The Collaborative International Dictionary of English v.0.48:

Wreck \Wreck\, v. t. [imp. & p. p. Wrecked; p. pr. & vb. n.
   Wrecking.]
   [1913 Webster]
   1. To destroy, disable, or seriously damage, as a vessel, by
      driving it against the shore or on rocks, by causing it to
      become unseaworthy, to founder, or the like; to shipwreck.
      [1913 Webster]

            Supposing that they saw the king's ship wrecked.
                                                  --Shak.
      [1913 Webster]

   2. To bring wreck or ruin upon by any kind of violence; to
      destroy, as a railroad train.
      [1913 Webster]

   3. To involve in a wreck; hence, to cause to suffer ruin; to
      balk of success, and bring disaster on.
      [1913 Webster]

            Weak and envied, if they should conspire,
            They wreck themselves.                --Daniel.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Wrecking \Wreck"ing\,
   a. & n. from Wreck, v.
   [1913 Webster]

   Wrecking car (Railway), a car fitted up with apparatus and
      implements for removing the wreck occasioned by an
      accident, as by a collision.

   Wrecking pump, a pump especially adapted for pumping water
      from the hull of a wrecked vessel.
      [1913 Webster]

WordNet (r) 3.0 (2006):

wrecking
    n 1: the event of a structure being completely demolished and
         leveled [syn: razing, wrecking]
    2: destruction achieved by causing something to be wrecked or
       ruined [syn: laying waste, ruin, ruining, ruination,
       wrecking]