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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2019	Mar. 06, 2020	Jun. 28, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	YRC Worldwide Inc.
Entity Central Index Key	0000716006
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		36,081,170
Entity Public Float			$ 134.0
Document Annual Report	true
Document Transition Report	false
Trading Symbol	YRCW
Entity File Number	0-12255
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	48-0948788
Entity Address, Address Line One	10990 Roe Avenue
Entity Address, City or Town	Overland Park
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
City Area Code	913
Local Phone Number	696-6100
Title of 12(b) Security	Common Stock, $0.01 par value per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 109.2	$ 227.6
Accounts receivable, less allowances of $11.4 and $11.1, respectively	464.4	470.3
Prepaid expenses and other	44.6	58.7
Total current assets	618.2	756.6
Property and Equipment:
Cost	2,761.6	2,765.9
Less – accumulated depreciation	(1,991.3)	(1,969.8)
Net property and equipment	770.3	796.1
Deferred income taxes, net	0.6
Operating lease right-of-use assets	386.0
Other assets	56.5	64.4
Total Assets	1,831.6	1,617.1
Current Liabilities:
Accounts payable	163.7	178.0
Wages, vacations and employee benefits	195.9	223.6
Current operating lease liabilities	120.8
Claims and insurance accruals	120.4	112.8
Other accrued taxes	25.8	24.7
Other current and accrued liabilities	21.3	32.6
Current maturities of long-term debt	4.1	20.7
Total current liabilities	652.0	592.4
Other Liabilities:
Long-term debt and financing, less current portion	858.1	854.2
Deferred income taxes, net		1.8
Pension and postretirement	236.5	202.9
Operating lease liabilities	246.3
Claims and other liabilities	279.9	271.3
Commitments and contingencies
Shareholders’ Deficit:
Cumulative preferred stock, $1 par value per share - authorized 5,000,000 shares
Common stock, $0.01 par value per share - authorized 95,000,000 shares, issued 33,715,000 and 33,090,000 shares	0.3	0.3
Capital surplus	2,332.9	2,327.6
Accumulated deficit	(2,312.4)	(2,208.4)
Accumulated other comprehensive loss	(369.3)	(332.3)
Treasury stock, at cost (410 shares)	(92.7)	(92.7)
Total shareholders’ deficit	(441.2)	(305.5)
Total Liabilities and Shareholders’ Deficit	$ 1,831.6	$ 1,617.1

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 11.4	$ 11.1
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	95,000,000	95,000,000
Common stock, shares issued	33,715,000	33,090,000
Treasury stock, shares (in shares)	410	410

Statements of Consolidated Operations - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Operating Revenue	$ 4,871.2	$ 5,092.0	$ 4,891.0
Operating Expenses:
Salaries, wages and employee benefits	2,963.7	2,950.0	2,884.2
Fuel, operating expenses and supplies	889.0	940.2	867.5
Purchased transportation	614.2	683.2	627.5
Depreciation and amortization	152.4	147.7	147.7
Other operating expenses	241.2	248.8	245.7
Gains on property disposals, net	(13.7)	(20.8)	(0.6)
Impairment charges	8.2	0.0	0.0
Total operating expenses	4,855.0	4,949.1	4,772.0
Operating Income	16.2	142.9	119.0
Nonoperating Expenses:
Interest expense	111.2	105.8	102.8
Loss on extinguishment of debt	11.2	0.0	0.0
Non-union pension and postretirement benefits	3.1	9.4	20.6
Other, net	(1.0)	(3.6)	13.7
Nonoperating expenses, net	124.5	111.6	137.1
Income (loss) before income taxes	(108.3)	31.3	(18.1)
Income tax expense (benefit)	(4.3)	11.1	(7.3)
Net Income (Loss)	$ (104.0)	$ 20.2	$ (10.8)
Average Common Shares Outstanding - Basic	33,252	32,983	32,685
Average Common Shares Outstanding - Diluted	33,252	33,859	32,685
Earnings (Loss) Per Share - Basic	$ (3.13)	$ 0.61	$ (0.33)
Earnings (Loss) Per Share - Diluted	$ (3.13)	$ 0.60	$ (0.33)

Statement of Consolidated Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (104.0)	$ 20.2	$ (10.8)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax [Abstract]
Net actuarial gains (losses) and other adjustments	(51.7)	1.0	36.1
Net prior service credit			8.9
Settlement adjustment	1.8	10.9	6.3
Amortization of prior net losses	12.9	14.6	12.9
Amortization of prior net service credit	(0.4)	(0.4)
Changes in foreign currency translation adjustments	0.4	(2.6)	5.2
Other comprehensive income (loss)	(37.0)	23.5	69.4
Comprehensive income (loss)	$ (141.0)	$ 43.7	$ 58.6

Statements of Consolidated Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Activities:
Net income (loss)	$ (104.0)	$ 20.2	$ (10.8)
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Depreciation and amortization	152.4	147.7	147.7
Lease amortization and accretion expense	168.0	0.0	0.0
Lease payments	(155.1)	0.0	0.0
Equity-based compensation and employee benefits expense	18.6	20.3	22.0
Non-union pension settlement charge	1.8	10.9	7.6
Gains on property disposals, net	(13.7)	(20.8)	(0.6)
Loss on extinguishment of debt	11.2	0.0	0.0
Impairment charges	8.2	0.0	0.0
Deferred income tax benefit, net	(3.0)	(1.1)	(13.2)
Other noncash items, net	6.4	4.9	13.2
Changes in assets and liabilities, net:
Accounts receivable	7.1	16.6	(38.6)
Accounts payable	(14.8)	6.1	10.9
Other operating assets	(1.5)	5.4	14.9
Other operating liabilities	(60.1)	14.6	(92.4)
Net cash provided by operating activities	21.5	224.8	60.7
Investing Activities:
Acquisition of property and equipment	(143.2)	(145.4)	(103.3)
Proceeds from disposal of property and equipment	25.9	36.4	8.8
Net cash used in investing activities	(117.3)	(109.0)	(94.5)
Financing Activities:
Issuance of long-term debt, net of discounts	570.0	0.0	0.0
Repayment of long-term debt	(579.0)	(31.9)	(79.3)
Debt issuance costs	(12.7)	0.0	(14.5)
Payments for tax withheld on equity-based compensation	(0.9)	(2.0)	(2.4)
Net cash used in financing activities	(22.6)	(33.9)	(96.2)
Net Increase (Decrease) In Cash and Cash Equivalents and Restricted Amounts Held in Escrow	(118.4)	81.9	(130.0)
Cash and Cash Equivalents and Restricted Amounts Held in Escrow, Beginning of Year	227.6	145.7	275.7
Cash and Cash Equivalents and Restricted Amounts Held in Escrow, End of Year	109.2	227.6	145.7
Supplemental Cash Flow Information:
Interest paid	(106.8)	(101.2)	(103.4)
Letter of credit fees paid	(6.8)	(7.0)	(7.0)
Income tax refund (payment)	$ (3.7)	$ (5.5)	$ 1.7

Statement of Consolidated Shareholders' Deficit - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Capital Surplus	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock, At Cost
Beginning balance at Dec. 31, 2017	$ (353.5)	$ 0.0	$ 0.3	$ 2,323.3	$ (2,228.6)	$ (355.8)	$ (92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	0.2	0.0		0.2
Net income (loss)	(14.6)	0.0			(14.6)
Amortization of prior net losses	3.8	0.0				3.8
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Foreign currency translation adjustments	(1.7)	0.0				(1.7)
Ending balance at Mar. 31, 2018	(365.9)	0.0	0.3	2,323.5	(2,243.2)	(353.8)	(92.7)
Beginning balance at Dec. 31, 2017	(353.5)	0.0	0.3	2,323.3	(2,228.6)	(355.8)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	20.2
Amortization of prior net losses	14.6
Amortization of prior net service credit	(0.4)
Settlement adjustment	10.9
Net actuarial loss	1.0
Foreign currency translation adjustments	(2.6)
Ending balance at Dec. 31, 2018	(305.5)	0.0	0.3	2,327.6	(2,208.4)	(332.3)	(92.7)
Beginning balance at Mar. 31, 2018	(365.9)	0.0	0.3	2,323.5	(2,243.2)	(353.8)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	3.1	0.0		3.1
Net income (loss)	14.4	0.0			14.4
Amortization of prior net losses	3.8	0.0				3.8
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Foreign currency translation adjustments	0.6	0.0				0.6
Ending balance at Jun. 30, 2018	(344.1)	0.0	0.3	2,326.6	(2,228.8)	(349.5)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	0.2	0.0		0.2
Net income (loss)	2.9	0.0			2.9
Amortization of prior net losses	3.5	0.0				3.5
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Settlement adjustment	7.2	0.0				7.2
Net actuarial loss	0.7	0.0				0.7
Foreign currency translation adjustments	0.9	0.0				0.9
Ending balance at Sep. 30, 2018	(328.8)	0.0	0.3	2,326.8	(2,225.9)	(337.3)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	0.8	0.0		0.8
Net income (loss)	17.5	0.0			17.5
Amortization of prior net losses	3.5	0.0				3.5
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Settlement adjustment	3.7	0.0				3.7
Net actuarial loss	0.3	0.0				0.3
Foreign currency translation adjustments	(2.4)	0.0				(2.4)
Ending balance at Dec. 31, 2018	(305.5)	0.0	0.3	2,327.6	(2,208.4)	(332.3)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	1.6	0.0		1.6
Net income (loss)	(49.1)	0.0			(49.1)
Amortization of prior net losses	3.2	0.0				3.2
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Foreign currency translation adjustments	0.4	0.0				0.4
Ending balance at Mar. 31, 2019	(349.5)	0.0	0.3	2,329.2	(2,257.5)	(328.8)	(92.7)
Beginning balance at Dec. 31, 2018	(305.5)	0.0	0.3	2,327.6	(2,208.4)	(332.3)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(104.0)
Amortization of prior net losses	12.9
Amortization of prior net service credit	(0.4)
Settlement adjustment	1.8
Net actuarial loss	(51.7)
Foreign currency translation adjustments	0.4
Ending balance at Dec. 31, 2019	(441.2)	0.0	0.3	2,332.9	(2,312.4)	(369.3)	(92.7)
Beginning balance at Mar. 31, 2019	(349.5)	0.0	0.3	2,329.2	(2,257.5)	(328.8)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	1.0	0.0		1.0
Net income (loss)	(23.6)	0.0			(23.6)
Amortization of prior net losses	1.6	0.0				1.6
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Foreign currency translation adjustments	0.5	0.0				0.5
Ending balance at Jun. 30, 2019	(370.1)	0.0	0.3	2,330.2	(2,281.1)	(326.8)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	1.8	0.0		1.8
Net income (loss)	(16.0)	0.0			(16.0)
Amortization of prior net losses	2.5	0.0				2.5
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Settlement adjustment	1.7	0.0				1.7
Net actuarial loss	0.3	0.0				0.3
Foreign currency translation adjustments	(0.8)	0.0				(0.8)
Ending balance at Sep. 30, 2019	(380.7)	0.0	0.3	2,332.0	(2,297.1)	(323.2)	(92.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	0.9	0.0		0.9
Net income (loss)	(15.3)	0.0			(15.3)
Amortization of prior net losses	5.6	0.0				5.6
Amortization of prior net service credit	(0.1)	0.0				(0.1)
Settlement adjustment	0.1	0.0				0.1
Net actuarial loss	(52.0)	0.0				(52.0)
Foreign currency translation adjustments	0.3	0.0				0.3
Ending balance at Dec. 31, 2019	$ (441.2)	$ 0.0	$ 0.3	$ 2,332.9	$ (2,312.4)	$ (369.3)	$ (92.7)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Description of Business

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Description of Business

1. Description of Business

YRC Worldwide, one of the largest transportation service providers in the world, offers its customers a wide range of transportation services. YRC Worldwide has one of the largest, most comprehensive 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 Freight, our LTL subsidiary, YRC Freight Canada, a subsidiary located in Canada that specializes in shipments into, across and out of Canada, and HNRY Logistics, our logistics solutions provider, specializing in truckload, residential, and warehouse solutions. 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 Holland, New Penn and 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.

Accounting Policies

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Accounting Policies

2. Accounting Policies

Accounting policies refer to specific accounting principles and the methods of applying those principles to fairly present our financial position and results of operations in accordance with generally accepted accounting principles. The policies discussed below include those that management has determined to be the most appropriate in preparing our financial statements.

Basis of Presentation

The accompanying consolidated financial statements include the accounts of YRC Worldwide and its wholly owned subsidiaries. All significant 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.

Use of Estimates

Management makes estimates and assumptions when preparing the financial statements in conformity with U.S. generally accepted accounting principles which affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include demand deposits and highly liquid investments purchased with maturities of three months or less. Under the Company’s cash management system, checks issued but not presented to banks frequently result in book overdraft balances for accounting purposes which are classified within accounts payable in the accompanying consolidated balance sheets. The change in book overdrafts are reported as a component of operating cash flows for accounts payable as they do not represent bank overdrafts.

Concentration of Credit Risks and Other

We sell services and extend credit based on an evaluation of the customer’s financial condition, without requiring collateral. Exposure to losses on receivables is principally dependent on each customer’s financial condition. We monitor our exposure for credit losses and maintain allowances for anticipated losses.

At December 31, 2019, approximately 79% of our labor force is subject to collective bargaining agreements. In 2019, we agreed to a new labor agreement that, among other things, extend the expiration date of our primary labor agreement from March 31, 2019 to March 31, 2024. This also updated the contribution rates under our multi-employer pension plan. The new agreement provided for wage and benefits increases through the term of the agreement. Finally, the new agreement provided for certain changes to work rules and our use of purchased transportation in certain situations.

Revenue Recognition and Revenue-related Reserves

The Company’s revenues are derived from the transportation services we provide through the delivery of goods over the duration of a shipment. Upon receipt of the bill of lading, the contract existence criteria is met as evidenced by a legally enforceable agreement between two parties where collectability is probable, thus creating the distinct performance obligation. The Company has elected to expense initial direct costs as incurred because the average shipment cycle is less than one week.

The YRC Freight and Regional Transportation segments recognize revenue and substantially all the purchased transportation expense on a gross basis because we direct the use of the transportation service provided and remain responsible for the complete and proper shipment.

Inherent within our revenue recognition practices are estimates for revenue associated with shipments in transit and future adjustments to revenue and accounts receivable for billing adjustments and collectability.

We record an allowance for doubtful accounts primarily based on historical uncollectible amounts. We also take into account known factors surrounding specific customers and overall collection trends. For the reserve for uncollectible accounts, we primarily use historical write-off experience but may also consider customer-specific factors, overall collection trends and economic conditions as part of our ongoing monitoring of credit. Our process involves performing ongoing credit evaluations of customers, including the market in which they operate and the overall economic conditions. We continually review historical trends and customer specific factors and make adjustments to the allowance for doubtful accounts as appropriate. Our allowance for doubtful accounts totaled $11.4 million and $11.1 million as of December 31, 2019 and 2018, respectively.

Given the nature of our transportation services, future adjustments may arise which creates variability when establishing the transaction price used to recognize revenue. We have a high volume of performance obligations with similar characteristics, therefore we primarily use historical trends to arrive at estimated reserves. For rerate reserves, which are common for LTL carriers, we assign pricing to bills of lading at the time of shipment based primarily on the weight, general classification of the product, the shipping destination and individual customer discounts. This process is referred to as rating. At various points throughout our process, incorrect ratings could be identified based on many factors, including weight and commodity verifications. Although the majority of rerating occurs in the same month as the original rating, a portion occurs during subsequent periods. At December 31, 2019 and 2018, our financial statements included a rerate reserve as a reduction to “Accounts Receivable” of $7.9 million and $12.5 million, respectively.

For shipments in transit, we record revenue based on the percentage of service completed as of the period end and recognize delivery costs as incurred. The percentage of service completed for each shipment is based on how far along in the shipment cycle each shipment is in relation to standard transit days. Standard transit days are defined as our published service days between origin zip code and destination zip code. The total revenue earned is accumulated for all shipments in transit at a particular period end and recorded as operating revenue. At December 31, 2019 and 2018, our financial statements included deferred revenue as a reduction to “Accounts Receivable” of $25.2 million and $25.7 million, respectively.

Beginning January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers using a modified retrospective approach. There was no cumulative effect adjustment recorded.

Revenue Disaggregation

We considered the disclosure requirements for revenue disaggregation guidance in ASC Topic 606, Revenue from Contracts with Customers, 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 impacts from shipments over 10,000 pounds.

YRC Freight segment (in millions)	2019		2018
LTL revenue	$	2,841.0	$	2,948.1
Other revenue		247.7		249.2
Total revenue		3,088.7		3,197.3

Regional Transportation segment (in millions)	2019		2018
LTL revenue	$	1,653.0	$	1,742.5
Other revenue		129.7		152.5
Total revenue		1,782.7		1,895.0

Consolidated (in millions)	2019		2018
LTL revenue	$	4,494.0	$	4,690.6
Other revenue		377.2		401.4
Total revenue		4,871.2		5,092.0

Self-Insurance Accruals for Claims

Claims and insurance accruals, both current and long-term, reflect the estimated settlement cost of claims for workers’ compensation, property damage and liability claims (also referred to as third-party liability claims), and cargo loss and damage that insurance does not cover. We establish and modify reserve estimates for workers’ compensation and property damage and liability claims primarily based upon actuarial analyses prepared by independent actuaries. These reserves are discounted to present value using a risk-free rate based on the year of occurrence. The risk-free rate is the U.S. Treasury rate for maturities that match the expected payout of such claims and was 2.0%, 2.6% and 1.5% for workers’ compensation claims incurred as of December 31, 2019, 2018 and 2017, respectively. The rate was 2.1%, 2.5% and 1.3% for property damage and liability claims incurred as of December 31, 2019, 2018 and 2017, respectively. The process of determining reserve requirements utilizes historical trends and involves an evaluation of accident frequency and severity, claims management, changes in health care costs and certain future administrative costs. The effect of future inflation for costs is considered in the actuarial analysis. Adjustments to previously established reserves are included in operating results in the year of adjustment.

Expected aggregate undiscounted amounts and material changes to these amounts related to workers’ compensation and property damage and liability claims as of December 31 are presented below:

(in millions)	Workers’ Compensation			Third-Party Liability Claims			Total
Undiscounted amount at December 31, 2017	$	299.3		$	70.5		$	369.8
Estimated settlement cost for 2018 claims		95.9			40.0			135.9
Claim payments, net of recoveries		(92.4	)		(36.2	)		(128.6	)
Change in estimated settlement cost for prior claim years		(15.0	)		(0.7	)		(15.7	)
Undiscounted settlement cost estimate at December 31, 2018	$	287.8		$	73.6		$	361.4
Estimated settlement cost for 2019 claims		103.3			35.2			138.5
Claim payments, net of recoveries		(95.9	)		(36.1	)		(132.0	)
Change in estimated settlement cost for prior claim years		(9.6	)		1.1			(8.5	)
Undiscounted settlement cost estimate at December 31, 2019	$	285.6		$	73.8		$	359.4
Discounted settlement cost estimate at December 31, 2019	$	262.2		$	73.4		$	335.6

In addition to the amounts above, accrued settlement cost amounts for cargo claims and other insurance related amounts, none of which are discounted, totaled $13.7 million and $13.9 million at December 31, 2019 and 2018, respectively.

