Three Months YRC Freight segment (in millions) 2019 2018 LTL revenue $ 684.7 $ 695.9 Other revenue 59.1 55.4 Total revenue $ 743.8 $ 751.3 Three Months Regional Transportation segment (in millions) 2019 2018 LTL revenue $ 404.9 $ 424.2 Other revenue 33.7 39.1 Total revenue $ 438.6 $ 463.3 Three Months Consolidated (in millions) 2019 2018 LTL revenue $ 1,089.6 $ 1,120.1 Other revenue 92.7 94.4 Total revenue $ 1,182.3 $ 1,214.5
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes the fair value hierarchy of our financial assets and liabilities carried at fair value on a recurring basis as of March 31, 2019 : 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 $ 25.0 $ 25.0 $ — $ — Total assets at fair value $ 25.0 $ 25.0 $ — $ —

Debt and Financing (Tables)

Debt and Financing (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt	Our outstanding debt as of March 31, 2019 consisted of the following: As of March 31, 2019 (in millions) Par Value Discount Debt Issuance Costs Book Value Average Effective Interest Rate Term Loan $ 573.0 $ (7.3 ) $ (6.0 ) $ 559.7 (a) 11.6 % ABL Facility — — — — N/A Secured Second A&R CDA 26.8 — (0.1 ) 26.7 8.0 % Unsecured Second A&R CDA 46.7 — (0.2 ) 46.5 8.0 % Lease financing obligations 238.0 — (0.4 ) 237.6 15.1 % Total debt $ 884.5 $ (7.3 ) $ (6.7 ) $ 870.5 Current maturities of Term Loan (18.0 ) — — (18.0 ) Current maturities of lease financing obligations (4.1 ) — — (4.1 ) Current maturities of Unsecured Second A&R CDA (1.5 ) — — (1.5 ) Long-term debt $ 860.9 $ (7.3 ) $ (6.7 ) $ 846.9 (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 Cash And Cash Equivalents And Managed Accessibility	The table below summarizes cash and cash equivalents and Managed Accessibility as of March 31, 2019 and December 31, 2018 : (in millions) March 31, 2019 December 31, 2018 Cash and cash equivalents 126.6 227.6 Changes to restricted cash 20.0 (25.0 ) Managed Accessibility 9.1 1.2 Total cash and cash equivalents and Managed Accessibility $ 155.7 $ 203.8
Schedule of Maximum Total Leverage Ratio for Remaining Test Periods	Our total maximum leverage ratio covenants are as follows: Four Consecutive Fiscal Quarters Ending Maximum Total Four Consecutive Fiscal Quarters Ending Maximum Total March 31, 2019 3.25 to 1.00 June 30, 2020 3.00 to 1.00 June 30, 2019 3.25 to 1.00 September 30, 2020 2.75 to 1.00 September 30, 2019 3.25 to 1.00 December 31, 2020 2.75 to 1.00 December 31, 2019 3.00 to 1.00 March 31, 2021 2.75 to 1.00 March 31, 2020 3.00 to 1.00 June 30, 2021 and thereafter 2.50 to 1.00
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The book value and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows: March 31, 2019 December 31, 2018 (in millions) Book Value Fair value Book Value Fair value Term Loan $ 559.7 $ 569.5 $ 559.4 $ 546.0 Lease financing obligations 237.6 234.9 242.2 234.7 Second A&R CDA 73.2 73.0 73.3 70.0 Total debt $ 870.5 $ 877.4 $ 874.9 $ 850.7

