March 18, 2011: John Lamar, YRC’s new restructuring officer, will pull down $80,000 per month, in addition to “director compensation” and a possible $500,000 bonus later this year, according to YRCW’s filing with the Securities and Exchange Commission. Lamar holds positions with other corporations as well. YRC cannot afford to pay for our pensions, but does seem to have money for some people. You can read more here.

February 4, 2011: YRC Worldwide broke into the black in the fourth quarter, reporting a $23 million net profit on $1.09 billion in revenue, and cut its full-year loss to $322 million. For the full year, YRC Worldwide reported $4.3 billion in revenue, a 12 percent drop from $4.9 billion in revenue in 2009. It lost $622 million that year. Click here to read more at The Journal of Commerce.

January 28, 2011: Citing dire financial circumstances, three subsidiaries of freight shipping firm YRC Worldwide Jan. 25 asked the U.S. Court of Appeals for the Eighth Circuit to expedite a decision on an appeal filed earlier this month by ABF Freight Systems to a federal judge's decision to dismiss its legal challenges to concessions negotiated between the company and the International Brotherhood of Teamsters (ABF Freight Sys. Inc. v. International Bhd. of Teamsters, 8th Cir.,...