YRC Worldwide Closes In on Restructuring

July 12, 2011: YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at the $4.4 billion trucking company said Monday.

The company secured a $400 million asset-based loan facility from its lenders, and now must raise $100 million through the sale of convertible securities to its lenders.

Click here to read more at The Journal of Commerce.

Get Advice Join TDU Donate

Recent News

Webinar & Toolkit: Heat Safety Rights at UPS

UPS Teamsters from across the country joined our webinar on enforcing new heat safety rights at UPS. Watch the webinar below. Then check out our heat safety rights toolkit. It includes resources to inform other members and enforce our heat safety rights this summer.

Resources: Getting Control of Production Standards

Get the information you need to understand production standards at your workplace, follow the methods, and stop unfair discipline.

View More News Posts