Estimated cash payments to settle claims which were incurred on or before December 31, 2019, for the next five years and thereafter are as follows:

(in millions)	Workers’ Compensation		Third-Party Liability Claims		Total
2020	$	78.3	$	33.5	$	111.8
2021		50.1		17.9		68.0
2022		33.3		11.4		44.7
2023		22.0		5.8		27.8
2024		16.4		2.6		19.0
Thereafter		85.5		2.6		88.1
Total	$	285.6	$	73.8	$	359.4

Equity-Based Compensation

We have various equity-based employee compensation plans, which are described more fully in the “Equity-Based Compensation Plans” footnote to our consolidated financial statements. We recognize compensation costs for non-vested shares based on the grant date fair value. For our equity grants, with no performance requirement, we recognize compensation cost on a straight-line basis over the requisite service period (generally three years) based on the grant-date fair value. For our performance-based awards, the Company expenses the grant date fair value of the awards which are probable of being earned in the performance period over the respective service period.

Property and Equipment

The following is a summary of the components of our property and equipment at cost as of December 31:

(in millions)	2019		2018
Land	$	239.9	$	243.7
Structures		788.4		791.3
Revenue equipment		1,228.2		1,257.4
Technology equipment and software		291.7		259.7
Other^(a)		213.4		213.8
Total property and equipment, at cost	$	2,761.6	$	2,765.9

(a)

Other consists of miscellaneous equipment used in field operations.

We carry property and equipment at cost less accumulated depreciation. We compute depreciation using the straight-line method based on the following service lives:

		Years
Structures		10 - 30
Revenue equipment		10 - 20
Technology equipment and software		3 - 7
Other		3 - 10

We charge maintenance and repairs to expense as incurred and betterments are capitalized. The cost of replacement tires is expensed at the time those tires are placed into service, as is the case with other repair and maintenance costs. Leasehold improvements are capitalized and amortized over the shorter of their useful lives or the remaining lease term.

In addition to purchasing new revenue equipment, we also rebuild the engines of our tractors (at certain time or mile intervals). Because rebuilding an engine increases its useful life, we capitalize these costs and depreciate over the remaining useful life of the unit. The cost of engines on newly acquired revenue equipment is capitalized and depreciated over the estimated useful life of the related equipment.

Our investment in technology equipment and software consists primarily of freight movement, automation, administrative, and related software. The Company capitalizes certain costs associated with developing or obtaining internal-use software. Capitalizable costs include external direct costs of materials and services utilized in developing or obtaining the software and payroll and payroll-related costs for employees directly associated with the development of the project.

For the years ended December 31, 2019, 2018 and 2017, depreciation expense was $150.5 million, $145.9 million and $147.7 million, respectively.

Long-lived assets are reviewed for impairment when events or circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment indicators are present and the estimated future undiscounted cash flows are less than the carrying value of the long-lived assets, the carrying value would be reduced to the estimated fair value. Future cash flow estimates for an impairment review would be based on the lowest level of identifiable cash flows, which are at the operating company level.

Fair Value of Financial Instruments

From time to time, we hold financial assets held at fair value, which consists of restricted cash held in escrow. Restricted amounts held in escrow are invested in money market accounts and are recorded at fair value based on quoted market prices and have typically been level 1 fair value assets. Assets are considered level 1 if their valuations are based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. As of December 31, 2019 and 2018, we had no restricted amounts held in escrow. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximates their fair value due to the short-term nature of these instruments.

The fair value of our long-term debt is included in the “Debt and Financing” footnote to the consolidated financial statements.

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 “Other assets” to a reduction of “Operating lease liabilities” per the consolidated balance sheet upon adoption of the new standard.

The new standard did not impact the calculation of our financial covenants defined under the terms of our credit agreements.

See the “Leases” footnote to the consolidated financial statements for additional information.

Impact of Recently-Issued Accounting Standards

In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses. ASU 2016-13 requires an entity to utilize a new impairment model known as the current expected credit loss ("CECL") model to estimate its lifetime expected credit loss and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset, including trade receivables. The CECL model is expected to result in more timely recognition of credit losses. ASU 2016-13 is effective for public companies for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. The Company does not expect this standard to have a material impact on our financial statements.

In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software, that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this standard on January 1, 2020, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements during 2020.

In December 2019, the FASB issued ASU 2019-12, Income Taxes. The amendments of ASU 2019-12 are meant to simplify and reduce the cost of accounting for income taxes. ASU 2019-12 is effective for public companies for annual periods beginning after December 15, 2020, including interim periods within those fiscal years. The Company does not expect this standard to have a material impact on our financial statements.

Other Assets

12 Months Ended

Dec. 31, 2019

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Other Assets

3. Other Assets

The primary components of Other assets at December 31 are as follows:

(in millions)	2019		2018
Intangible assets	$	15.0	$	25.2
Prepayments^(a)		1.4		18.0
Other^(b)		40.1		21.2
Total	$	56.5	$	64.4

(a)

Prepayments for 2018 primarily consist of prepaid costs for revenue equipment leases, which were reclassed in 2019 after the adoption of ASU 2016-02, Leases.

(b)

Other includes insurance receivables (which are offset by amounts to be paid for claims in excess of self-insured retention), net pension assets, long-term deposits and other immaterial assets of varying types.

Employee Benefits

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Employee Benefits

4. Employee Benefits

Qualified and Nonqualified Defined Benefit Pension Plans

YRC Worldwide and certain of our operating subsidiaries sponsor qualified and nonqualified defined benefit pension plans for certain employees not covered by collective bargaining agreements (approximately 9,000 current, former and retired employees). Qualified and nonqualified pension benefits are based on years of service and the employees’ covered earnings. Employees covered by collective bargaining agreements participate in various multi-employer pension plans to which YRC Worldwide contributes, as discussed below. Regional Transportation does not offer a defined benefit pension plan and instead offers retirement benefits through contributory 401(k) savings plans, as discussed below. The domestic YRC Worldwide defined benefit pension plans closed to new participants effective January 1, 2004 and the benefit accrual for active employees was frozen effective July 1, 2008. Our actuarial valuation measurement date for our pension plans is December 31.

Funded Status

The reconciliation of the beginning and ending balances of the projected benefit obligation and the fair value of plan assets for the years ended December 31, 2019 and 2018, and the funded status at December 31, 2019 and 2018, is as follows:

(in millions)	2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,073.2		$	1,228.4
Interest cost		45.7			44.1
Benefits paid		(96.7	)		(110.4	)
Actuarial (gain) loss		106.5			(88.5	)
Other		0.1			(0.4	)
Benefit obligation at year end	$	1,128.8		$	1,073.2
Change in plan assets:
Fair value of plan assets at prior year end	$	874.9		$	998.3
Actual return on plan assets		112.1			(27.8	)
Employer contributions		9.7			15.2
Benefits paid		(96.7	)		(110.4	)
Other		—			(0.4	)
Fair value of plan assets at year end	$	900.0		$	874.9
Funded status at year end	$	(228.8	)	$	(198.3	)

The underfunded status of the plans of $228.8 million and $198.3 million at December 31, 2019 and 2018, respectively, is recognized in the accompanying consolidated balance sheets as shown in the table below. No plan assets are expected to be returned to the Company during the year ending December 31, 2020.

Our long-term strategy is to reduce the risk of our plans and improve the funded status. In 2017, the Company amended the domestic pension plans to provide an automatic commencement of benefit at age 65, regardless of employment status, in an effort to reduce our long-term pension obligations and ongoing annual pension expense. At the same time, the Yellow Transportation Plan was amended to permit the payment of lump sum benefit payments for those participants who reached age 65. Effective January 1, 2018, the Yellow Transportation Plan was amended to permit the payment of lump sum benefit payments for all participants. The impact of these amendments to the benefit obligation is reflected in “Plan amendments” in the above table. These amendments triggered non-cash settlement charges of $10.9 million and $7.6 million in 2018 and 2017, respectively, due to the amount of lump sum benefit payments distributed from plan assets. The lump sum benefit payments reduce pension obligations and are funded from existing plan assets. The non-cash settlement charge results from the requirement to expense the unrecognized actuarial losses associated with the lump sum settlements, which are reflected in nonoperating expenses. The charge had no effect on total equity because the actuarial losses were already recognized in accumulated other comprehensive loss. Accordingly, the effect on retained earnings was offset by a corresponding reduction in accumulated other comprehensive loss.

In 2019, the closure of a small plan for Canadian employees resulted in lump sum benefit payments and annuity purchase premium transfers. These payments triggered a non-cash settlement charge of $1.8 million. Like previous non-cash settlement charges, this was reflected in nonoperating expenses, with a corresponding offset in accumulated other comprehensive loss.

Benefit Plan Obligations

Amounts recognized in the consolidated balance sheets for pension benefits at December 31 are as follows:

(in millions)	2019		2018
Noncurrent assets	$	6.1	$	2.7
Current liabilities		1.0		0.8
Noncurrent liabilities		233.9		200.2

Amounts recognized in accumulated other comprehensive loss at December 31 consist of:

(in millions)	2019			2018
Net actuarial loss	$	406.1		$	368.9
Net prior service credit		(9.8	)		(10.3	)
Total	$	396.3		$	358.6

As shown above, included in accumulated other comprehensive loss at December 31, 2019, are unrecognized actuarial losses of $396.3 million ($372.1 million, net of tax). The expected amortization of actuarial loss and net prior service credit included in accumulated other comprehensive loss and expected to be recognized in net periodic cost in 2020 is $15.0 million and $0.4 million, respectively.

Information for pension plans with an accumulated benefit obligation (“ABO”) in excess of plan assets and plan assets that exceed ABO at December 31, 2019 and 2018 is as follows:

	At December 31, 2019
(in millions)	ABO Exceeds Assets		Assets Exceed ABO		Total
Projected benefit obligation	$	960.9	$	167.9	$	1,128.8
Accumulated benefit obligation		960.9		167.9		1,128.8
Fair value of plan assets		726.0		174.0		900.0

	At December 31, 2018
(in millions)	ABO Exceeds Assets		Assets Exceed ABO		Total
Projected benefit obligation	$	927.6	$	145.6	$	1,073.2
Accumulated benefit obligation		927.6		145.6		1,073.2
Fair value of plan assets		726.6		148.3		874.9

Assumptions

Weighted average actuarial assumptions used to determine benefit obligations at December 31:

		2019				2018
Discount rate			3.56	%			4.44	%

Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:

	2019			2018			2017
Discount rate		4.44	%		3.77	%		4.27	%
Expected rate of return on assets		7.0	%		7.0	%		7.0	%
Mortality table^(a)	Pri-2012 (MP-2019 Scale, Custom)			RP-2014 (MP-2016 Scale, Custom)			RP-2014 (MP-2016 Scale, Custom)

(a)	The 2019, 2018 and 2017 mortality tables were based on a custom mortality improvement scale to reflect expectations of underlying plan participants.

The discount rate refers to the interest rate used to discount the estimated future benefit payments to their present value, also referred to as the benefit obligation. The discount rate allows us to estimate what it would cost to settle the pension obligations as of the measurement date, December 31, and is used as the interest rate factor in the following year’s pension cost. We determine the discount rate by selecting a portfolio of high quality noncallable bonds such that the coupons and maturities exceed or are similar to our expected benefit payments.

In determining the expected rate of return on assets, we consider our historical experience in the plans’ investment portfolio, historical market data and long-term historical relationships as well as a review of other objective indices including current market factors such as inflation and interest rates. Although plan investments are subject to short-term market volatility, we believe they are well diversified and closely managed.

Our asset allocation as of December 31, 2019 and 2018, and targeted long-term asset allocation for the plans are as follows:

	2019			2018			Target
Equities		33.0	%		39.0	%		38.0	%
Debt Securities		30.0	%		24.0	%		30.0	%
Absolute Return		37.0	%		37.0	%		32.0	%

Based on various market factors, we selected an expected rate of return on assets of 7.0% effective for the 2019 and 2018 valuations. We will continue to review our expected long-term rate of return on an annual basis and revise appropriately. The pension trust holds no YRC Worldwide securities.

Future Contributions and Benefit Payments

We expect to contribute approximately $31.5 million to our single-employer pension plans in 2020.

Expected benefit payments from our qualified and non-qualified defined benefit pension plans for each of the next five years and the total benefit payments for the following five years ended December 31 are as follows:

(in millions)		2020				2021				2022				2023				2024				2025-2029
Expected benefit payments		$	89.4			$	85.8			$	84.3			$	80.6			$	80.1			$	370.1

Pension and Other Post-retirement Costs

The components of our net periodic pension cost, other post-retirement costs and other amounts recognized in other comprehensive loss (income) for the years ended December 31, 2019, 2018 and 2017 were as follows:

(in millions)	2019			2018			2017
Net periodic benefit cost:
Service cost	$	—		$	—		$	5.4
Interest cost		45.7			44.1			51.1
Expected return on plan assets		(57.3	)		(60.0	)		(59.3	)
Amortization of prior net losses		12.8			14.6			15.5
Amortization of prior net service credit		(0.4	)		(0.4	)		—
Settlement adjustment		1.8			10.9			7.6
Net periodic pension cost	$	2.6		$	9.2		$	20.3
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net actuarial gains (losses) and other adjustments	$	51.9		$	(0.9	)	$	(43.7	)
Net prior service credit		—			—			(10.7	)
Settlement adjustment		(1.8	)		(10.9	)		(7.6	)
Amortization of prior net losses		(12.8	)		(14.6	)		(15.5	)
Amortization of prior net service credit		0.4			0.4			—
Total recognized in other comprehensive loss (income)		37.7			(26.0	)		(77.5	)
Total recognized in net periodic benefit cost and other comprehensive loss (income)	$	40.3		$	(16.8	)	$	(57.2	)

During the years ended December 31, 2019, 2018 and 2017 the income tax expense (benefit) related to amounts in other comprehensive (income) loss was $(0.3) million, $(0.1) million and $13.3 million, respectively.

Fair Value Measurement

Our pension assets are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of Level 1 assets are based on quoted market prices. The majority of the Level 1 assets presented in the table below include common stock of both U.S. and, to a lesser extent, international companies, and mutual funds, which are actively traded and priced in the market. The fair value of Level 2 assets are based on other significant observable inputs, including quoted prices for similar securities. The Level 2 assets presented in the below table consist primarily of fixed income and absolute return funds where values are based on the quoted prices of similar securities and observable market data. Level 3 assets are those where the fair value is determined based on unobservable inputs. The Level 3 assets consist primarily of private equities, and the assets are either priced at cost less cash distributions for recent asset purchases, third-party valuations or discounted cash flow methods. Assets that are not considered Level 1, 2 or 3 assets are valued at the net asset value (“NAV”) of the underlying investments held, as determined by the fund managers. The methods and assumptions used by third-party pricing sources may include a variety of factors, such as recently executed transactions, existing contracts, economic conditions, industry or market developments, and overall credit ratings. These estimated fair values may differ significantly from the values that would have been used had a ready market for these investments existed and as such, differences could be material.

The availability of observable data is monitored by plan management to assess appropriate classification of financial instruments within the fair value hierarchy. Depending upon the availability of such inputs, specific securities may transfer between levels. In such instances, the transfer is reported at the end of the reporting period.

The tables below detail by level, within the fair value hierarchy, the pension assets at fair value as of December 31, 2019 and December 31, 2018:

	Pension Assets at Fair Value as of December 31, 2019
(in millions)	Total		Level 1		Level 2		Level 3
Equities	$	67.0	$	66.6	$	0.4	$	—
Private equities		36.4		—		—		36.4
Fixed income:
Corporate and other		29.0		2.2		18.4		8.4
Government		204.2		53.3		150.9		—
Interest bearing		27.2		15.0		12.2		—
Investments measured at NAV^(a)		536.2
Total plan assets	$	900.0	$	137.1	$	181.9	$	44.8

	Pension Assets at Fair Value as of December 31, 2018
(in millions)	Total		Level 1			Level 2		Level 3
Equities	$	67.7	$	65.5		$	2.2	$	—
Private equities		43.4		—			—		43.4
Fixed income:
Corporate and other		24.8		7.7			16.2		0.9
Government		177.1		67.2			109.9		—
Interest bearing		25.1		(10.5	)		35.6		—
Investments measured at NAV^(a)		536.8
Total plan assets	$	874.9	$	129.9		$	163.9	$	44.3

(a)	Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.

The table below presents the activity of our assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

(in millions)	Private Equities			Fixed income			Total Level 3
Balance at December 31, 2017	$	46.6		$	6.0		$	52.6
Purchases		—			0.6			0.6
Sales		(0.3	)		—			(0.3	)
Unrealized losses		(2.9	)		(5.7	)		(8.6	)
Balance at December 31, 2018	$	43.4		$	0.9		$	44.3
Purchases		—			8.1			8.1
Sales		(16.7	)		(0.8	)		(17.5	)
Realized gains		1.9			—			1.9
Unrealized gains		7.8			0.2			8.0
Balance at December 31, 2019	$	36.4		$	8.4		$	44.8

The following table sets forth a summary of the assets for which a reported NAV is used to estimate the fair value as of December 31, 2019:

	Fair value estimated using Net Asset Value per Share
(in millions)	Fair Value		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Private equities^(a)	$	127.0	$	1.7	Redemptions not permitted
Fixed income^(b)		231.4		4.1	Redemptions not permitted
Equities^(c)		81.9		—	Daily, Monthly	0-30 days
Absolute return^(d)		95.9		—	Monthly, Quarterly	3-75 days
Total	$	536.2

(a)	Consists of private equity investments in pharmaceuticals and companies primarily in the technology and healthcare sectors.

(b)	Primarily consists of investments in royalty payments from marketers of pharmaceuticals and related debt securities.

(c)	Consists of public equity investments in U.S. and non-U.S. markets.

(d)	Consists of investments in global markets, including derivative securities of equity and fixed income indexes, commodities and interest rates.

The following table sets forth a summary of the assets for which a reported NAV is used to estimate the fair value as of December 31, 2018:

	Fair value estimated using Net Asset Value per Share
(in millions)	Fair Value		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Private equities^(a)	$	155.2	$	2.8	Redemptions not permitted
Fixed income^(b)		189.2		0.5	Redemptions not permitted
Equities^(c)		84.0		—	Monthly	3-30 days
Absolute return^(d)		108.4		—	Monthly, Quarterly	2-45 days
Total	$	536.8

(a)	Consists of private equity investments in pharmaceuticals and companies primarily in the technology and healthcare sectors.

(b)	Primarily consists of investments in royalty payments from marketers of pharmaceuticals and related debt securities.

(c)	Consists of public equity investments in U.S. and non-U.S. markets.

(d)	Consists of investments in global markets, including derivative securities of equity and fixed income indexes, commodities and interest rates.

Generally, the investment strategy for private equities consists of direct investments or investments through limited partnerships with managers who purchase interests in non-public companies. The typical investment strategies of the fixed income and equity funds is based on fundamental and quantitative analysis and consists of long and hedged strategies. The general strategy of the absolute return funds consists of alternative investment techniques, including derivative instruments and other unconventional assets, to achieve an absolute return rate.

Multi-Employer Plans

YRC Freight, Holland, Reddaway, and New Penn contribute to various separate multi-employer health, welfare and pension plans for employees that are covered by our collective bargaining agreements (approximately 79% of total employees of YRC Worldwide and its subsidiaries). The collective bargaining agreements determine the amounts of these contributions. The health and welfare plans provide medical related benefits to active employees and retirees. The pension plans provide retirement benefits to retired participants. We recognize multi-employer pension cost within ‘Salaries, wages and employee benefits’ the contractually required contributions for the period and recognize as a liability any contributions due and unpaid at period end. We do not directly manage the multi-employer plans to which we contribute. The trusts covering these plans are generally managed by trustees, half of whom the unions appoint and half of whom various contributing employers appoint.

