Kansas City Star: YRC deal erases millions in debt

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

Get Advice Join TDU Donate

Recent News

Opening the Door to Transform the Teamsters: A Pivotal TDU Convention

Teamster leaders and activists prepared to Get Out the Vote, elected new TDU leadership, and set our organization’s goals and strategy at the TDU Convention, October 1-3 in Chicago. 

Will UPS Profits Hit $10 Billion in 2021?

Today, UPS announced third quarter profits of $2.3 billion. The company has made a staggering $7.4 billion in profit after taxes in the first nine months this year, and is headed toward a record $10 billion in profits for the year.  

View More News Posts