UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
YRC WORLDWIDE INC. formerly YELLOW ROADWAY CORPORATION
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $1.00 Par Value Per Share
--------------------------------------------------------------------------------
(Title of Class of Securities)
984249102
---------
(CUSIP Number)
December 31, 2005
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 10
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CUSIP No. 984249102 13G Page - 2 - of 10 Pages
----------------------- -----------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ---------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- ---------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 334,075 (see Item 4)
BY ----- ---------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ----- ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
334,075 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,075 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 10
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CUSIP No. 984249102 13G Page - 3 - of 10 Pages
----------------------- -----------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ---------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------ ---------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 334,075 (see Item 4)
BY ------ ---------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
334,075 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,075 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6% (see Item 4)
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 10
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CUSIP No. 984249102 13G Page - 4 - of 10 Pages
----------------------- -----------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investors, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ---------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------ ---------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 0 (see Item 4)
BY ------ ---------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 10
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CUSIP No. 984249102 13G Page - 5 - of 10 Pages
----------------------- -----------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ---------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------ ---------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 334,075 (see Item 4)
BY ------ ---------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
334,075 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,075 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6% (see Item 4)
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 10
ITEM 1(A) NAME OF ISSUER:
--------------
Yellow Roadway Corporation (now YRC Worldwide Inc.)
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
10990 Roe Avenue
Overland Park, Kansas 66211
ITEMS 2(A) NAME OF PERSON FILING:
This statement is filed by: (i) S.A.C. Capital
Advisors, LLC, ("SAC Capital Advisors") with respect
to shares of common stock, $1.00 par value per share
("Shares") of the Issuer beneficially owned by S.A.C.
Capital Associates, LLC ("SAC Capital Associates"),
S.A.C. Meridian Fund, LLC ("SAC Meridian"), and
S.A.C. MultiQuant Fund, LLC ("SAC MultiQuant"); (ii)
S.A.C. Capital Management, LLC, ("SAC Capital
Management") with respect to Shares beneficially
owned by SAC Capital Associates, SAC Meridian and SAC
MultiQuant; (iii) CR Intrinsic Investors, LLC ("CR
Intrinsic Investors"); and (iv) Steven A. Cohen with
respect to Shares beneficially owned by SAC Capital
Advisors, SAC Capital Management, SAC Capital
Associates, SAC Meridian, SAC MultiQuant, and CR
Intrinsic Investors.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
-------------------------------------
The address of the principal business office of
(i) SAC Capital Advisors, CR Intrinsic Investors and
Mr. Cohen is 72 Cummings Point Road, Stamford,
Connecticut 06902 and (ii) SAC Capital Management is
540 Madison Avenue, New York, New York 10022.
ITEM 2(C) CITIZENSHIP:
------------
SAC Capital Advisors, SAC Capital Management and CR
Intrinsic Investors are Delaware limited liability
companies. Mr. Cohen is a United States citizen.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
-----------------------------
Common Stock, par value $1.00 per share
Page 6 of 10
ITEM 2(E) CUSIP NUMBER:
-------------
984249102
ITEM 3 Not Applicable
ITEM 4 OWNERSHIP:
----------
The percentages used herein are calculated based upon
the Shares issued and outstanding as of October 31,
2005 as reported on the Issuer's quarterly report on
Form 10-Q filed with the Securities and Exchange
Commission by the Issuer for the quarterly period
ended September 30, 2005.
As of the close of business on December 30, 2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 334,075
(b) Percent of class: 0.6%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 334,075
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 334,075
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 334,075
(b) Percent of class: 0.6%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 334,075
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 334,075
3. CR Intrinsic Investors, LLC
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
4. Steven A. Cohen
a) Amount beneficially owned: 334,075
Page 7 of 10
(b) Percent of class: 0.6%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 334,075
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 334,075
SAC Capital Advisors, SAC Capital Management, CR
Intrinsic Investors and Mr. Cohen own directly no
Shares. Pursuant to investment agreements, each of
SAC Capital Advisors and SAC Capital Management share
all investment and voting power with respect to the
securities held by SAC Capital Associates, SAC
Meridian and SAC MultiQuant. Pursuant to an
investment management agreement, CR Intrinsic
Investors maintains investment and voting power with
respect to the securities held by CR Intrinsic
Investments, LLC ("CR Intrinsic Investments"). Mr.
Cohen controls each of SAC Capital Advisors, SAC
Capital Management and CR Intrinsic Investors. CR
Intrinsic Investments is a wholly owned subsidiary of
SAC Capital Associates. By reason of the provisions
of Rule 13d-3 of the Securities Exchange Act of 1934,
as amended, each of (i) SAC Capital Advisors, SAC
Capital Management and Mr. Cohen may be deemed to own
beneficially 334,075 Shares (constituting
approximately 0.6% of the Shares outstanding); and
(ii) CR Intrinsic Investors and Mr. Cohen may be
deemed to own beneficially 0 Shares. Each of SAC
Capital Advisors, SAC Capital Management, Sigma
Capital Management, CR Intrinsic Investors and Mr.
Cohen disclaim beneficial ownership of any of the
securities covered by this statement, and SAC Capital
Associates disclaims beneficial ownership of any
securities held by CR Intrinsic Investments.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
--------------------------------------------
If this statement is being filed to report
the fact that as of the date hereof the
reporting person has ceased to be the
beneficial owner of more than five percent
of the class of securities, check the
following. |X|
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
-------------------------------------------------
Not Applicable
Page 8 of 10
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
--------------------------------------------
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS
OF THE GROUP:
---------------------------------------------
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
------------------------------
Not Applicable
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 9 of 10
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 10 of 10