Kansas City Star: YRC deal erases millions in debt

January 4, 2009: YRC Worldwide Inc. and its employees finally have reason to cheer this New Year's holiday, although the trucking giant still faces challenges.

After multiple deadline extensions, the company wrapped up its much-delayed financial restructuring Thursday and averted a likely bankruptcy. It still faces its seasonally slow winter and unresolved debt payments a few months away.

Click here to read the full article from the Kansas City Star, at istockanalyst.com.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Proposals for National UPS Contract

Reprinted from Teamsters United. UPS and UPS Freight negotiations began today. The IBT has released the unions proposal.

Click here to read the UPS proposals.

Click here to read the UPS Freight proposals.

Where Do We Go From Here?

This April 4th will mark the 50th anniversary of Dr. Martin Luther King Jr.’s assassination. As our nation prepares to celebrate his life and work, it is important to remember that it wasn’t always celebrated at the time.

View More News Posts