November 2, 2009: YRC Worldwide Inc.’s bondholders are on track to own 95 percent of the company, which could mean the resignation of seven of YRC’s nine directors, if a debt-exchange offer planned to start this week is successful. The announcement appears as an “out-of-court restructuring and a positive for YRCW’s long-term viability at the expense of current shareholders,” Longbow Research analyst Lee Klaskow said in a Monday note. Click here to read more at...

October 7, 2009: Some 1,140 Chicago Local 710 YRC Teamsters are voting again on concessions that they rejected, but we haven’t found any Teamster yet who regards the voting method as legitimate. In early August, Local 710 YRC Teamsters rejected the concessions, by a vote of 471-321 in the dock contract, 57-48 in the office contract, and 10-4 by the mechanics. The re-vote will be counted on Oct. 15. But will it be a real...

October 1, 2009: The Obama administration will ban texting by truck drivers and restrict the use of other in-cab technologies as part of its effort to eliminate distracted driving, Transportation Secretary Ray LaHood said Thursday. LaHood, at the conclusion of a two-day hearing here on ways to combat driver distractions, said the Department of Transportation would “ban text messaging altogether, and restrict the use of cell phones by truck drivers,” as one of a series...