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YRC Worldwide said Monday it has amended its July 2011 agreement with lenders to set new financial performance targets over the next two years, including a lowered profitability requirement.

YRC Worldwide’s less-than-truckload units have introduced new mobile applications that will allow customers to check on their shipments and obtain other information through their mobile telephones.

Teamsters union employees at YRC Worldwide Inc. approved by a wide margin a third round of wage and pension concessions to buoy the less-than-truckload carrier’s financial future, by providing a $350 million annual cost reduction.

YRC Worldwide Inc.’s third-quarter financial results improved on both a year-over-year basis and from the second quarter of 2010, the less-than-truckload company said last week, reporting that tonnage improved and operating losses declined.

YRC Worldwide said Monday it completed the initial closing of its the previously announced sale of a portion of its YRC Logistics unit to a private equity firm.

YRC Worldwide Inc. continued its corporate makeover by agreeing to sell a majority interest in its logistics business to private equity firm Austin Ventures for $37 million.

YRC Worldwide said Tuesday that its president and chief operating officer, Tim Wicks, has resigned and will return to work for his former employer, United Healthcare.

YRC Worldwide said its freight demand is improving this month following two months of severe winter storms lowered volumes, the Associated Press reported.