We expensed the following amounts related to these plans for the years ended December 31:

(in millions)	2019		2018		2017
Health and welfare	$	503.5	$	499.3	$	482.6
Pension		127.6		115.5		98.1
Total	$	631.1	$	614.8	$	580.7

Pension

Through the third quarter of 2009, we deferred payment of certain of our contributions to multi-employer pension funds. These deferred payments have been recognized as an operating expense and the liability was recorded as deferred contribution obligations. Beginning in the third quarter of 2009 through May 2011, most of our collective bargaining agreements provided for a temporary cessation of pension contributions so no expense or liability was required to be recognized for that period. In accordance with modifications to our collective bargaining agreements, we agreed to resume making pension contributions effective June 1, 2011 at 25.0% of the contribution rate in effect as of July 1, 2009.

The following table provides additional information related to our participation in individually significant multi-employer pension plans for the year ended December 31, 2019:

Expiration Date

Funding

of Collective-

Pension Protection Zone Status^(b)

Improvement or

Employer

Bargaining

Pension Fund^(a)

EIN Number

2019

2018

Rehabilitation Plan

Surcharge Imposed

Agreement

Central States, Southeast and Southwest Areas Pension Fund

36-6044243

Critical and

Declining

Critical and

Declining

Yes

3/31/2024

Teamsters National 401(k) Savings Plan^(c)

52-1967784

N/A

3/31/2024

Road Carriers Local 707 Pension Fund

51-6106510

Critical and

Declining

Critical and

Declining

Yes

3/31/2024

Teamsters Local 641 Pension Fund

22-6220288

Critical and

Declining

Critical and

Declining

Yes

3/31/2024

(a)

The determination of individually significant multi-employer plans is based on our contributions to the plans relative to our total contributions over the periods presented, as well as our contributions to the plans relative to the total contributions that the individual plans received during the periods presented.

(b)

The Pension Protection Zone Status indicated herein is based on information that the Company obtained from the plans’ Forms 5500. Unless otherwise noted, the most recent PPA zone status available for 2019 and 2018 is for the plan’s year-end during calendar years 2018 and 2017, respectively. Among other factors, plans in the critical or critical and declining zone are generally less than 65 percent funded, plans in the endangered zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.

(c)

The policies of the Western Conference of Teamsters Pension Trust precluded the Company from reentering the plan on June 1, 2011. The plan did not assess a withdrawal liability and has not done so since June 1, 2011. Contributions related to the employees previously covered by this plan are now being made to the Teamsters National 401(k) Plan.

YRC Worldwide was listed in the Central States, Road Carriers Local 707 Pension Fund and Teamsters Local 641 Pension Fund’s Forms 5500 as providing more than 5 percent of the total contributions for 2018 and 2017.

We contributed a total of $128.8 million, $112.6 million and $97.8 million to the multi-employer pension funds for the years ended December 31, 2019, 2018 and 2017. The following table provides the pension amounts contributed by fund for those funds that are considered to be individually significant:

(in millions)	2019		2018		2017
Central States, Southeast and Southwest Areas Pension Plan	$	77.7	$	70.7	$	58.8
Teamsters National 401(k) Savings Plan		19.0		14.7		13.1
Road Carriers Local 707 Pension Fund		2.5		2.2		2.2
Teamsters Local 641 Pension Fund		2.1		1.8		1.5

In 2006, the PPA became law and modified both the Code as it applies to multi-employer pension plans and the Employment Retirement Income Security Act of 1974 (as amended, “ERISA”). The Code and ERISA (in each case, as so modified) and related regulations establish minimum funding requirements for multi-employer pension plans.

In 2014, the MPRA became law which modified the ability to suspend accrued benefits of plans facing insolvency by adding a new zone status of Critical and Declining.

If any of our multi-employer pension plans fail to meet minimum funding requirements, meet a required funding improvement or rehabilitation plan that the PPA may require for certain of our underfunded plans, obtain from the IRS certain changes to or a waiver of the requirements in how the applicable plan calculates its funding levels, or reduce pension benefits to a level where the requirements are met, then we could be required to make additional contributions to the pension plan. If any of our multi-employer pension plans enters critical status or worse and our contributions are not sufficient to satisfy any rehabilitation plan schedule, the PPA could require us to make additional surcharge contributions to the multi-employer pension plan in the amount of five to ten percent of the existing contributions required by our labor agreement for the remaining term of the labor agreement.

In 2016 and 2015, the Central States, Southeast and Southwest Pension Plan and Road Carriers Local 707 Pension Fund filed an application under MPRA with the Department of Treasury requesting the approval of a benefit suspension plan, which was denied. In 2016, the New York State Teamsters Conference Pension and Retirement Fund filed a suspension application which was approved and implemented October 2017. The plan requires annual future employer contribution increases of 3.5% to the plan.

If we fail to make our required contributions to a multi-employer plan under a funding improvement or rehabilitation plan, it would expose us to penalties including potential withdrawal liability. If the benchmarks that an applicable funding improvement or rehabilitation plan provides are not met by the end of a prescribed period, the IRS could impose an excise tax on us and the plan’s other contributing employers. These excise taxes are not contributed to the deficient funds, but rather are deposited in the United States general treasury funds.

A requirement to materially increase contributions beyond our contractually agreed rate or the imposition of an excise tax on us could have a material adverse impact on the financial results and liquidity of the Company.

401(k) Savings Plans

We sponsor the YRC Worldwide Inc. 401(k) Plan and the Reddaway Hourly 401(k) Plan, which are defined contribution plans primarily for employees that our collective bargaining agreements do not cover. The plans permit participants to make contributions to the plans and permit the employer of participants to make contributions on behalf of the participants. Additionally, the Reddaway Hourly 401(k) Plan allows for a non-elective employer contribution. Including non-elective employer contributions, total employer contributions were $12.8 million in 2019, $13.3 million in 2018 and $10.3 million in 2017. Our employees covered under collective bargaining agreements may also participate in union-sponsored 401(k) plans.

Annual Incentive Awards

The Company provides an annual cash incentive compensation plan (Annual Incentive Plan, or AIP) to certain salaried employees across various levels of the organization which is based on factors such as operating revenues and Adjusted EBITDA achieved for the year, compared to targeted operating results. Results from operations include performance incentive accruals of $29.8 million in 2018, with no such accruals in 2019 or 2017. The AIP awards earned for a year are paid in the first quarter of the following year.

Debt and Financing

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt and Financing

5. Debt and Financing

Our outstanding debt as of December 31, 2019 and December 31, 2018 consisted of the following:

As of December 31, 2019 (in millions)	Par Value			Discount			Debt Issuance Costs			Book Value				Effective Interest Rate
New Term Loan	$	600.0		$	(28.1	)	$	(12.0	)	$	559.9		^(a)		10.5	%
ABL Facility		—			—			—			—
Secured Second A&R CDA		26.0			—			(0.1	)		25.9				7.9	%
Unsecured Second A&R CDA		45.2			—			(0.1	)		45.1				7.9	%
Lease financing obligations		231.6			—			(0.3	)		231.3				16.5	%
Total debt	$	902.8		$	(28.1	)	$	(12.5	)	$	862.2
Current maturities of Unsecured Second A&R CDA		(1.4	)		—			—			(1.4	)
Current maturities of lease financing obligations		(2.7	)		—			—			(2.7	)
Long-term debt	$	898.7		$	(28.1	)	$	(12.5	)	$	858.1

As of December 31, 2018 (in millions)	Par Value			Discount			Debt Issuance Costs			Book Value				Effective Interest Rate
Prior Term Loan	$	573.7		$	(7.8	)	$	(6.5	)	$	559.4		^(b)		11.4	%
ABL Facility		—			—			—			—
Secured Second A&R CDA		26.9			—			(0.1	)		26.8				7.9	%
Unsecured Second A&R CDA		46.7			—			(0.2	)		46.5				7.9	%
Lease financing obligations		242.7			—			(0.5	)		242.2				14.9	%
Total debt	$	890.0		$	(7.8	)	$	(7.3	)	$	874.9
Current maturities of Term Loan		(14.2	)		—			—			(14.2	)
Current maturities of Unsecured Second A&R CDA		(1.5	)		—			—			(1.5	)
Current maturities of lease financing obligations		(5.0	)		—			—			(5.0	)
Long-term debt	$	869.3		$	(7.8	)	$	(7.3	)	$	854.2

(a)	As of December 31, 2019, the stated interest rate represented a variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% plus a fixed margin of 7.50%.

(b)	As of December 31, 2018, the stated interest rate represented a variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% plus a fixed margin of 8.50%.

Credit Facilities

As of December 31, 2019, we had two primary credit facilities that we utilized to support our liquidity needs: a $600.0 million Term Loan and a $450.0 million ABL Facility. The ABL Facility is used to support our outstanding letters of credit commitments. We have set forth a brief description of our two primary credit facilities and our other financing arrangements in place at December 31, 2019 below.

New Term Loan

On September 11, 2019, the Company and certain of its subsidiaries, as guarantors (the “Term Guarantors”), amended and restated the existing credit facilities under the credit agreement dated February 13, 2014 (the “Prior Term Loan Agreement”) and entered into a new term loan agreement (“New Term Loan Agreement”) with funds managed by Apollo Global Management, LLC acting collectively as lead lender, and Cortland Products Corp, as administrative agent and collateral agent. The obligations of the Company under the New Term Loan Agreement are unconditionally guaranteed by the Term Guarantors.

The $600.0 million term loan (the “New Term Loan”) has a maturity date of June 30, 2024, with a single payment due at maturity of the outstanding balance. The New Term Loan bears interest at LIBOR (subject to a floor of 1.0%) plus a margin of 7.5% per annum, payable at least quarterly in cash, subject to a 1.0% margin step down in the event the Company achieves greater than $400.0 million in trailing-twelve-month Adjusted EBITDA (defined in the New Term Loan Agreement as “Consolidated EBITDA”). Obligations under the New Term Loan are secured by a perfected first priority security interest in (subject to permitted liens) assets of the Company and the Term Guarantors, including but not limited to all of the Company’s wholly owned terminals, tractors and trailers, subject to certain limited exceptions.

The New Term Loan eliminated the total maximum leverage ratio covenant that the Company was subject to under the Prior Term Loan Agreement and introduced a new covenant that requires the Company maintain a minimum trailing-twelve-month Adjusted EBITDA of $200.0 million, measured quarterly. The New Term Loan is subject to repayment with, among other things, 100.0% of the net cash proceeds from the disposition of assets outside the ordinary course of business, except that the Company is permitted to keep the first $40.0 million in trucking terminal property sales over the term of the loan to reinvest in operations or other strategic initiatives, where applicable.

Borrowings under the New Term Loan may be voluntarily prepaid, provided however, that any such prepayment or mandatory prepayment (other than with respect to a prepayment with excess cash flow) will be subject to a 3.0% premium until the first anniversary date, a 2.0% premium from the first anniversary date until the second anniversary date, and a 1.0% premium from the second anniversary date until the third anniversary date, and 0.0% thereafter.

The New Term Loan resulted in an extinguishment of $11.2 million in capitalized issuance discount and unamortized deferred debt issuance costs relating to the prior term loan. The original issuance discount and transaction fees relating to the New Term Loan were capitalized and will be amortized through interest expense over the life of the New Term Loan.

Risks and Uncertainties Regarding Compliance with Credit Facility Financial Covenants

Under the New Term Loan, we are required to maintain at least $200.0 million in Adjusted EBITDA on a TTM basis measured each quarter until maturity (June 2024). For the TTM period ended December 31, 2019, we achieved Adjusted EBITDA of $210.6 million. We believe that our results of operations will allow us to comply with the minimum Adjusted EBITDA covenant for at least the next twelve months. Our ability to comply is subject to a more stable and robust freight environment and continued actions and cost savings initiatives we began in the fourth quarter of 2019 and continue today. These actions and initiatives include headcount reductions commensurate with our current volume levels, a hiring freeze on new and replacement positions, temporary elimination of short-term incentive compensation, and a reduction in discretionary spend.

We began taking these actions because of the freight recession our industry experienced in 2019, and that has persisted into early first quarter 2020, that negatively impacted our ability to fully realize operational efficiencies arising from our New NMFA with the International Brotherhood of Teamsters primarily due to the ensuing depressed volume levels and the inherent contractual cost increase associated with the New NMFA. Our ability to satisfy our liquidity needs and meet our minimum Adjusted EBITDA requirement during the next twelve months and thereafter is dependent upon our ability to improve operating performance over 2019 to offset the contractual wage and benefit increases under the New NMFA and other inflationary expense increases associated with among other things our employees and insurance programs.

We may extend and or supplement the actions we began taking in 2019 if we continue to experience adverse conditions such as lower volumes, pricing, yield or lower productivities among others, that might impact our forecasted performance. If we are unable to achieve the results required to comply with this covenant in one or more quarters over the next twelve months, we may be required to take specific actions in addition to those described above, including but not limited to, additional reductions in headcount and targeted procurement initiatives to reduce operating costs and, or alternatively, seek an amendment or waiver from our lenders. Obtaining a waiver or an amendment is not within our control, and if unsuccessful, the lenders may exercise the rights available to them under the New Term Loan.

$450 Million ABL Facility

On February 13, 2014, we entered into our $450 million ABL Facility from a syndicate of banks arranged by Citizens Bank N.A. (formerly known as RBS Citizens, N.A.) (the “ABL Agent”), Merrill Lynch, Pierce, Fenner & Smith and CIT Finance LLC. The ABL Facility was amended on June 28, 2016 to extend the maturity date to June 28, 2021. YRC Worldwide and our subsidiaries, YRC Freight, Reddaway, Holland and New Penn are borrowers under the ABL Facility, and certain of the Company’s domestic subsidiaries are guarantors thereunder.

Availability under the ABL Facility 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 outstanding letters of credit and revolving loans. Eligible borrowing base cash is cash that is deposited from time to time into a segregated restricted account and is included in “Restricted amounts held in escrow” in the accompanying consolidated balance sheet. The ABL Facility provides for a $100 million uncommitted accordion to increase the revolving commitment in the future. For the years ended December 31, 2019 and 2018, we had $337.8 million and $341.3 million of outstanding letters of credit, respectively, and no outstanding loans.

At our option, borrowings under the ABL Facility bear interest at either: (i) the applicable LIBOR rate plus 1.75%, as amended, or (ii) the base rate (as defined in the ABL Facility) plus 0.75%, as amended.

Letter of credit fees equal to the applicable LIBOR margin in effect, 1.75% as amended, are charged quarterly in arrears on the average daily stated amount of all letters of credit outstanding during the quarter. Unused line fees are charged quarterly in arrears (such unused line fee percentage is equal to 0.375% per annum if the average revolver usage is less than 50% or 0.25% per annum if the average revolver usage is greater than 50%.)

The ABL Facility is secured by a perfected first priority security interest (subject to permitted liens) in accounts receivable, cash, deposit accounts and other assets related to accounts receivable of the Company and the other loan parties and an additional second priority security interest (subject to permitted liens) in substantially all remaining assets of the borrowers and the guarantors other than the CDA Collateral.

The ABL Facility contains conditions, representations and warranties, events of default and indemnification provisions that are customary for financings of this type, including, but not limited to, a springing minimum fixed charge coverage ratio covenant, borrowing base reporting, limitations on incurrence of debt, investments, capital expenditures, liens on assets, certain sale and leaseback transactions, transactions with affiliates, mergers, consolidations, purchases and sales of assets, and restricted payments. Certain provisions relating to investments, restricted payments and capital expenditures are relaxed upon meeting specified payment conditions or debt repayment conditions.

Second Amended and Restated Contribution Deferral Agreement

Pursuant to the terms of the collective bargaining agreement with the IBT, the Company’s subsidiaries began making contributions to the Funds (defined below) for the month beginning June 1, 2011 at the rate of 25% of the contribution rate in effect on July 1, 2009. Certain of our subsidiaries are parties to the Amended and Restated Contribution Deferral Agreement (the “A&R CDA”) with certain multiemployer pension funds named therein (collectively, the “Funds”) pursuant to which we are permitted to continue to defer pension payments and deferred interest owed to such Funds as of July 22, 2011 (each, “Deferred Pension Payments” and “Deferred Interest”). The A&R CDA was last amended in January 2018 (herein referred to as the “Amended Second A&R CDA”). The Deferred Pension Payments and Deferred Interest bear interest at a floating rate as set forth in the Amended Second A&R CDA as well as annual scheduled amortization equal to 2.0% of the amount outstanding as of November 30 of each applicable year. The Amended Second A&R CDA further provides for first lien on certain security first priority real estate collateral and a maturity date of December 31, 2022 on the Deferred Pension Payments and Deferred Interest obligations.

Maturities

The principal maturities over the next five years and thereafter of total debt as of December 31, 2019 was as follows:

(in millions)	Term Loan		ABL Facility		Second A&R CDA		Lease Financing Obligations^(a)		Total
2020	$	—	$	—	$	1.4	$	2.5	$	3.9
2021		—		—		1.4		2.3		3.7
2022		—		—		68.4		3.2		71.6
2023		—		—		—		3.9		3.9
2024		600.0		—		—		1.9		601.9
Thereafter		—		—		—		217.8		217.8
Total	$	600.0	$	—	$	71.2	$	231.6	$	902.8

(a)	Lease financing obligations subsequent to 2024 of $217.8 million consist primarily of interest payments.

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:

	December 31, 2019				December 31, 2018
(in millions)	Book Value		Fair Value		Book Value		Fair Value
Prior Term Loan	$	—	$	—	$	559.4	$	546.0
New Term Loan		559.9		559.3		—		—
ABL Facility		—		—		—		—
Lease financing obligations		231.3		233.7		242.2		234.7
Second A&R CDA		71.0		71.7		73.3		70.0
Total debt	$	862.2	$	864.7	$	874.9	$	850.7

The fair values of the Term Loans and 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).

Liquidity

Our principal sources of liquidity are cash and cash equivalents, available borrowings under our ABL Facility and any prospective net cash flow from operations. As of December 31, 2019, our maximum availability under our ABL Facility was $37.7 million, and our managed accessibility is $0.2 million. Maximum availability 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 $337.8 million of outstanding letters of credit. Our Managed Accessibility of $0.2 million represents the maximum amount we would access on the ABL Facility and is adjusted for eligible receivables plus eligible borrowing base cash measured as of December 31, 2019. If eligible receivables fall below the threshold management uses to measure availability, which is 10% of the borrowing line, the Credit Agreement governing the ABL Facility permits adjustments from eligible borrowing base cash to restricted cash prior to the compliance measurement date of January 15, 2020. As of January 15, 2020, we had less than 10% of the borrowing line in eligible receivables and moved $29.0 million of cash into restricted cash, as permitted under the ABL Facility, which effectively put our cash and cash equivalents and Managed Accessibility to $80.4 million as of December 31, 2019.

As of December 31, 2018, our availability under our ABL Facility was $39.2 million. Of the $39.2 million in availability, Managed Accessibility was $1.2 million. Our cash and cash equivalents and Managed Accessibility was $203.8 million as of December 31, 2018.

The table below summarizes cash and cash equivalents and Managed Accessibility for the years ended December 31:

(in millions)	2019			2018
Cash and cash equivalents		109.2			227.6
Less: amounts placed into restricted cash subsequent to year-end		(29.0	)		(25.0	)
Managed Accessibility		0.2			1.2
Total cash and cash equivalents and Managed Accessibility	$	80.4		$	203.8

Outside of funding normal operations, our principal uses of cash include making contributions to our various multi-employer pension funds and single-employer pension plans, and meeting our other cash obligations, including, but not limited to, paying principal and interest on our funded debt, payments on equipment leases and funding capital expenditures.