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lessee, Assets And Liabilities	Leases (in millions) Classification March 31, 2019 Assets Operating lease assets Operating lease right-of-use assets $ 367.6 Finance lease assets Net property and equipment 2.8 Total leased assets $ 370.4 Liabilities Current Operating Current operating lease liabilities $ 106.4 Finance Other current and accrued liabilities 0.3 Noncurrent Operating Operating lease liabilities 240.5 Finance Claims and other liabilities 3.4 Total lease liabilities $ 350.6
Lease, Cost	Three Months Ended March 31, 2019 Lease Cost (in millions) Classification Operating lease cost (a) Purchased transportation; Fuel, operating expenses and supplies $ 41.2 Short-term cost Purchased transportation; Fuel, operating expenses and supplies 3.5 Variable lease cost Purchased transportation; Fuel, operating expenses and supplies 1.5 Finance lease cost Amortization of leased assets Depreciation and amortization 0.2 Interest on lease liabilities Interest expense 0.1 Total lease cost $ 46.5 (a) Operating lease cost represents non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows.
Finance Lease, Liability, Maturity	Maturities of Lease Liabilities Operating Leases Finance Leases Total (in millions) 2019 $ 106.9 $ 0.5 $ 107.4 2020 124.1 0.6 124.7 2021 100.2 0.6 100.8 2022 49.9 0.6 50.5 2023 21.5 0.6 22.1 After 2023 16.5 4.2 20.7 Total lease payments $ 419.1 $ 7.1 $ 426.2 Less: Imputed interest 72.2 3.4 75.6 Present value of lease liabilities $ 346.9 $ 3.7 $ 350.6
Lessee, Operating Lease, Liability, Maturity	Maturities of Lease Liabilities Operating Leases Finance Leases Total (in millions) 2019 $ 106.9 $ 0.5 $ 107.4 2020 124.1 0.6 124.7 2021 100.2 0.6 100.8 2022 49.9 0.6 50.5 2023 21.5 0.6 22.1 After 2023 16.5 4.2 20.7 Total lease payments $ 419.1 $ 7.1 $ 426.2 Less: Imputed interest 72.2 3.4 75.6 Present value of lease liabilities $ 346.9 $ 3.7 $ 350.6
Lessee, Lease Term And Discount Rate	Lease Term and Discount Rate Weighted-Average Remaining Lease Weighted-Average Discount Rate (years and percent) Operating leases 3.5 11.0 % Finance leases 10.3 11.2 %
Lessee, Supplemental Cash Flow	Other Information Three Months Ended March 31, 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 36.3 Operating cash flows from finance leases 0.1 Financing cash flows from finance leases 0.2 Leased assets obtained in exchange for new finance lease liabilities — Leased assets obtained in exchange for new operating lease liabilities $ 19.1
Schedule of Future Minimum Rental Payments for Operating Leases	Below is the Company’s contractual cash obligations table as of December 31, 2018 , that disclosed operating lease payments for the next five years and thereafter. We had no material capital leases as of December 31, 2018 . Payments Due by Period (in millions) Total Less than 1 year 1-3 years 3-5 years After 5 years Operating leases $ 429.2 $ 138.4 $ 212.0 $ 63.3 $ 15.5

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Schedule of Costs of Retirement Plans	The following table presents the components of our Company-sponsored pension plan costs for the three months ended March 31 : Three Months (in millions) 2019 2018 Service cost $ — $ 0.1 Interest cost 11.4 10.9 Expected return on plan assets (14.3 ) (15.1 ) Amortization of prior service credit (0.1 ) (0.1 ) Amortization of prior net pension loss 3.2 3.7 Total net periodic pension cost $ 0.2 $ (0.5 )

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes our operations by business segment: (in millions) YRC Freight Regional Transportation Corporate/ Eliminations Consolidated As of March 31, 2019 Identifiable assets $ 1,279.6 $ 731.4 $ (82.2 ) $ 1,928.8 As of December 31, 2018 Identifiable assets $ 973.6 $ 626.4 $ 17.1 $ 1,617.1 Three Months Ended March 31, 2019 Operating revenue $ 743.8 $ 438.6 $ (0.1 ) $ 1,182.3 Operating loss $ (21.1 ) $ (7.0 ) $ (3.6 ) $ (31.7 ) Three Months Ended March 31, 2018 Operating revenue $ 751.3 $ 463.3 $ (0.1 ) $ 1,214.5 Operating income (loss) $ (6.9 ) $ 5.2 $ (2.6 ) $ (4.3 )

Description of Business (Detail

Description of Business (Details)	3 Months Ended
	Mar. 31, 2019
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 - D

