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

Third Quarter Financials: Central States Pension Bleeding - Congress Must Act to Protect Pensions!

The 2018 third quarter Financial and Analytical Report on the Central States Pension Fund shows that the Fund continues to bleed money, underscoring the importance of Congressional action this year to protect the pensions of millions of working families.

What’s Next for UPSers Who Voted No?

UPS Teamsters got sold out when the Hoffa administration stood with the company against the members and imposed the contract.

View More News Posts