Capital Expenditures/Operating Leases

Our capital expenditures for the years ended December 31, 2019 and 2018 were $143.2 million and $145.4 million, respectively. These amounts were principally used to fund the purchase of used tractors and trailers, refurbish engines for our revenue fleet, containers and for capitalized costs to improve our technology infrastructure.

For the year ended December 31, 2019, we entered into new operating lease commitments for revenue equipment totaling $111.0 million, with such payments to be made over the average lease term of 4 years with a capital equivalent of $131.8 million. As December 31, 2019, our operating lease obligations for 2020 are $154.4 million and our operating lease obligations through 2030 total $451.1 million and are expected to increase as we lease additional revenue equipment in future years.

Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

6. 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 number of leases in which we are a lessor. Operating leases are expensed on a straight-line basis over the life of the lease beginning on the lease commencement date. 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 and 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 duration and other factors 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	2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	386.0
Finance lease assets	Net property and equipment		2.6
Total leased assets		$	388.6
Liabilities
Current
Operating	Current operating lease liabilities	$	120.8
Finance	Other current and accrued liabilities		0.2
Noncurrent
Operating	Operating lease liabilities		246.3
Finance	Claims and other liabilities		3.3
Total lease liabilities		$	370.6

Lease Cost (in millions)	Classification	Year Ended December 31, 2019
Operating lease cost^(a)	Purchased transportation; Fuel, operating expenses and supplies	$	168.0
Short-term cost	Purchased transportation; Fuel, operating expenses and supplies	14.2
Variable lease cost	Purchased transportation; Fuel, operating expenses and supplies	5.9
Finance lease cost
Amortization of leased assets	Depreciation and amortization	0.4
Interest on lease liabilities	Interest expense	0.5
Total lease cost		$	189.0

(a)

Operating lease cost represent non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows.

Remaining Maturities of Lease Liabilities	Operating Leases		Finance Leases		Total
2020	$	154.4	$	0.6	$	155.0
2021		128.9		0.6		129.5
2022		77.8		0.6		78.4
2023		41.1		0.6		41.7
2024		16.3		0.7		17.0
After 2024		32.6		3.4		36.0
Total lease payments	$	451.1	$	6.5	$	457.6
Less: Interest		84.0		3.0		87.0
Present value of lease liabilities	$	367.1	$	3.5	$	370.6

Lease Term and Discount Rate

(years and percent)

Weighted-Average Remaining Lease Term

Weighted-Average Discount Rate

Operating leases

3.7

11.0%

Finance leases

9.8

11.3%

Other Information (in millions)	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	154.6
Operating cash flows from finance leases	0.5
Financing cash flows from finance leases	0.3
Leased assets obtained in exchange for new operating lease liabilities	$	129.7

Below is the Company’s contractual cash obligation 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

Equity-Based Compensation Plans

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity-Based Compensation Plans

7. Equity-Based Compensation Plans

We reserved 2.5 million shares for issuance to key management personnel and directors under the 2019 long-term incentive and equity award plan. As of December 31, 2019, 1.9 million shares remain available for future issuance under this plan. The plan permits the issuance of restricted stock and stock units, as well as options, stock appreciation rights, and performance stock and performance stock unit awards. Awards under the plan can be generally satisfied in cash or shares at the discretion of the Board of Directors. According to the plan provisions, the stock units provide the holders the right to receive one share of our Common Stock upon vesting (and distribution) of one stock unit. The plan requires the exercise price of any option granted may not be less than the fair market value of a share of our Common Stock on the date of grant.

Performance Based Awards

In 2019, the Company granted performance stock and performance stock unit awards to key management personnel and directors, respectively, under its 2011 and 2019 long-term incentive plans. In addition to meeting service conditions, these awards are to vest upon the attainment of a 30-day volume-weighted average share price equal to or greater than $11.75 of the Company’s common stock on or before December 31, 2020 (“Stock Price Goal”). For key management personnel, typically half of their awards will vest 100% on the achievement of the Stock Price Goal and the remaining shares will vest on the 12-month anniversary of the same date. In all cases, however, key management personnel must also continue to remain employed by the Company until shares vest to receive their performance stock awards.

In addition to meeting the Stock Price Goal, directors were required to serve on the Board until the earlier of the 2019 Annual Stockholders Meeting or June 30, 2019 (the “Board Service Requirement”). All directors who received performance stock unit awards met the Board Service Requirement. However, all but one of the current and former members of the Board of Directors who received these performance stock unit awards voluntarily forfeited their performance stock units in December 2019.

A summary of the 2019 performance-based unvested stock and performance-based unvested stock unit awards are presented in the following table:

	Shares/units (in thousands)			Weighted Average Grant-Date Fair Value
Unvested at December 31, 2018		—		$	—
Granted		2,927		$	2.59
Forfeited		(642	)	$	3.20
Unvested at December 31, 2019		2,285		$	2.42

The intrinsic value of unvested shares as of December 31, 2019 was $5.8 million. The Company records expense on a straight-line basis over the service period. For the year ended December 31, 2019, the Company recorded compensation expense for these stock awards of $2.6 million. Unrecognized compensation expense related to restricted stock awards of $2.9 million at December 31, 2019 is expected to be recognized over a weighted-average period of 0.4 years.

In 2015, the Company granted performance stock unit awards to employees under its 2015 long-term incentive plan. The awards provided a target number of stock units that vested equally over three years.

A summary of performance-based unvested stock unit activity is as follows:

	Units (in thousands)			Weighted Average Grant-Date Fair Value
Unvested at December 31, 2016		261		$	17.98
Vested		(141	)		17.90
Forfeited		(6	)		18.23
Unvested at December 31, 2017		114		$	18.06
Vested		(114	)		18.06
Forfeited		—			—
Unvested at December 31, 2018		—		$	—
Vested		—			—
Forfeited		—			—
Unvested at December 31, 2019		—		$	—

The Company expenses the grant date fair value of the awards earned in the performance period over the respective service periods. For the years ended December 31, 2018 and 2017, the Company recognized compensation expense of $0.1 million and $0.9 million, respectively. These awards were fully expensed by February 2018.

Restricted Stock

A summary of the activity of our unvested restricted stock and stock unit awards are presented in the following table:

	Shares/units (in thousands)			Weighted Average Grant-Date Fair Value
Unvested at December 31, 2016		1,175		$	11.30
Granted		496			12.43
Vested and distributed		(306	)		11.91
Forfeited		(58	)		12.28
Unvested at December 31, 2017		1,307		$	11.55
Granted		730			9.35
Vested and distributed		(457	)		10.91
Forfeited		(164	)		11.31
Unvested at December 31, 2018		1,416		$	10.65
Granted		437			5.39
Vested and distributed		(779	)		9.16
Forfeited		(81	)		10.74
Unvested at December 31, 2019		993		$	9.50

All of the members of the Board of Directors have deferred receipt of the Common Stock underlying some or all of the restricted stock units they have been awarded until a later date, such as when the director ceases to serve on the Board or, under certain circumstances, upon a change of control. Thus, while some of these restricted stock units have vested, the directors have not yet received the underlying Common Stock. For the years ended December 31, 2019, 2018, and 2017, the total number of restricted stock units that are vested but for which the underlying Common Stock has not been distributed was 500,000, 660,000, and 528,000, respectively; these shares are shown as unvested in the above table.

The intrinsic value of unvested shares as of December 31, 2019 was $2.5 million. The Company records expense on a straight-line basis over the vesting term. For the years ended December 31, 2019, 2018 and 2017, the Company recorded compensation expense for restricted stock awards of $3.6 million, $6.2 million, and $5.6 million, respectively. Unrecognized compensation expense related to restricted stock awards of $1.8 million at December 31, 2019 is expected to be recognized over a weighted-average period of 0.7 years.

The vesting provisions for the restricted stock and stock unit awards and the related number of shares granted during the year ended December 31 are as follows:

	Shares/units (in thousands)
Vesting Terms	2019		2018		2017
50% immediately and 50% on the 1 year anniversary of grant date		162		—		—
100% immediately		186		132		106
33.3% per year for three years		89		452		85
100% on February 14, 2020		—		—		305
100% on July 31, 2018		—		146		—
Total restricted stock and stock units granted		437		730		496

The fair value of non-vested shares is determined based on the closing trading price of our shares on the grant date. The fair value of shares vested and distributed during the years ended December 31, 2019, 2018 and 2017 was $7.1 million, $5.0 million, and $3.6 million, respectively.

The outstanding awards under our stock compensation plans are considered participating securities in our earnings per share calculation.

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

8. Income Taxes

We use the asset and liability method to reflect income taxes on our financial statements pursuant to ASC 740. We recognize deferred tax assets and liabilities by applying enacted tax rates to the differences between the carrying value of existing assets and liabilities and their respective tax basis and to loss carryforwards. Tax credit carryforwards are recorded as deferred tax assets. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that the change occurs. We assess the validity of deferred tax assets and loss and tax credit carryforwards and provide valuation allowances when we determine it is more likely than not that such assets, losses, or credits will not be realized. We have not recognized deferred taxes relative to foreign subsidiaries’ earnings that are deemed to be permanently reinvested. Any related taxes associated with such earnings are not material.

Deferred tax liabilities (assets) were comprised of the following at December 31:

(in millions)	2019			2018
Depreciation	$	99.5		$	109.0
Right of use - leases		93.7			—
Deferred revenue		6.3			9.3
Intangibles		3.4			6.0
State taxes		19.6			19.9
Other		16.0			15.2
Deferred tax liabilities		238.5			159.4
Claims and insurance		(89.9	)		(84.8	)
Net operating loss carryforwards		(210.7	)		(199.9	)
Employee benefit accruals		(94.8	)		(88.9	)
Sale/leaseback transactions		(55.5	)		(54.5	)
Lease liabilities		(93.8	)		—
Other		(28.4	)		(20.6	)
Deferred tax assets		(573.1	)		(448.7	)
Valuation allowance		334.0			291.1
Net deferred tax assets		(239.1	)		(157.6	)
Net deferred tax (asset) liability	$	(0.6	)	$	1.8

The net deferred tax (asset) liability of ($0.6) million and $1.8 million as of December 31, 2019 and 2018, respectively, is included as a separate line item in each of the accompanying balance sheets. Current income tax payable was $1.6 million and $5.8 million as of December 31, 2019 and 2018, respectively, and is included in “Other current and accrued liabilities” in the accompanying balance sheets.

As of December 31, 2019, the Company has remaining federal net operating loss carryforwards of approximately $756.5 million. Deemed ownership changes that occurred in July 2011, in July 2013 and in January 2014 imposed annual and cumulative limits under the Code on the utilization of these carryforwards. These limits are not expected to inhibit the Company’s ability to utilize these losses over their carry forward periods. Carryforwards of $690.0 million incurred prior to 2018 expire between 2030 and 2037. Pursuant to the Tax Act, net operating losses incurred after 2017 are available to be carried forward indefinitely. As of December 31, 2019, the Company has general business and other credit carryforwards of approximately $0.1 million. These credit carryforwards will likely not be utilized and will expire between 2027 and 2031 if not used.

As of December 31, 2019 and 2018, a valuation allowance of $334.0 million and $291.1 million has been established for deferred tax assets because, based on available sources of future taxable income, it is more likely than not that those assets will not be realized.

A reconciliation between income taxes at the federal statutory rate and the consolidated effective tax rate follows:

	2019			2018			2017
Federal statutory rate		21.0	%		21.0	%		35.0	%
State income taxes, net		(0.7	%)		14.1	%		(2.8	)%
Foreign tax rate differential		(2.6	%)		12.1	%		(10.0	)%
Permanent differences		(0.6	%)		8.3	%		(8.9	)%
Valuation allowance		(17.7	)%		(17.5	)%		(48.6	)%
Benefit from intraperiod tax allocation under ASC 740		—	%		—	%		73.5	%
Net change in unrecognized tax benefits		0.6	%		(0.9	)%		0.5	%
Other, net (primarily prior year return to provision)		4.0	%		(1.6	)%		1.6	%
Effective tax rate		4.0	%		35.5	%		40.3	%

The income tax provision (benefit) consisted of the following:

(in millions)	2019			2018			2017
Current:
Federal	$	—		$	—		$	(0.9	)
State		(3.3	)		5.4			0.8
Foreign		2.0			6.8			6.0
Current income tax expense (benefit)		(1.3	)		12.2			5.9

Deferred:
Federal		—			—			(13.3	)
State		—			—			—
Foreign		(3.0	)		(1.1	)		0.1
Deferred income tax benefit		(3.0	)		(1.1	)		(13.2	)

Income tax expense (benefit)		(4.3	)		11.1			(7.3	)

Based on the income (loss) before income taxes:
Domestic		(104.7	)		13.6			(30.5	)
Foreign		(3.6	)		17.7			12.4
Income (Loss) before income taxes	$	(108.3	)	$	31.3		$	(18.1	)

The Company applies the intraperiod tax allocation rules of ASC 740 to allocate income taxes among continuing operations, other comprehensive income (loss), and additional paid-in capital when our situation meets the criteria as prescribed in the rule. During 2017, the Company recognized $13.3 million of deferred benefit in the statement of consolidated operations and an equal and offsetting deferred tax expense in other comprehensive income (loss) included in the statement of consolidated comprehensive income (loss) due to the application of the exception within the intraperiod tax allocation rules. There was no domestic deferred benefit recognized in 2019 or 2018, as the exception did not apply. This allocation has no effect on total tax provision or total valuation allowance.

Uncertain Tax Positions

A rollforward of the total amount of unrecognized tax benefits for the years ended December 31 is as follows:

(in millions)	2019			2018
Unrecognized tax benefits at January 1	$	59.2		$	56.8

Increases related to:
Tax positions taken during a prior period		—			7.1
Tax positions taken during the current period		0.5			0.4

Decreases related to:
Tax positions taken during a prior period		(0.1	)		(0.1	)
Lapse of applicable statute of limitations		(1.1	)		(4.8	)
Settlements with taxing authorities		—			(0.2	)

Unrecognized tax benefits at December 31	$	58.5		$	59.2

At December 31, 2019 and 2018, there are $9.8 million and $10.5 million of benefits that, if recognized, would affect the effective tax rate. We accrued interest of $0.9 million and $0.8 million for each of the years ended December 31, 2019 and 2018, respectively, and reversed $1.0 million and $0.3 million of previously accrued interest on uncertain tax positions during the years ended December 31, 2019 and 2018 for a net decrease of ($0.1) million for 2019 and a net increase $0.5 million for 2018, respectively. The reversals related primarily to statute expirations and other favorable resolution of prior uncertain positions. The total amount of interest accrued for uncertain tax positions is $2.7 million and $2.8 million as of December 31, 2019 and 2018. During the year ended December 31, 2019, we paid no amounts to settle audits. During the year ended December 31, 2018, we paid inconsequential amounts of tax and interest to settle state audits of tax years 2010 through 2014 for certain of our subsidiaries, and we reduced our previously recorded liability for unrecognized tax benefits accordingly. We have not accrued any penalties relative to uncertain tax positions. We have elected to treat interest and penalties on uncertain tax positions as “Interest expense” and “Other operating expenses”, respectively.

It is reasonably possible that the existing unrecognized tax benefits may decrease over the next twelve months by as much as $7.3 million as a result of developments in examinations, or from the expiration of statutes of limitation.

Tax years that remain subject to examination for our major tax jurisdictions as of December 31, 2019:

Statute remains open		2005-2018
Tax years currently under examination/exam completed		2005-2013
Tax years not examined		2014-2019

Business Segments

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Business Segments

9. Business Segments

We report financial and descriptive information about our reportable operating segments on a basis consistent with that used internally for evaluating segment performance and allocating resources to segments. We evaluate performance primarily on operating income.

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, finance and accounting, legal, revenue management, risk management, procurement, and security. 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 excluded from Adjusted EBITDA. Corporate identifiable assets primarily consist of cash and cash equivalents, restricted amounts held in escrow, information technology assets, and deferred debt issuance costs. Intersegment revenue relates to transportation services between our segments.

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.

As noted in Management’s Discussion and Analysis of Financial Condition and Results of Operations, we will be moving to a single segment in 2020 and will make further analysis on revenue disaggregation at that time.

Revenue from foreign sources totaled $79.6 million, $104.1 million, and $99.3 million for the years ended December 31, 2019, 2018, and 2017, respectively, and is mainly derived from Canada and, to a lesser extent, Mexico. Long-lived assets located in foreign countries totaled $7.2 million, $6.5 million and $5.3 million at December 31, 2019, 2018, and 2017, respectively.

The following table summarizes our operations by business segment:

(in millions)	YRC Freight			Regional Transportation			Corporate/ Eliminations			Consolidated
2019
External revenue	$	3,088.7		$	1,782.7		$	(0.2	)	$	4,871.2
Operating income (loss)		38.3			(4.8	)		(17.3	)		16.2
Identifiable assets		1,317.0			746.6			(232.0	)		1,831.6
Acquisition of property and equipment		(89.6	)		(45.5	)		(8.1	)		(143.2	)
Proceeds from disposal of property and equipment		14.1			11.8			—			25.9
Depreciation and amortization		86.5			64.6			1.3			152.4
2018
External revenue	$	3,197.3		$	1,895.0		$	(0.3	)	$	5,092.0
Operating income (loss)		85.0			70.7			(12.8	)		142.9
Identifiable assets		973.6			626.4			17.1			1,617.1
Acquisition of property and equipment		(76.5	)		(62.9	)		(6.0	)		(145.4	)
Proceeds from disposal of property and equipment		35.8			0.6			—			36.4
Depreciation and amortization		82.2			65.0			0.5			147.7
2017
External revenue	$	3,067.9		$	1,823.4		$	(0.3	)	$	4,891.0
Operating income (loss)		60.7			67.9			(9.6	)		119.0
Identifiable assets		1,042.1			607.4			(64.0	)		1,585.5
Acquisition of property and equipment		(66.6	)		(36.6	)		(0.1	)		(103.3	)
Proceeds from disposal of property and equipment		8.1			0.7			—			8.8
Depreciation and amortization		84.8			62.9			—			147.7

Shareholders' Deficit

12 Months Ended

Dec. 31, 2019

Stockholders Equity Note [Abstract]

Shareholders' Deficit

10. Shareholders’ Deficit

The following reflects the activity in the shares of our common stock for the years ended December 31:

Common Shares (in thousands)	2019		2018		2017
Beginning balance		33,090		32,733		32,473
Issuance of equity awards, net		625		357		260
Ending balance		33,715		33,090		32,733

The Company issued to the IBT one share of Series A Voting Preferred Stock that entitles the holder to elect two directors to the Company’s Board of Directors.

Our Term Loan agreement in place as of December 31, 2019, restricts the ability of YRC Worldwide to declare dividends on its outstanding capital stock.

Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

11. Earnings (Loss) Per Share

We calculate basic earnings (loss) per share by dividing our net earnings (loss) available to common shareholders by our weighted-average shares outstanding at the end of the period. The calculation for diluted earnings (loss) 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 years ended December 31, 2019, 2018, and 2017 are as follows:

(dollars in millions, except per share data, shares and stock units in thousands)	2019			2018		2017
Basic and dilutive net income (loss)	$	(104.0	)	$	20.2	$	(10.8	)

Basic weighted average shares outstanding		33,252			32,983		32,685
Effect of dilutive securities:
Unvested shares and stocks units^(a)		—			876		—
Dilutive weighted average shares outstanding		33,252			33,859		32,685

Basic earnings (loss) per share^(b)	$	(3.13	)	$	0.61	$	(0.33	)
Diluted earnings (loss) per share^(b)	$	(3.13	)	$	0.60	$	(0.33	)

(a)

Includes unvested shares of Common Stock, unvested stock units, and vested stock units for which the underlying Common Stock has not been distributed.

(b)

Earnings (loss) per share is based on unrounded figures and not the rounded figures presented.