Principles of Consolidation - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue from External Customer [Line Items]
Revenue	$ 1,182.3	$ 1,214.5
LTL revenue
Revenue from External Customer [Line Items]
Revenue	1,089.6	1,120.1
Other revenue
Revenue from External Customer [Line Items]
Revenue	92.7	94.4
Operating Segments | Regional Transportation
Revenue from External Customer [Line Items]
Revenue	438.6	463.3
Operating Segments | Regional Transportation | LTL revenue
Revenue from External Customer [Line Items]
Revenue	404.9	424.2
Operating Segments | Regional Transportation | Other revenue
Revenue from External Customer [Line Items]
Revenue	33.7	39.1
Operating Segments | YRC Freight
Revenue from External Customer [Line Items]
Revenue	743.8	751.3
Operating Segments | YRC Freight | LTL revenue
Revenue from External Customer [Line Items]
Revenue	684.7	695.9
Operating Segments | YRC Freight | Other revenue
Revenue from External Customer [Line Items]
Revenue	$ 59.1	$ 55.4

Principles of Consolidation - F

Principles of Consolidation - Fair Value Measurements (Details) - Fair Value, Measurements, Recurring $ in Millions	Mar. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted amounts held in escrow-current	$ 25
Total assets at fair value	25
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	25
Total assets at fair value	25
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

- New Accounting Pronouncements

- New Accounting Pronouncements (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Operating lease right-of-use assets	$ 367.6		$ 0
Operating lease liability	$ 346.9
Accounting Standards Update 2016-02
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Operating lease right-of-use assets		$ 378.8
Operating lease liability		378.8
Lease Deposits | Accounting Standards Update 2016-02
Reclassifications out of Accumulated Comprehensive loss [Line Items]
Cumulative effect of new accounting principle in period of adoption		$ 25.4

Debt and Financing - Schedule o

Debt and Financing - Schedule of Debt and Additional Information (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Par Value	$ 884.5
Discount	(7.3)
Debt Issuance Costs	(6.7)
Book Value	870.5
Book Value, Current Maturities	(23.6)		$ (20.7)
Par Value, Excluding Current Maturities	860.9
Premium (Discount)	(7.3)
Book Value, Excluding Current Maturities	846.9		854.2
Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	870.5		874.9
Fair value
Debt Instrument [Line Items]
Long-term debt, fair value	877.4		850.7
2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Total cash and cash equivalents and Managed Accessibility	155.7		203.8
Managed Accessibility	9.1		1.2
Changes to restricted cash	20		(25)
Term Loan
Debt Instrument [Line Items]
Par Value	573
Discount	(7.3)
Debt Issuance Costs	(6)
Book Value	559.7
Par Value, Current Maturities	(18)
Discount, Current Maturities	0
Deferred Issuance Costs, Current	0
Book Value, Current Maturities	$ (18)
Average Effective Interest Rate	11.60%
Term Loan | Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	$ 559.7		559.4
Term Loan | Fair value
Debt Instrument [Line Items]
Long-term debt, fair value	569.5		546
ABL Facility | 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Par Value	0
Discount	0
Debt Issuance Costs	0
Book Value	0
Line of credit facility, total cash and availability	48.1
Secured Second A&R CDA
Debt Instrument [Line Items]
Par Value	26.8
Discount	0
Debt Issuance Costs	(0.1)
Book Value	$ 26.7
Average Effective Interest Rate	8.00%
Unsecured Second A&R CDA
Debt Instrument [Line Items]
Par Value	$ 46.7
Discount	0
Debt Issuance Costs	(0.2)
Book Value	46.5
Par Value, Current Maturities	(1.5)
Discount, Current Maturities	0
Deferred Issuance Costs, Current	0
Book Value, Current Maturities	$ (1.5)
Average Effective Interest Rate	8.00%
Lease financing obligations
Debt Instrument [Line Items]
Par Value	$ 238
Discount	0
Debt Issuance Costs	(0.4)
Book Value	237.6
Par Value, Current Maturities	(4.1)
Discount, Current Maturities	0
Deferred Issuance Costs, Current	0
Book Value, Current Maturities	$ (4.1)
Average Effective Interest Rate	15.10%
Lease financing obligations | Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	$ 237.6		242.2
Lease financing obligations | Fair value
Debt Instrument [Line Items]
Long-term debt, fair value	234.9		234.7
Other Debt Obligations | Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	73.2		73.3
Other Debt Obligations | Fair value
Debt Instrument [Line Items]
Long-term debt, fair value	$ 73		$ 70
Term Loan Agreement
Debt Instrument [Line Items]
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
Total leverage ratio		2.76
London Interbank Offered Rate (LIBOR) | Term Loan
Debt Instrument [Line Items]
Floor interest rate	1.00%
Basis spread on variable rate	8.50%

