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Published on Teamsters for a Democratic Union (http://tdu.org)

Kansas City Star: YRC deal erases millions in debt

By TDU
Created 2010-01-04 15:50

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 [1] to read the full article from the Kansas City Star, at istockanalyst.com.



Source URL:
http://tdu.org/node/3579