Given our net loss position for the year ended December 31, 2019 and 2017, there are no dilutive securities for this period.

Our anti-dilutive securities for the years ended December 31 are as follows:

(shares in thousands)		2019				2018				2017
Anti-dilutive unvested shares and options			610				51				8

Commitments, Contingencies, And Uncertainties

12 Months Ended

Dec. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments, Contingencies, and Uncertainties

12. Commitments, Contingencies, and Uncertainties

Department of Defense Complaints

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. The Company has moved to dismiss the case, and the court heard oral arguments on the motion on August 12, 2019. Management believes the Company has meritorious defenses and intends to vigorously defend this action. We are unable to estimate the possible loss, or range of possible loss, associated with these claims.

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. The co-lead plaintiffs filed an amended complaint on June 14, 2019, and the defendants moved to dismiss it on July 15, 2019. The motion is fully briefed and awaiting decision. Management believes the Company has meritorious defenses and intends to vigorously defend this action. We are unable to estimate the possible loss, or range of possible loss, associated with these claims.

Shareholder Derivative Complaints

In May 2019, a putative shareholder filed an action derivatively and on behalf of the Company naming James L. Welch, Jamie G. Pierson, Stephanie D. Fisher, Raymond J. Bromark, Douglas A. Carty, William R. Davidson, Matthew A. Doheny, Robert L. Friedman, James E. Hoffman, Michael J. Kneeland, Patricia M. Nazemetz, and James F. Winestock individually as defendants and the Company as the nominal defendant. In an amended complaint, filed on October 15, 2019, Darren D. Hawkins was added as a defendant. The case is captioned Hastey v. Welch, et al., Case No. 2:19-cf-2266-KGG, and is pending in the United States District Court for the District of Kansas. The Complaint alleges that the Company was exposed to harm by the individual defendants’ purported conduct concerning its freight-billing practices as alleged in the Department of Defense Complaint and the Class Action Securities Complaint described above. The Complaint asserts that the individual defendants’ purported conduct violated Section 14(a) of the Securities Exchange Act of 1934 and that they breached their fiduciary duties, were unjustly enriched, and engaged in corporate waste. Motions to dismiss were filed on August 16, 2019 and, in response, Plaintiff filed the October 15, 2019 amended complaint. A motion to dismiss the amended complaint was filed on October 29, 2019. Briefing on the motion was completed in early February 2020. Motions to intervene in the action were filed by putative shareholder Ameesh Bhandari on March 4, 2020, and by putative shareholders Shawn Miller and Jeremy Baldwin on March 6, 2020. The Complaint seeks damages on behalf of the Company.

In October 2019, another putative shareholder filed an action derivatively and on behalf of the Company in the United States District Court for the District of Delaware naming the same defendants as did the October 15, 2019 amended complaint in the Hastey case. The case is captioned Broughton v. Hawkins, et al. Case No. 1:19-cv-01958-UNA, and makes claims similar to those made in Hastey. After a motion to dismiss the Broughton Complaint was filed on December 20, 2019, Plaintiff filed an unopposed motion for voluntary dismissal of her Complaint without prejudice on February 19, 2020. Plaintiff’s motion is pending Court approval.

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.

Related Party Transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions

13. Related Party Transactions

On June 11, 2018, the Company entered into an agreement with James L. Welch, who was then serving as Chief Executive Officer and as a member of the Board, for him to provide consulting services to the Company as part of its succession plan for the Chief Executive Officer role. The consulting agreement became effective on August 1, 2018, immediately following Mr. Welch’s July 31, 2018 retirement, and terminated on July 31, 2019. Mr. Welch was paid $150,000 per annum as an independent contractor for his services, receiving $87,500 for consulting services performed during 2019 and $62,500 for consulting services performed in 2018.

Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

On February 14, 2020, we closed on a real estate sale of a Regional Transportation facility. The sale generated $43.6 million in net cash proceeds, of which we retained $25.2 million. We have now received all $40.0 million in real estate proceeds that are not subject to mandatory prepayment under the New Term Loan. Our first quarter operating income results will reflect a $38.8 million property gain.

Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation

Use of Estimates

Cash and Cash Equivalents

Concentration of Credit Risks and Other

Revenue Recognition and Revenue-related Reserves

Beginning January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers using a modified retrospective approach. There was no cumulative effect adjustment recorded.

Revenue Disaggregation

YRC Freight segment (in millions)	2019		2018
LTL revenue	$	2,841.0	$	2,948.1
Other revenue		247.7		249.2
Total revenue		3,088.7		3,197.3

Regional Transportation segment (in millions)	2019		2018
LTL revenue	$	1,653.0	$	1,742.5
Other revenue		129.7		152.5
Total revenue		1,782.7		1,895.0

Consolidated (in millions)	2019		2018
LTL revenue	$	4,494.0	$	4,690.6
Other revenue		377.2		401.4
Total revenue		4,871.2		5,092.0

Self-Insurance Accruals for Claims

Expected aggregate undiscounted amounts and material changes to these amounts related to workers’ compensation and property damage and liability claims as of December 31 are presented below:

(in millions)	Workers’ Compensation			Third-Party Liability Claims			Total
Undiscounted amount at December 31, 2017	$	299.3		$	70.5		$	369.8
Estimated settlement cost for 2018 claims		95.9			40.0			135.9
Claim payments, net of recoveries		(92.4	)		(36.2	)		(128.6	)
Change in estimated settlement cost for prior claim years		(15.0	)		(0.7	)		(15.7	)
Undiscounted settlement cost estimate at December 31, 2018	$	287.8		$	73.6		$	361.4
Estimated settlement cost for 2019 claims		103.3			35.2			138.5
Claim payments, net of recoveries		(95.9	)		(36.1	)		(132.0	)
Change in estimated settlement cost for prior claim years		(9.6	)		1.1			(8.5	)
Undiscounted settlement cost estimate at December 31, 2019	$	285.6		$	73.8		$	359.4
Discounted settlement cost estimate at December 31, 2019	$	262.2		$	73.4		$	335.6

Estimated cash payments to settle claims which were incurred on or before December 31, 2019, for the next five years and thereafter are as follows:

(in millions)	Workers’ Compensation		Third-Party Liability Claims		Total
2020	$	78.3	$	33.5	$	111.8
2021		50.1		17.9		68.0
2022		33.3		11.4		44.7
2023		22.0		5.8		27.8
2024		16.4		2.6		19.0
Thereafter		85.5		2.6		88.1
Total	$	285.6	$	73.8	$	359.4

Equity-Based Compensation

Property and Equipment

The following is a summary of the components of our property and equipment at cost as of December 31:

(in millions)	2019		2018
Land	$	239.9	$	243.7
Structures		788.4		791.3
Revenue equipment		1,228.2		1,257.4
Technology equipment and software		291.7		259.7
Other^(a)		213.4		213.8
Total property and equipment, at cost	$	2,761.6	$	2,765.9

(a)

Other consists of miscellaneous equipment used in field operations.

We carry property and equipment at cost less accumulated depreciation. We compute depreciation using the straight-line method based on the following service lives:

		Years
Structures		10 - 30
Revenue equipment		10 - 20
Technology equipment and software		3 - 7
Other		3 - 10

For the years ended December 31, 2019, 2018 and 2017, depreciation expense was $150.5 million, $145.9 million and $147.7 million, respectively.

Fair Value of Financial Instruments

The fair value of our long-term debt is included in the “Debt and Financing” footnote to the consolidated financial statements.

Newly Adopted Accounting Standards and Impact of Recently Issued Accounting Standards

Newly-Adopted Accounting Standards

The new standard did not impact the calculation of our financial covenants defined under the terms of our credit agreements.

See the “Leases” footnote to the consolidated financial statements for additional information.

Impact of Recently-Issued Accounting Standards

Accounting Policies (Tables)

12 Months Ended

Dec. 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 impacts from shipments over 10,000 pounds.

YRC Freight segment (in millions)	2019		2018
LTL revenue	$	2,841.0	$	2,948.1
Other revenue		247.7		249.2
Total revenue		3,088.7		3,197.3

Regional Transportation segment (in millions)	2019		2018
LTL revenue	$	1,653.0	$	1,742.5
Other revenue		129.7		152.5
Total revenue		1,782.7		1,895.0

Consolidated (in millions)	2019		2018
LTL revenue	$	4,494.0	$	4,690.6
Other revenue		377.2		401.4
Total revenue		4,871.2		5,092.0

Schedule of Undiscounted Amounts and Material Changes in Insurance Claims

Expected aggregate undiscounted amounts and material changes to these amounts related to workers’ compensation and property damage and liability claims as of December 31 are presented below:

(in millions)	Workers’ Compensation			Third-Party Liability Claims			Total
Undiscounted amount at December 31, 2017	$	299.3		$	70.5		$	369.8
Estimated settlement cost for 2018 claims		95.9			40.0			135.9
Claim payments, net of recoveries		(92.4	)		(36.2	)		(128.6	)
Change in estimated settlement cost for prior claim years		(15.0	)		(0.7	)		(15.7	)
Undiscounted settlement cost estimate at December 31, 2018	$	287.8		$	73.6		$	361.4
Estimated settlement cost for 2019 claims		103.3			35.2			138.5
Claim payments, net of recoveries		(95.9	)		(36.1	)		(132.0	)
Change in estimated settlement cost for prior claim years		(9.6	)		1.1			(8.5	)
Undiscounted settlement cost estimate at December 31, 2019	$	285.6		$	73.8		$	359.4
Discounted settlement cost estimate at December 31, 2019	$	262.2		$	73.4		$	335.6

Schedule of Estimated Cash Payments to Settle Claims

Estimated cash payments to settle claims which were incurred on or before December 31, 2019, for the next five years and thereafter are as follows:

(in millions)	Workers’ Compensation		Third-Party Liability Claims		Total
2020	$	78.3	$	33.5	$	111.8
2021		50.1		17.9		68.0
2022		33.3		11.4		44.7
2023		22.0		5.8		27.8
2024		16.4		2.6		19.0
Thereafter		85.5		2.6		88.1
Total	$	285.6	$	73.8	$	359.4

Summary of Components of Property and Equipment

The following is a summary of the components of our property and equipment at cost as of December 31:

(in millions)	2019		2018
Land	$	239.9	$	243.7
Structures		788.4		791.3
Revenue equipment		1,228.2		1,257.4
Technology equipment and software		291.7		259.7
Other^(a)		213.4		213.8
Total property and equipment, at cost	$	2,761.6	$	2,765.9

(a)

Other consists of miscellaneous equipment used in field operations.

Schedule of Service Lives for Property and Equipment

We carry property and equipment at cost less accumulated depreciation. We compute depreciation using the straight-line method based on the following service lives:

		Years
Structures		10 - 30
Revenue equipment		10 - 20
Technology equipment and software		3 - 7
Other		3 - 10

Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Schedule of Primary Components of Other Assets

The primary components of Other assets at December 31 are as follows:

(in millions)	2019		2018
Intangible assets	$	15.0	$	25.2
Prepayments^(a)		1.4		18.0
Other^(b)		40.1		21.2
Total	$	56.5	$	64.4

(a)

Prepayments for 2018 primarily consist of prepaid costs for revenue equipment leases, which were reclassed in 2019 after the adoption of ASU 2016-02, Leases.

(b)

Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Reconciliation of the Beginning and Ending Balances of Projected Benefit Obligation and Fair Value of Plan Assets

(in millions)	2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,073.2		$	1,228.4
Interest cost		45.7			44.1
Benefits paid		(96.7	)		(110.4	)
Actuarial (gain) loss		106.5			(88.5	)
Other		0.1			(0.4	)
Benefit obligation at year end	$	1,128.8		$	1,073.2
Change in plan assets:
Fair value of plan assets at prior year end	$	874.9		$	998.3
Actual return on plan assets		112.1			(27.8	)
Employer contributions		9.7			15.2
Benefits paid		(96.7	)		(110.4	)
Other		—			(0.4	)
Fair value of plan assets at year end	$	900.0		$	874.9
Funded status at year end	$	(228.8	)	$	(198.3	)

Amounts Recognized for Pension Benefits

Amounts recognized in the consolidated balance sheets for pension benefits at December 31 are as follows:

(in millions)	2019		2018
Noncurrent assets	$	6.1	$	2.7
Current liabilities		1.0		0.8
Noncurrent liabilities		233.9		200.2

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss at December 31 consist of:

(in millions)	2019			2018
Net actuarial loss	$	406.1		$	368.9
Net prior service credit		(9.8	)		(10.3	)
Total	$	396.3		$	358.6

Information for Pension Plans with ABO in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation (“ABO”) in excess of plan assets and plan assets that exceed ABO at December 31, 2019 and 2018 is as follows:

	At December 31, 2019
(in millions)	ABO Exceeds Assets		Assets Exceed ABO		Total
Projected benefit obligation	$	960.9	$	167.9	$	1,128.8
Accumulated benefit obligation		960.9		167.9		1,128.8
Fair value of plan assets		726.0		174.0		900.0

	At December 31, 2018
(in millions)	ABO Exceeds Assets		Assets Exceed ABO		Total
Projected benefit obligation	$	927.6	$	145.6	$	1,073.2
Accumulated benefit obligation		927.6		145.6		1,073.2
Fair value of plan assets		726.6		148.3		874.9

Schedule of Assumptions Used

Weighted average actuarial assumptions used to determine benefit obligations at December 31:

		2019				2018
Discount rate			3.56	%			4.44	%

Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:

	2019			2018			2017
Discount rate		4.44	%		3.77	%		4.27	%
Expected rate of return on assets		7.0	%		7.0	%		7.0	%
Mortality table^(a)	Pri-2012 (MP-2019 Scale, Custom)			RP-2014 (MP-2016 Scale, Custom)			RP-2014 (MP-2016 Scale, Custom)

(a)	The 2019, 2018 and 2017 mortality tables were based on a custom mortality improvement scale to reflect expectations of underlying plan participants.

Schedule of Asset Allocation and Targeted Long Term Asset Allocation

Our asset allocation as of December 31, 2019 and 2018, and targeted long-term asset allocation for the plans are as follows:

	2019			2018			Target
Equities		33.0	%		39.0	%		38.0	%
Debt Securities		30.0	%		24.0	%		30.0	%
Absolute Return		37.0	%		37.0	%		32.0	%

Schedule of Expected Benefit Payments

(in millions)		2020				2021				2022				2023				2024				2025-2029
Expected benefit payments		$	89.4			$	85.8			$	84.3			$	80.6			$	80.1			$	370.1

Schedule of Costs of Retirement Plans

(in millions)	2019			2018			2017
Net periodic benefit cost:
Service cost	$	—		$	—		$	5.4
Interest cost		45.7			44.1			51.1
Expected return on plan assets		(57.3	)		(60.0	)		(59.3	)
Amortization of prior net losses		12.8			14.6			15.5
Amortization of prior net service credit		(0.4	)		(0.4	)		—
Settlement adjustment		1.8			10.9			7.6
Net periodic pension cost	$	2.6		$	9.2		$	20.3
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net actuarial gains (losses) and other adjustments	$	51.9		$	(0.9	)	$	(43.7	)
Net prior service credit		—			—			(10.7	)
Settlement adjustment		(1.8	)		(10.9	)		(7.6	)
Amortization of prior net losses		(12.8	)		(14.6	)		(15.5	)
Amortization of prior net service credit		0.4			0.4			—
Total recognized in other comprehensive loss (income)		37.7			(26.0	)		(77.5	)
Total recognized in net periodic benefit cost and other comprehensive loss (income)	$	40.3		$	(16.8	)	$	(57.2	)

Pension Assets at Fair Value

The tables below detail by level, within the fair value hierarchy, the pension assets at fair value as of December 31, 2019 and December 31, 2018:

	Pension Assets at Fair Value as of December 31, 2019
(in millions)	Total		Level 1		Level 2		Level 3
Equities	$	67.0	$	66.6	$	0.4	$	—
Private equities		36.4		—		—		36.4
Fixed income:
Corporate and other		29.0		2.2		18.4		8.4
Government		204.2		53.3		150.9		—
Interest bearing		27.2		15.0		12.2		—
Investments measured at NAV^(a)		536.2
Total plan assets	$	900.0	$	137.1	$	181.9	$	44.8

	Pension Assets at Fair Value as of December 31, 2018
(in millions)	Total		Level 1			Level 2		Level 3
Equities	$	67.7	$	65.5		$	2.2	$	—
Private equities		43.4		—			—		43.4
Fixed income:
Corporate and other		24.8		7.7			16.2		0.9
Government		177.1		67.2			109.9		—
Interest bearing		25.1		(10.5	)		35.6		—
Investments measured at NAV^(a)		536.8
Total plan assets	$	874.9	$	129.9		$	163.9	$	44.3

(a)	Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.

Assets Measured at Fair Value on a Recurring Basis (Level 3)

The table below presents the activity of our assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

(in millions)	Private Equities			Fixed income			Total Level 3
Balance at December 31, 2017	$	46.6		$	6.0		$	52.6
Purchases		—			0.6			0.6
Sales		(0.3	)		—			(0.3	)
Unrealized losses		(2.9	)		(5.7	)		(8.6	)
Balance at December 31, 2018	$	43.4		$	0.9		$	44.3
Purchases		—			8.1			8.1
Sales		(16.7	)		(0.8	)		(17.5	)
Realized gains		1.9			—			1.9
Unrealized gains		7.8			0.2			8.0
Balance at December 31, 2019	$	36.4		$	8.4		$	44.8

Level 3 Assets Using NAV

The following table sets forth a summary of the assets for which a reported NAV is used to estimate the fair value as of December 31, 2019:

	Fair value estimated using Net Asset Value per Share
(in millions)	Fair Value		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Private equities^(a)	$	127.0	$	1.7	Redemptions not permitted
Fixed income^(b)		231.4		4.1	Redemptions not permitted
Equities^(c)		81.9		—	Daily, Monthly	0-30 days
Absolute return^(d)		95.9		—	Monthly, Quarterly	3-75 days
Total	$	536.2

(a)	Consists of private equity investments in pharmaceuticals and companies primarily in the technology and healthcare sectors.

(b)	Primarily consists of investments in royalty payments from marketers of pharmaceuticals and related debt securities.

(c)	Consists of public equity investments in U.S. and non-U.S. markets.

(d)	Consists of investments in global markets, including derivative securities of equity and fixed income indexes, commodities and interest rates.

The following table sets forth a summary of the assets for which a reported NAV is used to estimate the fair value as of December 31, 2018:

	Fair value estimated using Net Asset Value per Share
(in millions)	Fair Value		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Private equities^(a)	$	155.2	$	2.8	Redemptions not permitted
Fixed income^(b)		189.2		0.5	Redemptions not permitted
Equities^(c)		84.0		—	Monthly	3-30 days
Absolute return^(d)		108.4		—	Monthly, Quarterly	2-45 days
Total	$	536.8

(a)	Consists of private equity investments in pharmaceuticals and companies primarily in the technology and healthcare sectors.

(b)	Primarily consists of investments in royalty payments from marketers of pharmaceuticals and related debt securities.

(c)	Consists of public equity investments in U.S. and non-U.S. markets.

(d)	Consists of investments in global markets, including derivative securities of equity and fixed income indexes, commodities and interest rates.