Debt and Financing - Cash and C

Debt and Financing - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Cash and cash equivalents	$ 126.6	$ 227.6
2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Cash and cash equivalents	126.6	227.6
Changes to restricted cash	20	(25)
Managed Accessibility	9.1	1.2
Total cash and cash equivalents and Managed Accessibility	$ 155.7	$ 203.8

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease right-of-use assets	$ 367.6	$ 0
Finance lease assets	2.8
Total leased assets	370.4
Current operating lease liabilities	106.4	0
Current finance lease liabilities	0.3
Operating lease liabilities, noncurrent	240.5	$ 0
Finance lease liabilities, noncurrent	3.4
Present value of lease liabilities	$ 350.6

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 41.2
Short-term cost	3.5
Variable lease cost	1.5
Amortization of leased assets	0.2
Interest on lease liabilities	0.1
Total lease cost	$ 46.5

Leases - Maturity (Details)

Leases - Maturity (Details) $ in Millions	Mar. 31, 2019USD ($)
Operating Leases
2019	$ 106.9
2020	124.1
2021	100.2
2022	49.9
2023	21.5
After 2023	16.5
Total lease payments	419.1
Less: Imputed interest	72.2
Present value of lease liabilities	346.9
Finance Leases
2019	0.5
2020	0.6
2021	0.6
2022	0.6
2023	0.6
After 2023	4.2
Total lease payments	7.1
Less: Imputed interest	3.4
Present value of lease liabilities	3.7
Total
2019	107.4
2020	124.7
2021	100.8
2022	50.5
2023	22.1
After 2023	20.7
Total lease payments	426.2
Less: Imputed interest	75.6
Present value of lease liabilities	$ 350.6

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Operating lease, Weighted Average Remaining Lease	3 years 6 months
Operating lease, Weighted Average Discount Rate	11.00%
Finance lease, Weighted Average Remaining Lease	10 years 3 months 18 days
Finance lease, Weighted Average Discount Rate	11.20%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 36.3
Operating cash flows from finance leases	0.1
Financing cash flows from finance leases	0.2
Leased assets obtained in exchange for new finance lease liabilities	0
Leased assets obtained in exchange for new operating lease liabilities	$ 19.1

Leases - Maturity prior to Adop

Leases - Maturity prior to Adoption (Details) $ in Millions	Dec. 31, 2018USD ($)
Operating leases
Total	$ 429.2
Less than 1 year	138.4
1-3 years	212
3-5 years	63.3
After 5 years	$ 15.5

Employee Benefits (Details)

Employee Benefits (Details) - Other Postretirement Benefit Plans, Defined Benefit - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0.1
Interest cost	11.4	10.9
Expected return on plan assets	(14.3)	(15.1)
Amortization of prior service credit	(0.1)	(0.1)
Amortization of prior net pension loss	3.2	3.7
Total periodic pension cost	0.2	$ (0.5)
Expected future benefit payments, remainder of the year	9.9
Contributions by employer	$ 2

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	16.50%	46.90%

Loss Per Share (Details)

Loss Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidillutive options and shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	279	45

Business Segments (Details)

Business Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Identifiable assets	$ 1,928.8		$ 1,617.1
External revenue	1,182.3	$ 1,214.5
Operating income (loss)	(31.7)	(4.3)
Operating Segments | YRC Freight
Segment Reporting Information [Line Items]
Identifiable assets	1,279.6		973.6
External revenue	743.8	751.3
Operating income (loss)	(21.1)	(6.9)
Operating Segments | Regional Transportation
Segment Reporting Information [Line Items]
Identifiable assets	731.4		626.4
External revenue	438.6	463.3
Operating income (loss)	(7)	5.2
Corporate/ Eliminations
Segment Reporting Information [Line Items]
Identifiable assets	(82.2)		$ 17.1
External revenue	(0.1)	(0.1)
Operating income (loss)	$ (3.6)	$ (2.6)