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

Getting Out the Vote for O'Brien-Zuckerman Teamsters United

The ballots are out and we’re on the verge of making history. As of Monday, 100,925 ballots are in. That means the vast majority of members who will vote in the election have not voted yet. Here are five things you can do right now to get out the vote.

Teamster Insurgents Could Win Their Union Election

One of the most common sentiments repeated by workshop leaders at the TDU convention was, ​The real fight is about to begin after we win.” — By Ryan Haney (reprinted from In These Times & Labor Notes)

View More News Posts