Schedule of Multiemployer Plans

We expensed the following amounts related to these plans for the years ended December 31:

(in millions)	2019		2018		2017
Health and welfare	$	503.5	$	499.3	$	482.6
Pension		127.6		115.5		98.1
Total	$	631.1	$	614.8	$	580.7

The following table provides additional information related to our participation in individually significant multi-employer pension plans for the year ended December 31, 2019:

Expiration Date

Funding

of Collective-

Pension Protection Zone Status^(b)

Improvement or

Employer

Bargaining

Pension Fund^(a)

EIN Number

2019

2018

Rehabilitation Plan

Surcharge Imposed

Agreement

Central States, Southeast and Southwest Areas Pension Fund

36-6044243

Critical and

Declining

Critical and

Declining

Yes

3/31/2024

Teamsters National 401(k) Savings Plan^(c)

52-1967784

N/A

3/31/2024

Road Carriers Local 707 Pension Fund

51-6106510

Critical and

Declining

Critical and

Declining

Yes

3/31/2024

Teamsters Local 641 Pension Fund

22-6220288

Critical and

Declining

Critical and

Declining

Yes

3/31/2024

(a)

(b)

(c)

Pension Amounts Contributed by Fund

The following table provides the pension amounts contributed by fund for those funds that are considered to be individually significant:

(in millions)	2019		2018		2017
Central States, Southeast and Southwest Areas Pension Plan	$	77.7	$	70.7	$	58.8
Teamsters National 401(k) Savings Plan		19.0		14.7		13.1
Road Carriers Local 707 Pension Fund		2.5		2.2		2.2
Teamsters Local 641 Pension Fund		2.1		1.8		1.5

Debt and Financing (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

Our outstanding debt as of December 31, 2019 and December 31, 2018 consisted of the following:

As of December 31, 2019 (in millions)	Par Value			Discount			Debt Issuance Costs			Book Value				Effective Interest Rate
New Term Loan	$	600.0		$	(28.1	)	$	(12.0	)	$	559.9		^(a)		10.5	%
ABL Facility		—			—			—			—
Secured Second A&R CDA		26.0			—			(0.1	)		25.9				7.9	%
Unsecured Second A&R CDA		45.2			—			(0.1	)		45.1				7.9	%
Lease financing obligations		231.6			—			(0.3	)		231.3				16.5	%
Total debt	$	902.8		$	(28.1	)	$	(12.5	)	$	862.2
Current maturities of Unsecured Second A&R CDA		(1.4	)		—			—			(1.4	)
Current maturities of lease financing obligations		(2.7	)		—			—			(2.7	)
Long-term debt	$	898.7		$	(28.1	)	$	(12.5	)	$	858.1

As of December 31, 2018 (in millions)	Par Value			Discount			Debt Issuance Costs			Book Value				Effective Interest Rate
Prior Term Loan	$	573.7		$	(7.8	)	$	(6.5	)	$	559.4		^(b)		11.4	%
ABL Facility		—			—			—			—
Secured Second A&R CDA		26.9			—			(0.1	)		26.8				7.9	%
Unsecured Second A&R CDA		46.7			—			(0.2	)		46.5				7.9	%
Lease financing obligations		242.7			—			(0.5	)		242.2				14.9	%
Total debt	$	890.0		$	(7.8	)	$	(7.3	)	$	874.9
Current maturities of Term Loan		(14.2	)		—			—			(14.2	)
Current maturities of Unsecured Second A&R CDA		(1.5	)		—			—			(1.5	)
Current maturities of lease financing obligations		(5.0	)		—			—			(5.0	)
Long-term debt	$	869.3		$	(7.8	)	$	(7.3	)	$	854.2

(a)	As of December 31, 2019, the stated interest rate represented a variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% plus a fixed margin of 7.50%.

(b)	As of December 31, 2018, the stated interest rate represented 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 Maturities of Long-term Debt

The principal maturities over the next five years and thereafter of total debt as of December 31, 2019 was as follows:

(in millions)	Term Loan		ABL Facility		Second A&R CDA		Lease Financing Obligations^(a)		Total
2020	$	—	$	—	$	1.4	$	2.5	$	3.9
2021		—		—		1.4		2.3		3.7
2022		—		—		68.4		3.2		71.6
2023		—		—		—		3.9		3.9
2024		600.0		—		—		1.9		601.9
Thereafter		—		—		—		217.8		217.8
Total	$	600.0	$	—	$	71.2	$	231.6	$	902.8

(a)	Lease financing obligations subsequent to 2024 of $217.8 million consist primarily of interest payments.

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:

	December 31, 2019				December 31, 2018
(in millions)	Book Value		Fair Value		Book Value		Fair Value
Prior Term Loan	$	—	$	—	$	559.4	$	546.0
New Term Loan		559.9		559.3		—		—
ABL Facility		—		—		—		—
Lease financing obligations		231.3		233.7		242.2		234.7
Second A&R CDA		71.0		71.7		73.3		70.0
Total debt	$	862.2	$	864.7	$	874.9	$	850.7

Schedule of Cash and Cash Equivalents and Managed Accessibility

The table below summarizes cash and cash equivalents and Managed Accessibility for the years ended December 31:

(in millions)	2019			2018
Cash and cash equivalents		109.2			227.6
Less: amounts placed into restricted cash subsequent to year-end		(29.0	)		(25.0	)
Managed Accessibility		0.2			1.2
Total cash and cash equivalents and Managed Accessibility	$	80.4		$	203.8

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Assets and Liabilities

Leases (in millions)	Classification	2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	386.0
Finance lease assets	Net property and equipment		2.6
Total leased assets		$	388.6
Liabilities
Current
Operating	Current operating lease liabilities	$	120.8
Finance	Other current and accrued liabilities		0.2
Noncurrent
Operating	Operating lease liabilities		246.3
Finance	Claims and other liabilities		3.3
Total lease liabilities		$	370.6

Summary of Lease Cost

Lease Cost (in millions)	Classification	Year Ended December 31, 2019
Operating lease cost^(a)	Purchased transportation; Fuel, operating expenses and supplies	$	168.0
Short-term cost	Purchased transportation; Fuel, operating expenses and supplies	14.2
Variable lease cost	Purchased transportation; Fuel, operating expenses and supplies	5.9
Finance lease cost
Amortization of leased assets	Depreciation and amortization	0.4
Interest on lease liabilities	Interest expense	0.5
Total lease cost		$	189.0

(a)

Operating lease cost represent non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows.

Summary of Remaining Maturities of Lease Liabilities

Remaining Maturities of Lease Liabilities	Operating Leases		Finance Leases		Total
2020	$	154.4	$	0.6	$	155.0
2021		128.9		0.6		129.5
2022		77.8		0.6		78.4
2023		41.1		0.6		41.7
2024		16.3		0.7		17.0
After 2024		32.6		3.4		36.0
Total lease payments	$	451.1	$	6.5	$	457.6
Less: Interest		84.0		3.0		87.0
Present value of lease liabilities	$	367.1	$	3.5	$	370.6

Summary of Lease Term and Discount Rate

Lease Term and Discount Rate

(years and percent)

Weighted-Average Remaining Lease Term

Weighted-Average Discount Rate

Operating leases

3.7

11.0%

Finance leases

9.8

11.3%

Summary of Supplemental Cash Flow Information

Other Information (in millions)	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	154.6
Operating cash flows from finance leases	0.5
Financing cash flows from finance leases	0.3
Leased assets obtained in exchange for new operating lease liabilities	$	129.7

Summary of Contractual Cash Obligation

	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

Equity-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Performance-Based Unvested Stock Unit and Performance-Based Unvested Stock Unit

A summary of the 2019 performance-based unvested stock and performance-based unvested stock unit awards are presented in the following table:

	Shares/units (in thousands)			Weighted Average Grant-Date Fair Value
Unvested at December 31, 2018		—		$	—
Granted		2,927		$	2.59
Forfeited		(642	)	$	3.20
Unvested at December 31, 2019		2,285		$	2.42

Summary of Performance-Based Unvested Stock Unit Activity

A summary of performance-based unvested stock unit activity is as follows:

	Units (in thousands)			Weighted Average Grant-Date Fair Value
Unvested at December 31, 2016		261		$	17.98
Vested		(141	)		17.90
Forfeited		(6	)		18.23
Unvested at December 31, 2017		114		$	18.06
Vested		(114	)		18.06
Forfeited		—			—
Unvested at December 31, 2018		—		$	—
Vested		—			—
Forfeited		—			—
Unvested at December 31, 2019		—		$	—

Summary of Activity of Unvested Restricted Stock and Stock Unit Awards

A summary of the activity of our unvested restricted stock and stock unit awards are presented in the following table:

	Shares/units (in thousands)			Weighted Average Grant-Date Fair Value
Unvested at December 31, 2016		1,175		$	11.30
Granted		496			12.43
Vested and distributed		(306	)		11.91
Forfeited		(58	)		12.28
Unvested at December 31, 2017		1,307		$	11.55
Granted		730			9.35
Vested and distributed		(457	)		10.91
Forfeited		(164	)		11.31
Unvested at December 31, 2018		1,416		$	10.65
Granted		437			5.39
Vested and distributed		(779	)		9.16
Forfeited		(81	)		10.74
Unvested at December 31, 2019		993		$	9.50

Summary of Vesting Provisions for Restricted Stock and Stock Unit Awards

The vesting provisions for the restricted stock and stock unit awards and the related number of shares granted during the year ended December 31 are as follows:

	Shares/units (in thousands)
Vesting Terms	2019		2018		2017
50% immediately and 50% on the 1 year anniversary of grant date		162		—		—
100% immediately		186		132		106
33.3% per year for three years		89		452		85
100% on February 14, 2020		—		—		305
100% on July 31, 2018		—		146		—
Total restricted stock and stock units granted		437		730		496

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Components of Deferred Tax Liabilities (Assets)

Deferred tax liabilities (assets) were comprised of the following at December 31:

(in millions)	2019			2018
Depreciation	$	99.5		$	109.0
Right of use - leases		93.7			—
Deferred revenue		6.3			9.3
Intangibles		3.4			6.0
State taxes		19.6			19.9
Other		16.0			15.2
Deferred tax liabilities		238.5			159.4
Claims and insurance		(89.9	)		(84.8	)
Net operating loss carryforwards		(210.7	)		(199.9	)
Employee benefit accruals		(94.8	)		(88.9	)
Sale/leaseback transactions		(55.5	)		(54.5	)
Lease liabilities		(93.8	)		—
Other		(28.4	)		(20.6	)
Deferred tax assets		(573.1	)		(448.7	)
Valuation allowance		334.0			291.1
Net deferred tax assets		(239.1	)		(157.6	)
Net deferred tax (asset) liability	$	(0.6	)	$	1.8

Reconciliation between Federal Statutory Tax Rate and Consolidated Effective Tax Rate

A reconciliation between income taxes at the federal statutory rate and the consolidated effective tax rate follows:

	2019			2018			2017
Federal statutory rate		21.0	%		21.0	%		35.0	%
State income taxes, net		(0.7	%)		14.1	%		(2.8	)%
Foreign tax rate differential		(2.6	%)		12.1	%		(10.0	)%
Permanent differences		(0.6	%)		8.3	%		(8.9	)%
Valuation allowance		(17.7	)%		(17.5	)%		(48.6	)%
Benefit from intraperiod tax allocation under ASC 740		—	%		—	%		73.5	%
Net change in unrecognized tax benefits		0.6	%		(0.9	)%		0.5	%
Other, net (primarily prior year return to provision)		4.0	%		(1.6	)%		1.6	%
Effective tax rate		4.0	%		35.5	%		40.3	%

Summary of Income Tax Provision (Benefit)

The income tax provision (benefit) consisted of the following:

(in millions)	2019			2018			2017
Current:
Federal	$	—		$	—		$	(0.9	)
State		(3.3	)		5.4			0.8
Foreign		2.0			6.8			6.0
Current income tax expense (benefit)		(1.3	)		12.2			5.9

Deferred:
Federal		—			—			(13.3	)
State		—			—			—
Foreign		(3.0	)		(1.1	)		0.1
Deferred income tax benefit		(3.0	)		(1.1	)		(13.2	)

Income tax expense (benefit)		(4.3	)		11.1			(7.3	)

Based on the income (loss) before income taxes:
Domestic		(104.7	)		13.6			(30.5	)
Foreign		(3.6	)		17.7			12.4
Income (Loss) before income taxes	$	(108.3	)	$	31.3		$	(18.1	)

Schedule of Unrecognized Tax Benefits Roll Forward

A rollforward of the total amount of unrecognized tax benefits for the years ended December 31 is as follows:

(in millions)	2019			2018
Unrecognized tax benefits at January 1	$	59.2		$	56.8

Increases related to:
Tax positions taken during a prior period		—			7.1
Tax positions taken during the current period		0.5			0.4

Decreases related to:
Tax positions taken during a prior period		(0.1	)		(0.1	)
Lapse of applicable statute of limitations		(1.1	)		(4.8	)
Settlements with taxing authorities		—			(0.2	)

Unrecognized tax benefits at December 31	$	58.5		$	59.2

Summary of Tax Years Remain Subject to Examination

Tax years that remain subject to examination for our major tax jurisdictions as of December 31, 2019:

Statute remains open		2005-2018
Tax years currently under examination/exam completed		2005-2013
Tax years not examined		2014-2019

Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Operations by Business Segment

The following table summarizes our operations by business segment:

(in millions)	YRC Freight			Regional Transportation			Corporate/ Eliminations			Consolidated
2019
External revenue	$	3,088.7		$	1,782.7		$	(0.2	)	$	4,871.2
Operating income (loss)		38.3			(4.8	)		(17.3	)		16.2
Identifiable assets		1,317.0			746.6			(232.0	)		1,831.6
Acquisition of property and equipment		(89.6	)		(45.5	)		(8.1	)		(143.2	)
Proceeds from disposal of property and equipment		14.1			11.8			—			25.9
Depreciation and amortization		86.5			64.6			1.3			152.4
2018
External revenue	$	3,197.3		$	1,895.0		$	(0.3	)	$	5,092.0
Operating income (loss)		85.0			70.7			(12.8	)		142.9
Identifiable assets		973.6			626.4			17.1			1,617.1
Acquisition of property and equipment		(76.5	)		(62.9	)		(6.0	)		(145.4	)
Proceeds from disposal of property and equipment		35.8			0.6			—			36.4
Depreciation and amortization		82.2			65.0			0.5			147.7
2017
External revenue	$	3,067.9		$	1,823.4		$	(0.3	)	$	4,891.0
Operating income (loss)		60.7			67.9			(9.6	)		119.0
Identifiable assets		1,042.1			607.4			(64.0	)		1,585.5
Acquisition of property and equipment		(66.6	)		(36.6	)		(0.1	)		(103.3	)
Proceeds from disposal of property and equipment		8.1			0.7			—			8.8
Depreciation and amortization		84.8			62.9			—			147.7

Shareholders' Deficit (Tables)

12 Months Ended

Dec. 31, 2019

Stockholders Equity Note [Abstract]

Schedule of Activity in Shares of Common Stock

The following reflects the activity in the shares of our common stock for the years ended December 31:

Common Shares (in thousands)	2019		2018		2017
Beginning balance		33,090		32,733		32,473
Issuance of equity awards, net		625		357		260
Ending balance		33,715		33,090		32,733

Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Basic and Dilutive Earnings (Loss) Per Share

Our calculations for basic and dilutive earnings (loss) per share for the years ended December 31, 2019, 2018, and 2017 are as follows:

(dollars in millions, except per share data, shares and stock units in thousands)	2019			2018		2017
Basic and dilutive net income (loss)	$	(104.0	)	$	20.2	$	(10.8	)

Basic weighted average shares outstanding		33,252			32,983		32,685
Effect of dilutive securities:
Unvested shares and stocks units^(a)		—			876		—
Dilutive weighted average shares outstanding		33,252			33,859		32,685

Basic earnings (loss) per share^(b)	$	(3.13	)	$	0.61	$	(0.33	)
Diluted earnings (loss) per share^(b)	$	(3.13	)	$	0.60	$	(0.33	)

(a)

Includes unvested shares of Common Stock, unvested stock units, and vested stock units for which the underlying Common Stock has not been distributed.

(b)

Earnings (loss) per share is based on unrounded figures and not the rounded figures presented.

Schedule of Antidilutive Securities

Our anti-dilutive securities for the years ended December 31 are as follows:

(shares in thousands)		2019				2018				2017
Anti-dilutive unvested shares and options			610				51				8

Accounting Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Line items]
Allowance for doubtful accounts	$ 11,400,000	$ 11,100,000
Rerate reserve as a reduction to accounts receivable	7,900,000	12,500,000
Deferred revenue	$ 25,200,000	$ 25,700,000
Risk-free rate for maturities of workers' compensation claims	2.00%	2.60%	1.50%
Risk-free rate for property damage and liability claims	2.10%	2.50%	1.30%
Depreciation	$ 150,500,000	$ 145,900,000	$ 147,700,000
Restricted amounts held in escrow-current	0	0
Cargo Claims And Other Insurance Related Amounts
Accounting Policies [Line items]
Undiscounted amount	$ 13,700,000	$ 13,900,000
Workforce Subject to Collective Bargaining Arrangements \| Labor Force Concentration Risk
Accounting Policies [Line items]
Percentage of workforce subject to collective bargaining agreements	79.00%

Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue from External Customer [Line Items]
Revenue	$ 4,871.2	$ 5,092.0	$ 4,891.0
LTL revenue
Revenue from External Customer [Line Items]
Revenue	4,494.0	4,690.6
Other revenue
Revenue from External Customer [Line Items]
Revenue	377.2	401.4
Operating Segments \| YRC Freight
Revenue from External Customer [Line Items]
Revenue	3,088.7	3,197.3	3,067.9
Operating Segments \| YRC Freight \| LTL revenue
Revenue from External Customer [Line Items]
Revenue	2,841.0	2,948.1
Operating Segments \| YRC Freight \| Other revenue
Revenue from External Customer [Line Items]
Revenue	247.7	249.2
Operating Segments \| Regional Transportation
Revenue from External Customer [Line Items]
Revenue	1,782.7	1,895.0	$ 1,823.4
Operating Segments \| Regional Transportation \| LTL revenue
Revenue from External Customer [Line Items]
Revenue	1,653.0	1,742.5
Operating Segments \| Regional Transportation \| Other revenue
Revenue from External Customer [Line Items]
Revenue	$ 129.7	$ 152.5

Accounting Policies - Schedule of Undiscounted Amounts and Material Changes in Insurance Claims (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Liability For Claims And Claims Adjustment Expense [Line Items]
Undiscounted amount	$ 361.4	$ 369.8
Estimated settlement cost	138.5	135.9
Claim payments, net of recoveries	(132.0)	(128.6)
Change in estimated settlement cost for prior claim years	(8.5)	(15.7)
Undiscounted amount	359.4	361.4
Discounted settlement cost estimate	335.6
Workers’ Compensation
Liability For Claims And Claims Adjustment Expense [Line Items]
Undiscounted amount	287.8	299.3
Estimated settlement cost	103.3	95.9
Claim payments, net of recoveries	(95.9)	(92.4)
Change in estimated settlement cost for prior claim years	(9.6)	(15.0)
Undiscounted amount	285.6	287.8
Discounted settlement cost estimate	262.2
Third-Party Liability Claims
Liability For Claims And Claims Adjustment Expense [Line Items]
Undiscounted amount	73.6	70.5
Estimated settlement cost	35.2	40.0
Claim payments, net of recoveries	(36.1)	(36.2)
Change in estimated settlement cost for prior claim years	1.1	(0.7)
Undiscounted amount	73.8	$ 73.6
Discounted settlement cost estimate	$ 73.4

Accounting Policies - Schedule of Estimated Cash Payments to Settle Claims (Details) $ in Millions	Dec. 31, 2019 USD ($)
Liability for Claims and Claims Adjustment Expense [Line Items]
2020	$ 111.8
2021	68.0
2022	44.7
2023	27.8
2024	19.0
Thereafter	88.1
Total	359.4
Workers’ Compensation
Liability for Claims and Claims Adjustment Expense [Line Items]
2020	78.3
2021	50.1
2022	33.3
2023	22.0
2024	16.4
Thereafter	85.5
Total	285.6
Third-Party Liability Claims
Liability for Claims and Claims Adjustment Expense [Line Items]
2020	33.5
2021	17.9
2022	11.4
2023	5.8
2024	2.6
Thereafter	2.6
Total	$ 73.8

Accounting Policies - Summary of Components of Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Land	$ 239.9	$ 243.7
Structures	788.4	791.3
Revenue equipment	1,228.2	1,257.4
Technology equipment and software	291.7	259.7
Other	213.4	213.8
Total property and equipment, at cost	$ 2,761.6	$ 2,765.9

Accounting Policies - Schedule of Service Lives for Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2019
Structures \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, service life	10 years
Structures \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, service life	30 years
Revenue equipment \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, service life	10 years
Revenue equipment \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, service life	20 years
Technology equipment and software \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, service life	3 years
Technology equipment and software \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, service life	7 years
Other \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, service life	3 years
Other \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, service life	10 years

Accounting Policies - New Accounting Pronouncements (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 386.0
Operating lease liability	367.1
Operating lease liabilities, noncurrent	$ 246.3
Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 378.8
Operating lease liability		378.8
Lease deposits		25.4
Operating lease liabilities, noncurrent		$ 25.4

Other Assets - Schedule of Primary Components of Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Intangible assets	$ 15.0	$ 25.2
Prepayments	1.4	18.0
Other	40.1	21.2
Total	$ 56.5	$ 64.4

Employee Benefits - Additional Information (Details)		12 Months Ended
Employee Benefits - Additional Information (Details)	Jun. 01, 2011	Dec. 31, 2019 USD ($) employee	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of employees sponsored by defined benefit pension plans \| employee		9,000
Underfunded status of plans		$ 228,800,000	$ 198,300,000
Plan assets expected to be returned		0
Settlement adjustment		1,800,000	10,900,000	$ 7,600,000
Unrecognized actuarial losses before tax		396,300,000	$ 358,600,000
Unrecognized actuarial losses net of tax		372,100,000
Actuarial loss included in accumulated other comprehensive loss and expected to be recognized next year		15,000,000
Expected amortization of prior service credit next fiscal year		$ (400,000)
Expected rate of return on assets		7.00%	7.00%	7.00%
Expected employer contribution in next fiscal year		$ 31,500,000
Income tax expense (benefit) related to amounts in other comprehensive income		(300,000)	$ (100,000)	$ 13,300,000
Employer pension contribution percentage	25.00%
Employer discretionary contribution amount		12,800,000	13,300,000	10,300,000
Annual Incentive Plan
Defined Benefit Plan Disclosure [Line Items]
Incentive accruals		0	29,800,000	0
Pension
Defined Benefit Plan Disclosure [Line Items]
Contribution to the multi-employer plan		$ 128,800,000	$ 112,600,000	$ 97,800,000
Increase in annual future employer contribution		3.50%
Pension \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Minimum contribution percentage			5.00%	5.00%
Multiemployer plan, additional surcharge required contribution rate		5.00%
Pension \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, additional surcharge required contribution rate		10.00%
Workforce Subject to Collective Bargaining Arrangements \| Labor Force Concentration Risk
Defined Benefit Plan Disclosure [Line Items]
Percentage of labor force		79.00%

Employee Benefits - Schedule of Reconciliation of Projected Benefit Obligation and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	$ 1,073.2	$ 1,228.4
Interest cost	45.7	44.1
Benefits paid	(96.7)	(110.4)
Actuarial (gain) loss	106.5	(88.5)
Other	0.1	(0.4)
Benefit obligation at year end	1,128.8	1,073.2
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at prior year end	874.9	998.3
Actual return on plan assets	112.1	(27.8)
Employer contributions	9.7	15.2
Benefits paid	(96.7)	(110.4)
Other		(0.4)
Fair value of plan assets at year end	900.0	874.9
Funded status at year end	$ (228.8)	$ (198.3)

Employee Benefits - Amounts Recognized for Pension Benefits (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Noncurrent assets	$ 6.1	$ 2.7
Current liabilities	1.0	0.8
Noncurrent liabilities	$ 233.9	$ 200.2

Employee Benefits - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Net actuarial loss	$ 406.1	$ 368.9
Net prior service credit	(9.8)	(10.3)
Total	$ 396.3	$ 358.6

Employee Benefits - Information for Pension Plans with ABO in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]
ABO Exceeds Assets	$ 960.9	$ 927.6
Assets Exceed ABO	167.9	145.6
Projected benefit obligation	1,128.8	1,073.2
ABO Exceeds Assets	960.9	927.6
Assets Exceed ABO	167.9	145.6
Accumulated benefit obligation	1,128.8	1,073.2
ABO Exceeds Assets	726.0	726.6
Assets Exceed ABO	174.0	148.3
Fair value of plan assets	$ 900.0	$ 874.9

Employee Benefits - Schedule of Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Discount rate	3.56%	4.44%
Discount rate	4.44%	3.77%	4.27%
Expected rate of return on assets	7.00%	7.00%	7.00%

Employee Benefits - Schedule of Asset Allocation and Targeted Long Term Asset Allocation (Details)	Dec. 31, 2019	Dec. 31, 2018
Equities
Defined Benefit Plan Disclosure [Line Items]
Plan investments actual allocations	33.00%	39.00%
Plan investments target allocations	38.00%
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Plan investments actual allocations	30.00%	24.00%
Plan investments target allocations	30.00%
Absolute Return
Defined Benefit Plan Disclosure [Line Items]
Plan investments actual allocations	37.00%	37.00%
Plan investments target allocations	32.00%

Employee Benefits - Schedule of Expected Benefit Payments (Details) $ in Millions	Dec. 31, 2019 USD ($)
Expected benefit payments
2020	$ 89.4
2021	85.8
2022	84.3
2023	80.6
2024	80.1
2025-2029	$ 370.1

Employee Benefits - Schedule of Costs of Retirement Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net periodic benefit cost:
Interest cost	$ 45.7	$ 44.1
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Settlement adjustment	(1.8)	(10.9)	$ (7.6)
Other Postretirement Benefits Plan
Net periodic benefit cost:
Service cost		0.0	5.4
Interest cost	45.7	44.1	51.1
Expected return on plan assets	(57.3)	(60.0)	(59.3)
Amortization of prior net losses	12.8	14.6	15.5
Amortization of prior net service credit	(0.4)	(0.4)	0.0
Settlement adjustment	1.8	10.9	7.6
Net periodic pension cost	2.6	9.2	20.3
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net actuarial gains (losses) and other adjustments	51.9	(0.9)	(43.7)
Net prior service credit		0.0	(10.7)
Settlement adjustment	(1.8)	(10.9)	(7.6)
Amortization of prior net losses	(12.8)	(14.6)	(15.5)
Amortization of prior net service credit	0.4	0.4	0.0
Total recognized in other comprehensive loss (income)	37.7	(26.0)	(77.5)
Total recognized in net periodic benefit cost and other comprehensive loss (income)	$ 40.3	$ (16.8)	$ (57.2)

Employee Benefits - Schedule of Pension Assets at Fair Value Hierarchy Level (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	$ 900.0	$ 874.9	$ 998.3
Fair Value, Measurements, Recurring
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	900.0	874.9
Fair Value, Measurements, Recurring \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	137.1	129.9
Fair Value, Measurements, Recurring \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	181.9	163.9
Fair Value, Measurements, Recurring \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	44.8	44.3	$ 52.6
Fair Value, Measurements, Recurring \| Equities
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	67.0	67.7
Fair Value, Measurements, Recurring \| Equities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	66.6	65.5
Fair Value, Measurements, Recurring \| Equities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	0.4	2.2
Fair Value, Measurements, Recurring \| Private Equities
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	36.4	43.4
Fair Value, Measurements, Recurring \| Private Equities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	36.4	43.4
Fair Value, Measurements, Recurring \| Corporate and Other
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	29.0	24.8
Fair Value, Measurements, Recurring \| Corporate and Other \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	2.2	7.7
Fair Value, Measurements, Recurring \| Corporate and Other \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	18.4	16.2
Fair Value, Measurements, Recurring \| Corporate and Other \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	8.4	0.9
Fair Value, Measurements, Recurring \| Government
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	204.2	177.1
Fair Value, Measurements, Recurring \| Government \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	53.3	67.2
Fair Value, Measurements, Recurring \| Government \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	150.9	109.9
Fair Value, Measurements, Recurring \| Interest Bearing
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	27.2	25.1
Fair Value, Measurements, Recurring \| Interest Bearing \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	15.0	(10.5)
Fair Value, Measurements, Recurring \| Interest Bearing \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	12.2	35.6
Fair Value, Measurements, Recurring \| Investments Measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Pension assets at fair value	$ 536.2	$ 536.8

Employee Benefits - Activity of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at prior year end	$ 874.9	$ 998.3
Fair value of plan assets at year end	900.0	874.9
Fair Value, Measurements, Recurring
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at prior year end	874.9
Fair value of plan assets at year end	900.0	874.9
Fair Value, Measurements, Recurring \| Private Equities
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at prior year end	43.4
Fair value of plan assets at year end	36.4	43.4
Fair Value, Measurements, Recurring \| Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Purchases	8.1	0.6
Sales	(17.5)	(0.3)
Realized gains	1.9
Unrealized gain (loss)	8.0	(8.6)
Fair value of plan assets at prior year end	44.3	52.6
Fair value of plan assets at year end	44.8	44.3
Fair Value, Measurements, Recurring \| Level 3 \| Private Equities
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets beginning of year	43.4	46.6
Sales	(16.7)	(0.3)
Realized gains	1.9
Unrealized gain (loss)	7.8	(2.9)
Fair value of plan assets at year end	36.4	43.4
Fair value of plan assets at prior year end	43.4
Fair value of plan assets at year end	36.4	43.4
Fair Value, Measurements, Recurring \| Level 3 \| Fixed Income
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets beginning of year	0.9	6.0
Purchases	8.1	0.6
Sales	(0.8)
Unrealized gain (loss)	0.2	(5.7)
Fair value of plan assets at year end	$ 8.4	$ 0.9

Employee Benefits - Summary of Assets for Reported NAV Used to Estimate Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 900.0	$ 874.9	$ 998.3
Fair Value, Measurements, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair Value	900.0	874.9
Fair Value, Measurements, Recurring \| Net Asset Value per Share
Defined Benefit Plan Disclosure [Line Items]
Fair Value	536.2	536.8
Fair Value, Measurements, Recurring \| Private Equities
Defined Benefit Plan Disclosure [Line Items]
Unfunded Commitments	1.7	2.8
Fair Value, Measurements, Recurring \| Private Equities \| Net Asset Value per Share
Defined Benefit Plan Disclosure [Line Items]
Fair Value	127.0	155.2
Fair Value, Measurements, Recurring \| Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Unfunded Commitments	4.1	0.5
Fair Value, Measurements, Recurring \| Fixed Income \| Net Asset Value per Share
Defined Benefit Plan Disclosure [Line Items]
Fair Value	231.4	189.2
Fair Value, Measurements, Recurring \| Equities \| Net Asset Value per Share
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 81.9	$ 84.0
Fair Value, Measurements, Recurring \| Equities \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Redemption Notice Period	0 days	3 days
Fair Value, Measurements, Recurring \| Equities \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Redemption Notice Period	30 days	30 days
Fair Value, Measurements, Recurring \| Absolute Return \| Net Asset Value per Share
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 95.9	$ 108.4
Fair Value, Measurements, Recurring \| Absolute Return \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Redemption Notice Period	3 days	2 days
Fair Value, Measurements, Recurring \| Absolute Return \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Redemption Notice Period	75 days	45 days

Employee Benefits - Summary of Expense Related to Multi-Employer Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Expense related to multi-employer plans	$ 631.1	$ 614.8	$ 580.7
Health and Welfare
Defined Benefit Plan Disclosure [Line Items]
Expense related to multi-employer plans	503.5	499.3	482.6
Pension
Defined Benefit Plan Disclosure [Line Items]
Expense related to multi-employer plans	$ 127.6	$ 115.5	$ 98.1

Employee Benefits - Additional Information Related to Participation in Individually Significant Multi-Employer Pension Plans (Details)	12 Months Ended
	Dec. 31, 2019
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Entity Tax Identification Number	48-0948788
Central States, Southeast and Southwest Areas Pension Fund
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Entity Tax Identification Number	36-6044243
Expiration Date of Collective-Bargaining Agreement	Mar. 31, 2024
Teamsters National 401 (k) Savings Plan
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Entity Tax Identification Number	52-1967784
Expiration Date of Collective-Bargaining Agreement	Mar. 31, 2024
Road Carriers Local 707 Pension Fund
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Entity Tax Identification Number	51-6106510
Expiration Date of Collective-Bargaining Agreement	Mar. 31, 2024
Teamsters Local 641 Pension Fund
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Entity Tax Identification Number	22-6220288
Expiration Date of Collective-Bargaining Agreement	Mar. 31, 2024

Employee Benefits - Schedule of Pension Amounts Contributed by Funds Considered to be Individually Significant (Details) - Pension - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to the multi-employer plan	$ 128.8	$ 112.6	$ 97.8
Central States, Southeast and Southwest Areas Pension Fund
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to the multi-employer plan	77.7	70.7	58.8
Teamsters National 401 (k) Savings Plan
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to the multi-employer plan	19.0	14.7	13.1
Road Carriers Local 707 Pension Fund
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to the multi-employer plan	2.5	2.2	2.2
Teamsters Local 641 Pension Fund
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to the multi-employer plan	$ 2.1	$ 1.8	$ 1.5

Debt and Financing - Schedule of Outstanding Debt (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Par Value	$ 902.8	$ 890.0
Discount	(28.1)	(7.8)
Debt Issuance Costs	(12.5)	(7.3)
Book Value	862.2	874.9
Book Value, Current Maturities	(4.1)	(20.7)
Par Value, Excluding Current Maturities	898.7	869.3
Premium (Discount), Excluding Current Maturities	(28.1)	(7.8)
Debt Issuance Costs, Noncurrent	(12.5)	(7.3)
Book Value, Excluding Current Maturities	858.1	854.2
New Term Loan
Debt Instrument [Line Items]
Par Value	600.0
Discount	(28.1)
Debt Issuance Costs	(12.0)
Book Value	$ 559.9
Effective Interest Rate	10.50%
ABL Facility \| 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Par Value	$ 0.0	0.0
Discount	0.0	0.0
Debt Issuance Costs	0.0	0.0
Book Value	0.0	0.0
Secured Second A&R CDA
Debt Instrument [Line Items]
Par Value	26.0	26.9
Discount	0.0	0.0
Debt Issuance Costs	(0.1)	(0.1)
Book Value	$ 25.9	$ 26.8
Effective Interest Rate	7.90%	7.90%
Unsecured Second A&R CDA
Debt Instrument [Line Items]
Par Value	$ 45.2	$ 46.7
Discount	0.0	0.0
Debt Issuance Costs	(0.1)	(0.2)
Book Value	$ 45.1	$ 46.5
Effective Interest Rate	7.90%	7.90%
Par Value, Current Maturities	$ (1.4)	$ (1.5)
Discount, Current Maturities	0.0	0.0
Deferred Issuance Costs, Current	0.0	0.0
Book Value, Current Maturities	(1.4)	(1.5)
Lease financing obligations
Debt Instrument [Line Items]
Par Value	231.6	242.7
Discount	0.0	0.0
Debt Issuance Costs	(0.3)	(0.5)
Book Value	$ 231.3	$ 242.2
Effective Interest Rate	16.50%	14.90%
Par Value, Current Maturities	$ (2.7)	$ (5.0)
Discount, Current Maturities	0.0	0.0
Deferred Issuance Costs, Current	0.0	0.0
Book Value, Current Maturities	$ (2.7)	(5.0)
Prior Term Loan
Debt Instrument [Line Items]
Par Value		573.7
Discount		(7.8)
Debt Issuance Costs		(6.5)
Book Value		$ 559.4
Effective Interest Rate		11.40%
Par Value, Current Maturities		$ (14.2)
Discount, Current Maturities		0.0
Deferred Issuance Costs, Current		0.0
Book Value, Current Maturities		$ (14.2)

Debt and Financing - Schedule of Outstanding Debt (Parenthetical) (Details) - London Interbank Offered Rate (LIBOR)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
New Term Loan
Debt Instrument [Line Items]
Floor interest rate	1.00%
Basis spread on variable rate	7.50%
Prior Term Loan
Debt Instrument [Line Items]
Floor interest rate		1.00%
Basis spread on variable rate		8.50%

Debt and Financing - Additional Information (Details)			12 Months Ended
Debt and Financing - Additional Information (Details)	Sep. 11, 2019 USD ($)	Jan. 31, 2018	Dec. 31, 2019 USD ($) Facility	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Feb. 13, 2014 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 11,200,000	$ 0	$ 0
Contribution rate of subsidiaries to funds			25.00%
Acquisition of property and equipment			$ 143,200,000	145,400,000	$ 103,300,000
Minimum annual rentals 2020				138,400,000
Future minimum payments due				429,200,000
Revenue Equipment
Debt Instrument [Line Items]
Operating lease commitment			$ 111,000,000
Operating lease term			4 years
Operating Lease Capital Equivalent			$ 131,800,000
Minimum annual rentals 2020			154,400,000
Future minimum payments due			$ 451,100,000
Minimum \| 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Commitment fee percentage			0.25%
Maximum \| 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Commitment fee percentage			0.375%
2014 Financing
Debt Instrument [Line Items]
Number of credit facilities \| Facility			2
2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, total cash and availability				39,200,000
Managed Accessibility			$ 200,000	1,200,000
Restricted cash			29,000,000	25,000,000
Cash, cash equivalents and managed accessibility			80,400,000	203,800,000
2014 ABL Facility Credit Agreement \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity, uncommitted accordion						$ 100,000,000
Letters of credit outstanding, amount			$ 337,800,000	$ 341,300,000
Collateral line cap, percent			10.00%
Restricted cash			$ 29,000,000
Amended Second A&R CDA
Debt Instrument [Line Items]
Annual amortization of amount outstanding, percent		2.00%
Debt instrument maturity date		Dec. 31, 2022
Term Loan \| 2014 Financing
Debt Instrument [Line Items]
Principal amount issued			$ 600,000,000
Term Loan \| New Term Loan Agreement
Debt Instrument [Line Items]
Principal amount issued	$ 600,000,000
Floor interest rate	1.00%
Basis spread on variable rate	7.50%
Margin step down if certain EBITDA is achieved	1.00%
Adjusted EBITDA threshold for margin step down	$ 400,000,000
Minimum adjusted EBITDA	$ 200,000,000
Percent of cash proceeds from disposition of assets to be used to repay debt	100.00%
Repayment of debt, amount of property sales to be used in reinvestment	$ 40,000,000
Loss on extinguishment of debt	$ 11,200,000
Term Loan \| New Term Loan Agreement \| Premium Until First Anniversary Date
Debt Instrument [Line Items]
Prepayment premium, percent	3.00%
Term Loan \| New Term Loan Agreement \| Premium From First Anniversary Date Until Second Anniversary Date
Debt Instrument [Line Items]
Prepayment premium, percent	2.00%
Term Loan \| New Term Loan Agreement \| Premium From Second Anniversary Date Until Third Anniversary Date
Debt Instrument [Line Items]
Prepayment premium, percent	1.00%
Term Loan \| New Term Loan Agreement \| Premium Thereafter
Debt Instrument [Line Items]
Prepayment premium, percent	0.00%
ABL Facility \| Minimum \| 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Interest rate			1.75%
ABL Facility \| 2014 Financing
Debt Instrument [Line Items]
Principal amount issued						450,000,000
ABL Facility \| 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Annual limit on capital expenditures			$ 210,600,000
Line of credit facility, total cash and availability			$ 37,700,000
ABL Facility \| 2014 ABL Facility Credit Agreement \| Minimum
Debt Instrument [Line Items]
Annual limit on capital expenditures	$ 200,000,000
2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate			1.75%
2014 ABL Facility Credit Agreement \| ABL Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.75%
2014 ABL Facility Credit Agreement \| 2014 Financing
Debt Instrument [Line Items]
Principal amount issued						$ 450,000,000

Debt and Financing - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
2020	$ 3.9
2021	3.7
2022	71.6
2023	3.9
2024	601.9
Thereafter	217.8
Total	902.8	$ 890.0
Term Loan
Debt Instrument [Line Items]
2020	0.0
2021	0.0
2022	0.0
2023	0.0
2024	600.0
Thereafter	0.0
Total	600.0
ABL Facility \| 2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
2020	0.0
2021	0.0
2022	0.0
2023	0.0
2024	0.0
Thereafter	0.0
Total	0.0	0.0
Second A&R CDA
Debt Instrument [Line Items]
2020	1.4
2021	1.4
2022	68.4
2023	0.0
2024	0.0
Thereafter	0.0
Total	71.2
Lease Financing Obligation
Debt Instrument [Line Items]
2020	2.5
2021	2.3
2022	3.2
2023	3.9
2024	1.9
Thereafter	217.8
Total	$ 231.6	$ 242.7

Debt and Financing - Schedule of Maturities of Long-term Debt (Parenthetical) (Details) $ in Millions	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Lease financing obligations subsequent to 2024	$ 217.8
Lease Financing Obligation
Debt Instrument [Line Items]
Lease financing obligations subsequent to 2024	$ 217.8

Debt and Financing - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	$ 862.2	$ 874.9
Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value	864.7	850.7
Prior Term Loan \| Book Value
Debt Instrument [Line Items]
Long-term debt, fair value		559.4
Prior Term Loan \| Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value		546.0
New Term Loan \| Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	559.9
New Term Loan \| Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value	559.3
Lease financing obligations \| Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	231.3	242.2
Lease financing obligations \| Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value	233.7	234.7
Second A&R CDA \| Book Value
Debt Instrument [Line Items]
Long-term debt, fair value	71.0	73.3
Second A&R CDA \| Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value	$ 71.7	$ 70.0

Debt and Financing - Schedule of Cash and Cash Equivalents and Managed Accessibility (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Cash and cash equivalents	$ 109.2	$ 227.6
2014 ABL Facility Credit Agreement
Debt Instrument [Line Items]
Cash and cash equivalents	109.2	227.6
Less: amounts placed into restricted cash subsequent to year-end	(29.0)	(25.0)
Managed Accessibility	0.2	1.2
Total cash and cash equivalents and Managed Accessibility	$ 80.4	$ 203.8

Leases - Summary of Assets and Liabilities (Details) $ in Millions	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating lease assets	$ 386.0
Finance lease assets	2.6
Total leased assets	388.6
Operating	120.8
Finance	0.2
Operating lease liabilities, noncurrent	246.3
Finance	3.3
Total lease liabilities	$ 370.6

Leases - Summary of Lease Cost (Details) $ in Millions	12 Months Ended
Leases - Summary of Lease Cost (Details) $ in Millions	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating lease cost(a)	$ 168.0
Short-term cost	14.2
Variable lease cost	5.9
Amortization of leased assets	0.4
Interest on lease liabilities	0.5
Total lease cost	$ 189.0

Leases - Summary of Remaining Maturities of Lease Liabilities (Details) $ in Millions	Dec. 31, 2019 USD ($)
Operating Leases
2020	$ 154.4
2021	128.9
2022	77.8
2023	41.1
2024	16.3
After 2024	32.6
Total lease payments	451.1
Less: Interest	84.0
Operating lease liability	367.1
Finance Leases
2020	0.6
2021	0.6
2022	0.6
2023	0.6
2024	0.7
After 2024	3.4
Total lease payments	6.5
Less: Interest	3.0
Present value of lease liabilities	3.5
Total
2020	155.0
2021	129.5
2022	78.4
2023	41.7
2024	17.0
After 2024	36.0
Total lease payments	457.6
Less: Interest	87.0
Present value of lease liabilities	$ 370.6

Leases - Summary of Lease Term and Discount Rate (Details)	Dec. 31, 2019
Leases [Abstract]
Operating lease, Weighted Average Remaining Lease	3 years 8 months 12 days
Operating lease, Weighted Average Discount Rate	11.00%
Finance lease, Weighted Average Remaining Lease	9 years 9 months 18 days
Finance lease, Weighted Average Discount Rate	11.30%

Leases - Summary of Supplemental Cash Flow Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 154.6
Operating cash flows from finance leases	0.5
Financing cash flows from finance leases	0.3
Leased assets obtained in exchange for new operating lease liabilities	$ 129.7

Leases - Summary of Contractual Cash Obligation (Details) $ in Millions	Dec. 31, 2018 USD ($)
Operating leases
Total	$ 429.2
Less than 1 year	138.4
1-3 years	212.0
3-5 years	63.3
After 5 years	$ 15.5

Equity-Based Compensation Plans - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Performance Based Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period			3 years
Weighted average share price	$ 0	$ 18.06	$ 17.90
Intrinsic value, outstanding	$ 5.8
Compensation cost share based awards	2.6	$ 0.1	$ 0.9
Unrecognized compensation expense	$ 2.9
Period of recognition	4 months 24 days
Restricted Stock and Stock Unit
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average share price	$ 9.16	$ 10.91	$ 11.91
Intrinsic value, outstanding	$ 2.5
Compensation cost share based awards	3.6	$ 6.2	$ 5.6
Unrecognized compensation expense	$ 1.8
Period of recognition	8 months 12 days
Restricted stock units vested but common shares not distributed (in shares)	500,000	660,000	528,000
Vested in Period, Fair Value	$ 7.1	$ 5.0	$ 3.6
2019 Long Term Incentive and Equity Award Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance (in shares)	1,900,000
Equity award plan. vesting rights	According to the plan provisions, the stock units provide the holders the right to receive one share of our Common Stock upon vesting (and distribution) of one stock unit.
2019 Long Term Incentive and Equity Award Plan \| Key Management Personnel
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance (in shares)	2,500,000
2011 and 2019 Long Term Incentive and Equity Award Plan \| Performance Based Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	30 days
Weighted average share price	$ 11.75
Vesting percentage	100.00%
Remaining shares vesting period	12 months

Equity-Based Compensation Plans - Summary of Performance-Based Unvested Stock Unit Awards (Details) - Performance Based Awards - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares/units [Roll Forward]
Unvested Shares/units, Beginning balance	0	114	261
Forfeited, Shares/units	0	0	(6)
Unvested shares/units, Ending balance	0	0	114
Weighted Average Grant-Date Fair Value [Roll Forward]
Unvested, Weighted Average Grant-Date Fair Value, Beginning balance	$ 0	$ 18.06	$ 17.98
Forfeited, Weighted Average Grant-Date Fair Value	0	0	18.23
Unvested, Weighted Average Grant-Date Fair Value, Ending balance	$ 0	$ 0	$ 18.06
2019 Long Term Incentive and Equity Award Plan
Shares/units [Roll Forward]
Granted, Shares/units	2,927
Forfeited, Shares/units	(642)
Unvested shares/units, Ending balance	2,285
Weighted Average Grant-Date Fair Value [Roll Forward]
Granted, Weighted Average Grant-Date Fair Value	$ 2.59
Forfeited, Weighted Average Grant-Date Fair Value	3.20
Unvested, Weighted Average Grant-Date Fair Value, Ending balance	$ 2.42

Equity-Based Compensation Plans - Summary of Performance-Based Unvested Stock Unit Activity (Details) - Performance Based Awards - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares/units [Roll Forward]
Unvested Shares/units, Beginning balance	0	114	261
Vested, Shares/units	0	(114)	(141)
Forfeited, Shares/units	0	0	(6)
Unvested shares/units, Ending balance	0	0	114
Weighted Average Grant-Date Fair Value [Roll Forward]
Unvested, Weighted Average Grant-Date Fair Value, Beginning balance	$ 0	$ 18.06	$ 17.98
Weighted average share price	0	18.06	17.90
Forfeited, Weighted Average Grant-Date Fair Value	0	0	18.23
Unvested, Weighted Average Grant-Date Fair Value, Ending balance	$ 0	$ 0	$ 18.06

Equity-Based Compensation Plans - Summary of Activity of Unvested Restricted Stock and Stock Unit Awards (Details) - Restricted Stock and Stock Unit - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares/units [Roll Forward]
Unvested Shares/units, Beginning balance	1,416	1,307	1,175
Granted, Shares/units	437	730	496
Vested, Shares/units	(779)	(457)	(306)
Forfeited, Shares/units	(81)	(164)	(58)
Unvested shares/units, Ending balance	993	1,416	1,307
Weighted Average Grant-Date Fair Value [Roll Forward]
Unvested, Weighted Average Grant-Date Fair Value, Beginning balance	$ 10.65	$ 11.55	$ 11.30
Granted, Weighted Average Grant-Date Fair Value	5.39	9.35	12.43
Weighted average share price	9.16	10.91	11.91
Forfeited, Weighted Average Grant-Date Fair Value	10.74	11.31	12.28
Unvested, Weighted Average Grant-Date Fair Value, Ending balance	$ 9.50	$ 10.65	$ 11.55

Equity-Based Compensation Plans - Summary of Vesting Provisions for Restricted Stock and Stock Unit Awards (Details) - Restricted Stock and Stock Unit - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, Shares/units	437	730	496
50% immediately and 50% on the 1 year anniversary of grant date
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, Shares/units	162	0	0
100% immediately
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, Shares/units	186	132	106
33.3% per year for three years
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, Shares/units	89	452	85
100% on February 14, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, Shares/units	0	0	305
100% on July 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, Shares/units	0	146	0

Income Taxes - Components of Deferred Tax Liabilities (Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Depreciation	$ 99.5	$ 109.0
Right of use - leases	93.7	0.0
Deferred revenue	6.3	9.3
Intangibles	3.4	6.0
State taxes	19.6	19.9
Other	16.0	15.2
Deferred tax liabilities	238.5	159.4
Claims and insurance	(89.9)	(84.8)
Net operating loss carryforwards	(210.7)	(199.9)
Employee benefit accruals	(94.8)	(88.9)
Deferred Tax Asset, Sale Leaseback Transaction	(55.5)	(54.5)
Lease liabilities	(93.8)	0.0
Other	(28.4)	(20.6)
Deferred tax assets	(573.1)	(448.7)
Valuation allowance	334.0	291.1
Net deferred tax assets	(239.1)	(157.6)
Net deferred tax (asset) liability	$ (0.6)
Net deferred tax (asset) liability		$ 1.8

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Net deferred tax (asset) liability	$ (600,000)
Net deferred tax (asset) liability		$ 1,800,000
Income tax receivable	1,600,000	5,800,000
Net operating loss carryforwards	756,500,000
Foreign tax credit carryforwards, subject to expiration	100,000
Valuation allowance	334,000,000	291,100,000
Deferred income tax benefit	0	0	$ 13,300,000
Unrecognized tax benefits that would impact effective tax rate	9,800,000	10,500,000
Unrecognized Tax Benefits, Interest on Income Taxes Expense	900,000	800,000
Interest accrual reversal	1,000,000	300,000
Interest accrued net reduction	(100,000)	500,000
Total amount of interest accrued for uncertain tax positions	2,700,000	$ 2,800,000
Tax audit settlement expense	0
Accrued penalties related to uncertain tax positions	0
Amount by which unrecognized tax benefits may decrease over the next 12 months	7,300,000
Tax Year Prior to 2018
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	$ 690,000,000
Tax Year 2030
Income Tax Disclosure [Line Items]
Net operating loss carryforwards, expiration year	2030
Tax Year 2037
Income Tax Disclosure [Line Items]
Net operating loss carryforwards, expiration year	2037
Tax Year 2027 \| General Business and Other Credit Carryforwards
Income Tax Disclosure [Line Items]
Foreign tax credit carryforwards, subject to expiration, year	2027
Tax Year 2031 \| General Business and Other Credit Carryforwards
Income Tax Disclosure [Line Items]
Foreign tax credit carryforwards, subject to expiration, year	2031
Tax Year 2010 \| State
Income Tax Disclosure [Line Items]
State audits of tax under examination, year	2010
Tax Year 2011 \| State
Income Tax Disclosure [Line Items]
State audits of tax under examination, year	2011
Tax Year 2012 \| State
Income Tax Disclosure [Line Items]
State audits of tax under examination, year	2012
Tax Year 2013 \| State
Income Tax Disclosure [Line Items]
State audits of tax under examination, year	2013
Tax Year 2014 \| State
Income Tax Disclosure [Line Items]
State audits of tax under examination, year	2014

Income Taxes - Reconciliation between Federal Statutory Tax Rate and Consolidated Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	21.00%	35.00%
State income taxes, net	(0.70%)	14.10%	(2.80%)
Foreign tax rate differential	(2.60%)	12.10%	(10.00%)
Permanent differences	(0.60%)	8.30%	(8.90%)
Valuation allowance	(17.70%)	(17.50%)	(48.60%)
Benefit from intraperiod tax allocation under ASC 740	0.00%	0.00%	73.50%
Net change in unrecognized tax benefits	0.60%	(0.90%)	0.50%
Other, net (primarily prior year return to provision)	4.00%	(1.60%)	1.60%
Effective tax rate	4.00%	35.50%	40.30%

Income Taxes - Summary of Income Tax Provision (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 0.0	$ 0.0	$ (0.9)
State	(3.3)	5.4	0.8
Foreign	2.0	6.8	6.0
Current income tax expense (benefit)	(1.3)	12.2	5.9
Deferred:
Federal	0.0	0.0	(13.3)
State	0.0	0.0	0.0
Foreign	(3.0)	(1.1)	0.1
Deferred income tax benefit	(3.0)	(1.1)	(13.2)
Income tax expense (benefit)	(4.3)	11.1	(7.3)
Domestic	(104.7)	13.6	(30.5)
Foreign	(3.6)	17.7	12.4
Income (loss) before income taxes	$ (108.3)	$ 31.3	$ (18.1)

Income Taxes - Schedule of Unrecognized Tax Benefits Roll Forward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits at January 1	$ 59.2	$ 56.8
Increases related to: tax positions taken during a prior period	0.0	7.1
Increases related to: tax positions taken during the current period	0.5	0.4
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(0.1)	(0.1)
Decreases related to: lapse of applicable statute of limitations	(1.1)	(4.8)
Decreases related to: settlements with taxing authorities	0.0	(0.2)
Unrecognized tax benefits at December 31	$ 58.5	$ 59.2

Income Taxes - Summary of Tax Years Remain Subject to Examination (Details)	12 Months Ended
	Dec. 31, 2019
Earliest Tax Year
Income Tax Disclosure [Line Items]
Statute remains open	2005
Tax years subject to examination	2005
Tax years not examined	2014
Latest Tax Year
Income Tax Disclosure [Line Items]
Statute remains open	2018
Tax years subject to examination	2013
Tax years not examined	2019

Business Segments- Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 4,871.2	$ 5,092.0	$ 4,891.0
Foreign Countries
Segment Reporting Information [Line Items]
Revenues	79.6	104.1	99.3
Long-lived assets located in foreign countries	$ 7.2	$ 6.5	$ 5.3

Business Segments - Schedule of Operations by Business Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
External revenue	$ 4,871.2	$ 5,092.0	$ 4,891.0
Operating income (loss)	16.2	142.9	119.0
Identifiable assets	1,831.6	1,617.1	1,585.5
Acquisition of property and equipment	(143.2)	(145.4)	(103.3)
Proceeds from disposal of property and equipment	25.9	36.4	8.8
Depreciation and amortization	152.4	147.7	147.7
Operating Segments \| YRC Freight
Segment Reporting Information [Line Items]
External revenue	3,088.7	3,197.3	3,067.9
Operating income (loss)	38.3	85.0	60.7
Identifiable assets	1,317.0	973.6	1,042.1
Acquisition of property and equipment	(89.6)	(76.5)	(66.6)
Proceeds from disposal of property and equipment	14.1	35.8	8.1
Depreciation and amortization	86.5	82.2	84.8
Operating Segments \| Regional Transportation
Segment Reporting Information [Line Items]
External revenue	1,782.7	1,895.0	1,823.4
Operating income (loss)	(4.8)	70.7	67.9
Identifiable assets	746.6	626.4	607.4
Acquisition of property and equipment	(45.5)	(62.9)	(36.6)
Proceeds from disposal of property and equipment	11.8	0.6	0.7
Depreciation and amortization	64.6	65.0	62.9
Corporate/ Eliminations
Segment Reporting Information [Line Items]
External revenue	(0.2)	(0.3)	(0.3)
Operating income (loss)	(17.3)	(12.8)	(9.6)
Identifiable assets	(232.0)	17.1	(64.0)
Acquisition of property and equipment	(8.1)	(6.0)	(0.1)
Proceeds from disposal of property and equipment	0.0	0.0	0.0
Depreciation and amortization	$ 1.3	$ 0.5	$ 0.0

Shareholders' Deficit - Schedule of Activity in Shares of Common Stock (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, common shares	33,090	32,733	32,473
Ending balance, common shares	33,715	33,090	32,733
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of equity awards, net	625	357	260

Shareholders' Deficit - Additional Information (Details) - International Brotherhood of Teamsters - Series A Voting Preferred Stock	12 Months Ended
	Dec. 31, 2019 Director shares
Earnings Per Share Basic [Line Items]
Preferred stock, voting rights description	The Company issued to the IBT one share of Series A Voting Preferred Stock that entitles the holder to elect two directors to the Company’s Board of Directors
Number of voting share issued that entitles holder to elect directors \| shares	1
Number of directors to be elected for each voting share issued \| Director	2

Earnings (Loss) Per Share - Schedule of Basic and Dilutive Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Basic and dilutive net income (loss)	$ (15.3)	$ (16.0)	$ (23.6)	$ (49.1)	$ 17.5	$ 2.9	$ 14.4	$ (14.6)	$ (104.0)	$ 20.2	$ (10.8)
Basic weighted average shares outstanding									33,252	32,983	32,685
Effect of dilutive securities:
Unvested shares and stock units									0	876	0
Dilutive weighted average shares outstanding									33,252	33,859	32,685
Basic earnings (loss) per share									$ (3.13)	$ 0.61	$ (0.33)
Diluted earnings (loss) per share									$ (3.13)	$ 0.60	$ (0.33)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

Earnings (Loss) Per Share - Additional Information (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Unvested shares and stock units	0	876	0

Earnings (Loss) Per Share - Schedule of Anti-Dilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Anti-Dilutive Unvested Shares and Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive unvested shares and options	610	51	8

Related Party Transactions - Additional Information (Details) - Chief Executive Officer - Consulting Services - James L. Welch - Affiliated Entity - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Annual compensation	$ 150,000
Services performed	$ 87,500	$ 62,500

Subsequent Events (Details) - Subsequent Event $ in Millions	Feb. 14, 2020 USD ($)
Subsequent Event [Line Items]
Gain on sale of Real estate	$ 38.8
Regional Transportation Facility
Subsequent Event [Line Items]
Cash proceeds from sale of real estate	43.6
Retained from sale of real estate	25.2
New Term Loan
Subsequent Event [Line Items]
Cash proceeds from sale of real estate	$ 40.0